In 2023, the domestic consumption of shelled walnuts in China stood at approximately 1.17 million metric tons. From 2024 onwards, the forecast indicates a steady increase in consumption, reflecting a compound annual growth rate (CAGR) of approximately 2% over the next five years. Year-over-year, consumption is projected to rise by 2.6% from 2024 to 2025, 2.5% from 2025 to 2026, 2.4% from 2026 to 2027, and 2.4% from 2027 to 2028. This consistent growth reflects increasing demand and possibly greater integration of walnuts in the Chinese diet.
Future trends to watch for include:
- Potential impacts of health trends encouraging nut consumption.
- Variability in domestic walnut production affecting supply.
- Trade policies that might influence import-export dynamics and alter market prices.
- Technological advancements in agriculture impacting walnut yield and quality.