Forecast: Oilseeds Import Volume in India

As of 2023, India's oilseeds import volume stood at 480.0 thousand metric tons. The forecast indicates a steady increase, reaching 580.0 thousand metric tons by 2028. Year-on-year growth rates from 2024 to 2028 show a consistent rise, reflecting a robust demand growth trajectory. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is an indication of dependable demand developments.

Future trends to watch for include:

  • The impact of policy changes on import tariffs, which might affect volumes.
  • Domestic production capabilities and their influence on import dependence.
  • Evolving consumer preferences towards plant-based diets that could further escalate demand.

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