In 2023, US groundnuts production stood at 2.77 million metric tons. Forecast data predicts a steady increase with figures reaching 2.79 million metric tons in 2024, 2.80 million metric tons in 2025, 2.82 million metric tons in 2026, 2.84 million metric tons in 2027, and 2.86 million metric tons in 2028. The year-on-year percentage variations are relatively stable: 0.72% from 2024 to 2025, 0.71% from 2025 to 2026, 0.71% from 2026 to 2027, and 0.70% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 0.65%
Future trends to watch for include technological advancements in agriculture that could potentially increase yields, climate change impacts that might alter production capability, and export demand fluctuations driven by global market dynamics. Monitoring these factors is essential for readiness and strategic planning.
