The shelled walnuts import in India has shown consistent growth from 2024 to 2028, with forecast values increasing significantly year over year. In 2023, the import volume stood at approximately 59.5 thousand metric tons. The year-on-year growth rates are projected as follows: 11.5% for 2025, 10.3% for 2026, 9.2% for 2027, and 8.4% for 2028. The compound annual growth rate (CAGR) over this forecast period is expected to be 10.2%.
Future trends to watch for:
- Impact of changing consumer preferences towards healthier snacking options.
- The role of import tariffs and trade policies affecting walnut prices.
- Potential competition from domestic production as local agricultural practices advance.
- Fluctuations in global walnut supply, possibly affected by climate change.
