The forecast for the import of shelled walnuts to the US indicates a steady growth from 2024 to 2028, with values increasing from $11.768 million to $13.168 million. In 2023, the import value stood at approximately $11.4 million. Between 2024 to 2028, the import volume is projected to rise at a compound annual growth rate (CAGR) of around 2.8%. This upward trend reflects increasing demand and potential market opportunities in the US for shelled walnuts.
Future trends to watch for:
- Changes in US domestic walnut production and their impact on import reliance.
- Global economic influences, such as tariffs and trade policies, affecting import dynamics.
- Consumer preferences towards health and wellness, possibly boosting walnut consumption.
- Emerging markets or new suppliers in the walnut industry could alter the import landscape.