Groundnut demand in China has shown a steady increase with historical data indicating that in 2023, the demand stood at 17.18 million metric tons. For the forecast period from 2024 to 2028, the year-on-year variations in demand have been minimal but constantly positive: 0.46% in 2024, 0.46% in 2025, 0.40% in 2026, 0.40% in 2027, and 0.46% in 2028. The Compound Annual Growth Rate (CAGR) over the last five years stands at approximately 0.45%.
Future trends to watch for include potential changes in dietary preferences, agricultural policies affecting groundnut production and trade, and economic factors influencing consumer purchasing power. Additionally, climate change may affect groundnut yields, impacting supply and demand dynamics in the longer term.
