In 2023, Canada imported approximately 152.0 thousand metric tons of groundnuts. From the forecast data for 2024 to 2028, groundnut import volumes are projected to increase steadily by 1.0 thousand metric tons each year. This growth reflects a stable demand or consumption pattern. The year-on-year variation remains consistent, with an average annual growth rate, or CAGR, of around 1.3% over the five-year forecast period.
Future trends to watch for include potential changes in global groundnut supply due to climate conditions or geopolitical factors, which could impact import volumes. Additionally, shifts in Canadian consumer preferences towards alternative snacks could alter demand.
