As of 2023, China's import of groundnuts in shell was valued at approximately 76 million US dollars. The forecast from 2024 to 2028 predicts a steady increase from 80.048 million to 93.446 million US dollars. Year-on-year growth rates stand at 4.3% from 2024 to 2025, and from 2025 to 2026, an increase of 4.06% followed by 3.82% from 2026 to 2027, and lastly a 3.61% rise from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is around 4.0%.
Future trends to watch for:
- Monitoring potential fluctuations in global peanut production affecting import prices.
- Government policies on agricultural imports that could influence demand.
- Changes in consumer preferences or health awareness impacting consumption rates of groundnuts.
- International trade agreements that might alter trade dynamics between China and key peanut-producing countries.