The forecast for India's import of groundnut oilcake from 2024 to 2028 shows a declining trend, with values decreasing from $15.89 thousand in 2024 to $10.94 thousand in 2028. Year-on-year percentage variation indicates a consistent downturn, expected around -8.0% annually. In 2023, the value stood at higher levels, showing the initiation of this downward trajectory. The 5-year compound annual growth rate (CAGR) suggests a significant average decline each year.
Future trends to monitor include changes in domestic production, global market dynamics, and shifts in dietary preferences towards alternative oil sources that may influence import demands. Additionally, economic policies and tariff adjustments could affect the trend.
