The demand for groundnuts in Spain is forecasted to remain stable at 69.0 thousand metric tons from 2024 to 2026, with a slight increase to 70.0 thousand metric tons in 2027 and 2028. Compared to 2023, where the demand stood at 68.0 thousand metric tons, the year-on-year variation indicates a stable market with an average annual growth (CAGR) of around 0.58% over the last five years. This reflects a steady but minimal growth trend over the period.
Future trends to watch for include potential impacts of climate change on groundnut production, shifts in consumer dietary preferences towards plant-based diets which might increase demand, and economic factors such as inflation or trade policies that could affect import volumes and prices.
