Based on the provided data, the forecasted import of virgin olive oil to India shows a steady increase from 1.9834 million kilograms in 2024 to 2.1678 million kilograms in 2028. Compared to 2023, when the imports stood at 1.932 million kilograms, there's a consistent upward trend. The year-on-year growth rates are:
• 2024: 2.67%
• 2025: 2.40%
• 2026: 2.29%
• 2027: 2.19%
• 2028: 2.11%
From 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 2.33%, indicating moderate, but steady growth.
Future trends to watch include changing consumer preferences, potential trade regulations, and price volatility in the global olive oil market, which could impact import volumes. Monitoring economic factors and potential shifts toward healthier, natural oils will also be vital for accurate future predictions.
