In 2023, India imported 2.71 million metric tons of sunflower seed oil. The forecasts show a consistent growth trend for the years 2024 to 2028, with imports increasing from 2.83 million metric tons in 2024 to 3.28 million metric tons by 2028. This reflects a steady year-on-year growth of around 3.7% on average, leading to a significant compound annual growth rate (CAGR) over this period.
Future trends to watch for include:
- Potential fluctuations in global sunflower seed oil supply due to climatic conditions or geopolitical tensions.
- Changes in domestic consumption patterns tied to dietary shifts or economic factors.
- The impact of trade policies and tariffs on import volumes and prices.