In 2023, India's palm oil export stood at 0.9 Thousand Metric Tons, representing a baseline for understanding future trends. The forecasted data for 2024 and 2025 shows a stable export volume of 1.0 Thousand Metric Tons each year. A notable increase is predicted for 2026 with exports reaching 2.0 Thousand Metric Tons, maintaining this level through 2028. This growth reflects a year-on-year increase of 11% from 2023 to 2024 and a significant 100% jump in 2026 compared to 2025. The compound annual growth rate (CAGR) from 2023 to 2028 is expected to be around 17%.
Future trends to watch for include:
- Global demand fluctuations due to changes in dietary trends and biofuel use.
- Regulatory shifts in major importing countries that could affect market access.
- Technological advances in production enhancing efficiency and sustainability.
