In 2023, the UK imported shelled groundnuts valued at approximately 135 million USD. Forecasts show a steady year-on-year growth in imports, with values reaching 144.87 million USD by 2028. This represents a compound annual growth rate (CAGR) of about 1.5% from 2024 to 2028. The consistent rise indicates a stable increase in demand for shelled groundnuts in the UK market over the next five years.
Future trends to watch for include:
- Economic factors impacting purchasing power and consumer demand.
- Trade agreements and import tariffs that might affect pricing and volume.
- Shifts in consumer preferences towards healthier snacks possibly bolstering groundnut demand.
- Supply chain disruptions that could affect the availability and costs of imports.