The import of crude sunflower-seed or safflower oil into India is forecasted to increase from $2.4692 billion in 2024 to $2.8231 billion in 2028. In 2023, the import value stood at approximately $2.378 billion. The year-on-year growth between 2024 and 2025 is 3.69%, while from 2025 to 2026 it is 3.50%. From 2026 to 2027, the import value grows by 3.30%, and from 2027 to 2028 by 3.14%. The compound annual growth rate (CAGR) over the five-year period is around 3.39%.
Future trends to watch for include market fluctuations based on geopolitical tensions affecting the oil supply chain, changes in domestic production capacity, and India’s growing consumption needs driven by dietary shifts and population growth. Additionally, trade policies and evolving international trade agreements may significantly impact future import dynamics. Monitoring these factors will be crucial for anticipating market shifts and strategic planning.
