The forecasted re-import of shelled walnuts to Canada indicates a steady decline in volume from 367 kilograms in 2024 to 336 kilograms by 2028. In 2023, the actual import stood at a higher volume, suggesting a consistent downtrend based on the projected figures.
The year-on-year percentage variations highlight a decreasing trend, with values diminishing incrementally by approximately 2.2% each year over this period. The five-year compound annual growth rate (CAGR) reflects a consistent negative growth, averaging around -2.1% annually.
Future trends to watch for include potential fluctuations in global walnut production, changes in trade policies affecting import contracts, and shifts in Canadian consumer preferences towards domestic or alternative nut options, which could impact future projections and actual import volumes.
