In 2023, the US groundnuts export volume stood at 683.0 thousand metric tons. The forecasted data indicates a steady growth in export volumes from 2024 to 2028, with an average year-on-year increase of approximately 1%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be modest, reflecting consistent but gradual enhancement in export volumes.
Future trends to watch for:
- Sustainable agricultural practices enhancing yield and quality.
- Trade agreements that could impact export policies favorably.
- Emerging markets’ demand influencing export volume growth.
- Technological advancements in farming and logistics reducing costs.
