In 2023, India imported an estimated 2.63 Million Metric Tons of sunflowerseed oil. The forecast for 2024 to 2028 indicates a steady increase, with import volumes expected to rise from 2.69 to 2.92 Million Metric Tons. This represents a year-on-year growth of approximately 2.23% to 2.12% over these years. The compound annual growth rate (CAGR) from 2023 to 2028 is about 2.10%, reflecting a stable upward trend in sunflowerseed oil imports.
Future trends to watch for include:
- Changes in domestic oilseed production impacting import needs.
- Global oilseed market volatility affecting prices and supply.
- Potential shifts in dietary patterns and government policies influencing import volumes.