India's import of refined groundnut oil is projected to steadily increase from 2024 to 2028, starting at 207.49 thousand USD and reaching 219.12 thousand USD. This forecast anticipates annual incremental growth, reflecting India's rising demand for refined groundnut oil due to increased consumption and insufficient domestic production.
Year-on-year analysis shows moderate growth rates in the range of 1.44% to 1.42%. Over the extended five-year period from 2024, the compound annual growth rate (CAGR) is expected to be modest, evidencing consistent yet slow market expansion.
Future trends to watch for include:
- Potential fluctuations in domestic production affecting import levels.
- Impact of global groundnut oil prices on import volumes.
- Changing consumer preferences towards healthier oils and alternatives.
