The groundnut oil import volume in the US has shown a steady increase from forecasted 33.62 thousand metric tons in 2024 to 36.23 thousand metric tons in 2028. The year-on-year growth between 2024 and 2025 is approximately 2.0%, continuing this rate towards 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is around 1.9% on average, reflecting a consistent upward trend.
Future trends to watch for include:
- Potential shifts in dietary preferences influencing demand for groundnut oil.
- Trade policies impacting import tariffs or regulations.
- Volatility in global groundnut production due to climate change factors.
- Emerging market competitors altering supply dynamics.
