In 2023, Germany imported groundnut oil equivalent to 2.534 million kilograms. The forecast indicates a steady increase, with expected imports reaching 2.957 million kilograms by 2028. The year-on-year growth from 2024-2025 is approximately 3.3%, while 2025-2026, 2026-2027, and 2027-2028 are around 3.1%. The compound annual growth rate (CAGR) from 2023 to 2028 is around 3.2%.
Future trends to watch for include:
- Changes in consumer preferences towards health-conscious products affecting demand.
- Potential trade policies and tariffs impacting import volumes.
- Fluctuations in global groundnut oil prices influencing market dynamics.