Despite consistent forecasts predicating a decline in India's imports of sesame oil or fractions, the sector had not reached the 2023 levels. Predictions for 2024 forecast imports to be at 779.24 thousand USD and exhibit a continuous downturn, anticipating a progressive decrease to 590.81 thousand USD by 2028. From 2024 to 2025, the predicted decline is 6.2%, with an average annual drop (CAGR) of approximately 6.67% over the five-year horizon.
As for future trends, stakeholders should monitor:
- India's domestic sesame oil production, which might influence import dependence.
- Potential policy changes impacting tariffs, affecting import costs.
- Shifts in consumer preferences for healthier oils, potentially reshaping import landscapes.