The forecasted trend for soybean imports in India from 2024 to 2028 indicates a consistent year-on-year growth in volume, starting from 209.0 thousand metric tons in 2024 to 252.0 thousand metric tons in 2028. In 2023, the import volume was recorded at 198.0 thousand metric tons. Year-on-year growth is expected to be around 5-6% each year. Over this five-year forecast period, the compound annual growth rate (CAGR) is anticipated to average approximately 4.85%.
Future trends to watch for include global soybean price fluctuations, changes in domestic agricultural policies, and potential shifts in dietary preferences in India. Additionally, climate impacts and trade relationships with major soybean-exporting countries may significantly influence these import volumes.
