Based on historical data, the shelled groundnuts and nuts market in Germany had a fluctuating growth pattern from 2013 to 2023. Notably, the market size in 2023 was 580.13 million kilograms. The market saw significant growth from 2016 to 2019 but experienced slight declines in 2020 and 2021, followed by a moderate recovery in recent years with a minor increase of 0.79% in 2023.
Key Observations:
- The market experienced a substantial drop in 2014 by 14.55%.
- A notable recovery phase occurred from 2017 to 2019, with the market peaking in 2019 at a 7.35% increase from the previous year.
- From 2020 onwards, the market witnessed a slight decline and fluctuation, with the lowest point in 2021 (-6.63%).
- In 2022 and 2023, the market showed stabilization with minor increases of 0.85% and 0.79% respectively.
- The five-year CAGR from 2018 to 2023 was approximately -0.072%.
Future Trends:
- The market is forecasted to see a gradual increase from 2024 to 2028, with a projected CAGR of 0.6% over the next five years.
- Attention should be given to potential factors influencing demand, such as health trends and import regulations, which could impact long-term growth positively or negatively.
