In 2023, groundnut demand in South Africa stood at approximately 54.00 thousand metric tons. The forecasted data shows a continuous decline in demand: 52.54 thousand metric tons in 2024, 51.22 in 2025, 49.93 in 2026, 48.67 in 2027, and 47.43 in 2028. The year-on-year variation indicates a decreasing trend, with an anticipated average annual decline (CAGR) of around -2.5% over the next five years.
Future trends to watch for include potential shifts in consumer preferences towards healthier snacks, the impact of price fluctuations, and agricultural policy changes that could impact production and import levels. Monitoring these factors will be crucial for predicting longer-term demand changes.
