The import of shelled walnuts in Australia is forecasted to decline steadily from 10.16 thousand metric tons in 2024 to 9.27 thousand metric tons by 2028. This represents a year-on-year decrease of approximately 2.3% from 2024 to 2025, 2.2% from 2025 to 2026, 2.3% from 2026 to 2027, and 2.3% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at around -2.4%.
Future trends to watch for include:
- Potential changes in consumer preferences towards locally-sourced nuts. - Fluctuations in global walnut supply and pricing. - Economic factors affecting import demand. - Policies and trade agreements impacting agricultural imports.
