The import of refined olive oil and fractions to India stood at $57.228 million in 2023. The year-on-year variation in 2022 was 4.33%, showing a steady, though moderate, increase. Between 2021 and 2023, annual growth rates were 4.95% and 4.63% respectively. Over the last five years, the compound annual growth rate (CAGR) was 4.02%. Future forecasts indicate a continued growth trend with a forecasted CAGR of 2.81% over the next five years.

Trends to watch for in the future include:

Changing consumer preferences towards healthier oils.
Fluctuations in international olive oil prices impacting import volumes.
Impact of trade policies and agreements between India and olive oil-producing nations.
Potential increase in domestic production capabilities affecting import dependency.