The forecast for India's import of crude canola, rape, colza, or mustard oil shows a steady upward trend from 2024 to 2028. Starting at 324.2 million kilograms in 2024, it increases to 366.24 million kilograms by 2028. In 2023, the import volume stood at approximately 314 million kilograms, indicating a steady growth trajectory.
The year-on-year growth rate is projected to be consistent, hovering between 3.34% in the early years to around 2.83% towards 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is estimated at roughly 3.09%.
Future trends to watch for include changes in domestic agricultural policies, global supply chain dynamics, and trade tariffs. These factors could significantly impact the trajectory of imports, either enhancing the growth or introducing volatility.
