Between 2024 and 2028, the forecasted value of shelled almond imports to the US shows a consistent upward trend, with a steady increase each year. This trajectory reflects anticipated growth in domestic demand for almonds. Compared to 2023 levels, the year-over-year growth is predicted to average approximately 3.4% annually over the next five years, signifying robust market expansion for almonds in the US.
Future trends to watch for include:
- Potential impacts of climate change and water scarcity on almond production globally, particularly in California, one of the leading suppliers.
- Fluctuations in international trade policies and tariffs, which might affect import prices and volumes.
- Changes in consumer preferences towards healthier snacking options influencing almond demand.