The forecast for the import of crude groundnut oil to the US shows a steady increase. In 2023, imports stood at 29.0 million kilograms. Forecasts predict this to grow consistently, reaching 29.331 million kilograms in 2024 and up to 30.932 million kilograms by 2028. The compound annual growth rate (CAGR) over this period is moderate.
Year-on-year growth is projected as follows:
- 2024: +1.14%
- 2025: +1.41%
- 2026: +1.36%
- 2027: +1.31%
Future trends to watch for include potential changes in trade policies, fluctuations in demand from the food industry, and shifts in domestic planting trends that might affect import needs. Additionally, environmental factors and innovations in agricultural practices could impact long-term forecasts.
