The forecast for the import of sunflower seed, safflower, or cotton-seed oil to India from 2024 to 2028 shows a consistent upward trend. The value is expected to rise from $2.47 billion in 2024 to $2.82 billion in 2028. This represents a gradual annual increase, with a compound annual growth rate (CAGR) over this period. Compared to 2023, the exact initial figure isn't provided, but the forecast indicates steady growth in demand.
Future trends to watch for include:
- Potential changes in global oilseed production affecting prices.
- Shifts in Indian consumer preference towards healthier oil options, impacting import volumes.
- Government policy changes regarding import tariffs or subsidies.
