In 2023, the actual demand for groundnuts in Belgium was 15.5 thousand metric tons. The forecasted data shows a steady demand of 16.0 thousand metric tons for 2024 and 2025, with an increase to 17.0 thousand metric tons for 2026 through 2028. Year-on-year growth from 2023 to 2024 is approximately 3.2%. The demand then remains stable until it rises by 6.25% from 2025 to 2026. The 5-year CAGR from 2023 to 2028 is projected to be around 1.8%.
Future trends to watch for include potential shifts in consumer preferences toward healthier snacking options, which could influence groundnut demand positively. Additionally, market dynamics such as changes in import tariffs, agricultural yield fluctuations, and economic conditions in Belgium will be crucial factors to monitor.
