In 2023, the UK imported 12.33 million kilograms of shelled walnuts. Forecasts project a gradual increment in imports from 2024 to 2028, starting at 12.563 million kilograms and rising to 13.837 million kilograms. This indicates a steady annual growth rate, reflecting a positive market trend in walnut demand.
Year-on-year growth is calculated at approximately 2.6% for 2025, 2.5% for 2026, 2.4% for 2027, and 2.3% for 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 2.5%. These figures suggest consistent demand expansion and potential market opportunities for exporters.
Future trends to watch for include the impact of health trends favoring nuts, possible trade policy changes post-Brexit, and currency fluctuations affecting import volumes. Monitoring these could provide insights for strategic decisions.
