The forecasted demand for groundnuts in the United Kingdom of Great Britain and Northern Ireland shows a steady increase from 2024 to 2028, starting at 175.0 thousand metric tons in 2024 and growing to 183.0 thousand metric tons by 2028. For context, the demand in 2023 was 173.0 thousand metric tons. The year-on-year variation in demand is approximately 1.1% annually from 2024 to 2028.
Trends and variations over the last two years:• From 2023 to 2024: +1.2%• From 2024 to 2025: +1.1%• From 2025 to 2026: +1.1%• From 2026 to 2027: +1.1%• From 2027 to 2028: +1.1%
The last CAGR from 2024 to 2028 indicates a consistent average annual growth rate of around 1.1%.
Future trends to watch for:• Monitor potential impacts of climatic changes and agricultural policies on groundnuts production, which could influence supply levels.• Keep an eye on evolving consumer preferences and health trends, since these could affect demand for groundnuts.• Watch for shifts in international trade policies and tariffs that might impact the groundnut market.
