The demand for groundnut oil in Belgium has shown significant fluctuations over the years. Starting from 10.0 thousand metric tons in 2014, it experienced a dramatic rise and fall, peaking in 2015 at 13.0 and hitting the lowest point in 2017 at 2.0. From 2019 onwards, the demand stabilized at 10.0 thousand metric tons and is forecasted to remain at this level through 2028. The year-on-year variation has been 0% for the last few years, indicating a stable market. The CAGR for the last five years is -5.11%, reflecting a previous decline in growth that has stabilized recently.

Future trends to watch for:

Potential market shifts due to health trends and preferences for alternative oils.
Impact of sustainability and environmental concerns on production and consumption.
Changes in import-export policies and tariffs that could affect price and availability.