The import of refined linseed oil and its fractions to India is anticipated to increase steadily from 2024 to 2028, starting at 3.6516 million kilograms in 2024 and reaching 4.0094 million kilograms by 2028. In 2023, the imports stood at a baseline preceding these forecasts.
- Year-on-year growth for 2025 is projected at approximately 2.53% from 2024.
- The growth for 2026 is expected to be around 2.41% from 2025.
- From 2026 to 2027, a growth of roughly 2.31% is projected.
- The increase from 2027 to 2028 is estimated at about 2.21%.
The Compound Annual Growth Rate (CAGR) over this five-year period is anticipated to be around 2.38%, indicating a consistent upward trend.
Future trends to watch for include fluctuations in global linseed production, potential shifts in tariff regulations, and evolving domestic demand for linseed oil derivatives in various industrial applications. These factors may significantly influence the import volumes in the coming years.
