Analyzing the provided forecast data, palm oil production in India is expected to show a consistent upward trend from 2024 to 2028, starting at 314.0 thousand metric tons in 2024 and rising to 338.0 thousand metric tons by 2028. In 2023, the actual production stood at 308.0 thousand metric tons. The year-on-year increase in production from 2024 to 2025 is 2.23%, from 2025 to 2026 is 1.87%, from 2026 to 2027 is 1.83%, and from 2027 to 2028 is 1.50%. The Compound Annual Growth Rate (CAGR) over this five-year forecast period is approximately 1.89%.
Future trends to watch for include potential impacts of climate change on crop yields, technological advancements in palm oil cultivation, and policy changes aimed at boosting domestic production and reducing dependence on imports. Additionally, shifts in global demand and prices for palm oil will continue to play a critical role in shaping the production landscape in India.
