The import of walnuts in shell to Spain hit 13.268 million kilograms in 2023, showing a subtle downward trend from 2019's 13.932 million kilograms. The year-on-year variation from 2022 to 2023 was -1.2%. Additionally, the compounded annual growth rate (CAGR) over the last five years has been -0.45%, indicating a mild decline in imports.
Looking ahead, forecasts until 2028 suggest a continued decline in the volume of imports. From 2024 to 2028, the five-year CAGR is projected at -1.04%, culminating in a total five-year decrease of -5.07% by 2028, bringing imports down to an anticipated 12.428 million kilograms.
Future trends to watch for include Spain's domestic walnut production, which could further reduce the dependency on imports. Global supply chain disruptions or changes in trade policy could also impact the walnut import landscape.
