In 2023, the import of rapeseed oil in India was recorded at 5.0 Thousand Metric Tons. The forecast indicates a steady growth, reaching 9.0 Thousand Metric Tons by 2028. The year-on-year growth rates emerge as follows: 2024 (20%), 2025 (16.7%), 2026 (14.3%), 2027 (0%), and 2028 (12.5%). The compound annual growth rate (CAGR) over the five-year forecast period is approximately 13.5%, showcasing a gradual increase in imports.
Future trends to watch for:
- Shifts in domestic production influencing import needs.
- Global price fluctuations affecting purchasing strategies.
- Government policies on agriculture and oilseed importation.
- Consumer demand changes with dietary trends and health awareness.
