Forecast: Import of Crude Sunflower-Seed or Safflower Oil to India

In 2023, India's import of crude sunflower-seed or safflower oil was approximately 3 billion kilograms. The forecast data shows a steady increase in imports from 2024 to 2028, with year-on-year growth rates of around 4.06% from 2024 to 2025, 3.83% from 2025 to 2026, 3.6% from 2026 to 2027, and 3.42% from 2027 to 2028, yielding a compounded annual growth rate (CAGR) of approximately 3.75% over these five years.

Future trends to watch for include:

  • Market demand fluctuations influenced by domestic production levels and changes in consumer preferences.
  • Global price changes, driven by supply chain dynamics and geopolitical factors.
  • Government policy shifts regarding import tariffs and trade agreements.
  • Technological advancements impacting agricultural productivity and oil processing efficiency.

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