The import of shelled walnuts to India is forecasted to rise steadily from 2024 to 2028, starting at 434.37 thousand kilograms in 2024 and reaching 518.11 thousand kilograms by 2028. This upward trend indicates a healthy demand for walnuts in the Indian market, with a noticeable year-on-year increase. Compared to 2023, the import volume is expected to grow annually. The Compound Annual Growth Rate (CAGR) over the next five years is indicative of consistent demand, showing progressive market expansion for this commodity.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier foods, which may further boost walnut imports.
- The impact of global walnut supply and pricing, possibly affecting import volumes.
- The role of trade agreements and tariffs in influencing import costs and volumes.
