The import of castor oil or fractions to India is projected to rise from 423.28 thousand USD in 2024 to 486.17 thousand USD by 2028. This suggests a steady annual growth, with an average compound annual growth rate (CAGR) of approximately 3% over the five-year period. Year-on-year increases highlight a consistent upward trajectory in demand.
Future trends to watch for include:
• Any shifts in global castor oil prices driven by supply chain changes or geopolitical factors.
• Innovation in castor oil applications potentially increasing its demand.
• Economic and trade policies impacting import tariffs and costs in India.
