The imported value of soya beans to India for 2023 was not provided, however, the forecast from 2024 to 2028 shows a steady growth: 2024 at $101.17M, 2025 at $106.54M, 2026 at $111.81M, 2027 at $116.97M, and 2028 at $122.03M. The year-on-year growth suggests incremental increases averaging around 5.18%. Over the 5 years, the compound annual growth rate (CAGR) is consistent with this upward trend, reflecting an average annual increase.
Future trends to watch include shifts in global soya bean prices, changes in India's agricultural policies affecting domestic production, and consumption patterns driven by dietary shifts towards more plant-based proteins.
