The forecast for the import of soya beans to India from 2024 to 2028 shows a consistent upward trend. In 2023, the import stood at an estimated volume of 195.03 million kilograms. Year-on-year growth rates indicate a steady increase: 2024 to 2025 shows a 5.34% rise, 2025 to 2026 a 4.98% increase, 2026 to 2027 a 4.65% growth, and 2027 to 2028 a 4.35% growth. Over the five-year period, the CAGR (Compound Annual Growth Rate) is approximately 4.92%.
Future trends to watch for include India's agricultural policies towards self-sufficiency in oilseeds, global market conditions affecting soya bean prices, and the impact of climate change on both domestic production and international supply chains. Monitoring these factors will be crucial for anticipating potential fluctuations in import volumes.
