In 2023, India's import of cotton seed oilcake and other solid residues stood at $4.85 million USD. Forecasts for 2024 to 2028 indicate a consistent growth, predicting values of 5.109, 5.3975, 5.6802, 5.9573, and 6.2288 million USD respectively. This suggests a steady year-on-year percentage increase, with a compound annual growth rate (CAGR) reflecting stable demand for this commodity.
Future trends to watch for include fluctuations in global cotton production, price volatility due to climate change, and shifts in Indian agricultural policies which may impact import levels. Monitoring these elements will be crucial for adjusting market strategies effectively.
