In 2023, the import volume of prepared or preserved groundnuts to India was 660.34 thousand kilograms. The forecast from 2024 to 2028 shows a steady increase in import volume, starting at 685.86 thousand kilograms in 2024 and reaching 791.13 thousand kilograms by 2028. This indicates a positive trend with an average compound annual growth rate (CAGR) of approximately 3.6% over the five-year period.
Future trends to watch for in the Indian groundnut import market include:
- Increasing domestic demand for processed snacks and health-focused nut products.
- Trade policy changes that could affect import costs or tariffs.
- Global supply chain disruptions impacting timely availability and pricing.
- Shifts in consumer preferences towards local versus imported products.