The soybean import forecast for India shows a declining trend from 2024 to 2028. In 2023, soybean imports stood at approximately 560.0 thousand metric tons. The projections indicate a year-on-year decrease of approximately 4.9% from 2024 to 2025, 4.2% from 2025 to 2026, 3.4% from 2026 to 2027, and 2.9% from 2027 to 2028. Looking over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) averages a decline of about 3.86%.

Future trends to watch for include:

Changes in domestic soybean production, which could alter import needs.
Government policies regarding agricultural imports and tariffs.
Fluctuations in currency exchange rates impacting import costs.
Global soybean market dynamics, including supply chain disruptions and price fluctuations.