In 2023, China's groundnut consumption at the farm gate reached 13.61 million metric tons. The forecast for 2024-2028 exhibits a steady year-on-year growth, ranging from 1.98% to 1.92% annually, with the consumption projected to rise from 13.61 to 14.69 million metric tons by 2028. This trend indicates a consistent expansion in groundnut consumption within the country over this forecasted period.
Future trends to watch for include:
- The impact of dietary shifts toward plant-based nutrition on groundnut demand.
- Potential changes in agricultural policy affecting crop yields and prices.
- Developments in technology that could enhance groundnut production efficiency.
