Forecast: Sunflowerseed Oil Import Volume in India

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.

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