The forecast for India's import of groundnut oilcake and other solid residues shows a consistent decline from 2024 to 2028. Starting at 44.13 thousand kg in 2024, the import volume is projected to decrease by approximately 14% year-on-year in the subsequent years. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is negative, reflecting an average annual decrease. In 2023, prior to these projections, the imports stood at a higher volume, though exact figures are not detailed here.
Future trends to watch for include:
- Changes in domestic production which may reduce reliance on imports.
- Fluctuations in international prices that could influence import volumes.
- Shifts in dietary preferences and alternative feedstocks that could impact demand.
