In 2023, India's oilseeds export volume was approximately 1.35 million metric tons. The forecast from 2024 to 2028 indicates a declining trend, projected to decrease from 1.32 million metric tons in 2024 to 1.19 million metric tons by 2028. This shows a year-on-year decrease of approximately 2.3% in 2025, 3.1% in 2026, 2.4% in 2027, and 2.5% in 2028. The compound annual growth rate (CAGR) over this period is anticipated to be negative, reflecting an average annual decline.
Future trends to watch for:
- Impact of global demand on export volumes.
- Policy changes in India's agricultural and export sectors.
- Weather conditions affecting oilseeds production.
- Potential shifts towards biofuel production impacting domestic availability.
