The soybean meal import in India is forecasted to experience a steady growth from 2024 to 2028, starting at 160 thousand metric tons in 2024 and increasing incrementally by 2 thousand metric tons each subsequent year. Assuming the volume remains unchanged from the actual figure in 2023, this consistent growth suggests a rather modest compound annual growth rate (CAGR) over the five-year period.

Year-on-year variations offer a minimal percentage increase, reflecting stable demand within the Indian market. This trend indicates an anticipation of consistent need for soybean meal, likely driven by the agricultural sector and livestock feed industry.

Watch for shifts in domestic production capacities.
Changes in trade policies affecting import tariffs could alter the forecast.
Fluctuations in global supply and commodity prices might impact future import needs.