In 2023, the demand for groundnuts in Argentina stood at 396.3 thousand metric tons. The data indicates a steady increase in demand over the forecast period from 2024 to 2028. From 2024 to 2025, the demand is expected to increase by approximately 2.17%. From 2025 to 2026, a growth of around 2.06% is anticipated. Between 2026 and 2027, the demand is projected to rise by roughly 2.02%, and from 2027 to 2028, an estimated growth of 1.91% is forecasted. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is about 2.03%.
Future trends to watch for include potential shifts in consumer preferences towards healthier snacks, which may drive further demand for groundnuts. Additionally, monitoring global market conditions, trade policies, and potential climate impacts on production will be crucial in forecasting longer-term trends in groundnut demand in Argentina.
