In 2023, the import of shelled groundnuts to Canada stood at approximately 108.5 million kilograms. The forecast from 2024 to 2028 shows a steady growth in import volume, with a year-on-year increase of around 1 to 1.3%. The compound annual growth rate (CAGR) for the five-year period is estimated at around 1.5%. This trend indicates a consistent rise in demand for shelled groundnuts in Canada over the coming years.
Future trends to watch for:
- Impact of trade agreements and tariffs on import volumes.
- Changes in domestic production affecting import needs.
- Emerging consumer preferences towards groundnut-derived products.
- Global market dynamics influencing prices and availability.
