In 2023, the import of groundnut oilcake and other solid residues to the US was recorded at 1.178 million kilograms. Forecasts suggest a consistent decline from 2024 to 2028, with projected values indicating a decrease from 1.062 million kilograms in 2024 to 0.61449 million kilograms in 2028. This represents a year-on-year decrease of approximately 10.86% on average over these years.
Future trends to watch for include:
- Potential shifts in agricultural policies or trade agreements that could impact import levels.
- Emerging market trends in alternatives to groundnut oilcake.
- The impact of environmental regulations on oilcake processing industries globally.
- Economic factors influencing demand for livestock feed and related products in the US.