Forecast: Import of Groundnuts to India

The forecasted values for the import of groundnuts into India from 2024 to 2028 show a consistent upward trend, increasing steadily from $2.0494 million in 2024 to $2.4574 million by 2028. This results in year-on-year growth of approximately 5.13% in 2025, 4.78% in 2026, 4.47% in 2027, and 4.19% in 2028. In 2023, the import value was notably lower, exemplifying a strong growth trajectory. The compound annual growth rate (CAGR) over the forecasted period is projected to be around 4.64%.

Future trends to watch for include:

  • Potential fluctuations in international groundnut prices that may affect import volumes.
  • Changes in domestic production impacting demand for imports.
  • Trade policy adjustments and tariff changes influencing import dynamics.

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