In the forecast for the import of groundnut oilcake and other solid residues to Germany from 2024 to 2028, there is a consistent annual decrease in volume. In 2023, the import volume stood at 2.3 million kilograms. The forecasted decrease from this baseline shows a reduction of approximately 2.41% by 2025, 2.41% again by 2026, 2.43% by 2027, and 2.44% by 2028. The average compound annual growth rate (CAGR) for the period from 2024 to 2028 indicates a consistent downward trend of around 2.22% each year.
Future trends to watch for:
- Changes in global demand for groundnut oilcake that might affect import quantities.
- Fluctuations in international trade policies and tariffs impacting import dynamics.
- Innovations in alternative feeds reducing reliance on groundnut oilcake.