In analyzing the sunflowerseed meal supply in India, it is projected to experience a steady upward trend from 2024 to 2028, beginning at 209.0 thousand metric tons in 2024 and increasing to 217.0 thousand metric tons by 2028. This represents a consistent year-on-year increase, ranging around 0.95% annually. The compound annual growth rate (CAGR) for the period 2024-2028 is approximately 0.95% as well. In 2023, the supply of sunflowerseed meal was recorded at a value below these forecasts, signaling an anticipated growth trajectory in India's market.
Future trends to watch for:
- Potential shifts in agricultural output due to climate change impacts, affecting supply levels.
- Changes in domestic demand and international trade policies impacting export volumes.
- Technological advancements in crop production that could increase efficiency and yield.
