In 2023, India's groundnut import volume stood at 3.0 thousand metric tons. From 2024 to 2027, this figure is forecasted to remain consistent at 3.0 thousand metric tons annually. In 2028, a slight increase to 4.0 thousand metric tons is anticipated. The compound annual growth rate (CAGR) over these five years is modest, reflecting a stable to slight growth trend. No significant fluctuations in year-on-year variations are expected until 2028.
Future trends to watch for include:
- Potential impacts of domestic production changes on import demands.
- Effects of international trade agreements and tariff adjustments.
- Competitive pressures from alternative oilseeds in the global market.
