In 2023, Canada's groundnut export volume stood at 26,000 metric tons. From 2024 onwards, the data forecasts a steady increase in the export volume. It predicts 27,000 metric tons in 2024, followed by 28,000 metric tons in both 2025 and 2026, and 29,000 metric tons in 2027 and 2028. This marks a consistent growth pattern.
Year-on-year, there is predicted growth of about 3.7% from 2023 to 2024, and 3.5% from 2026 to 2027. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected at approximately 2.8%.
Future trends to watch for include potential changes in global groundnut demand, trade agreements that could impact export dynamics, and domestic agricultural policies influencing production capabilities.
