In 2023, the import of shelled walnuts to Finland stood at 542,190 kilograms. The year-on-year variation from 2022 to 2023 was 4.1%, continuing a steady upward trend observed over the past decade. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 is 4.62%, indicating a consistent increase in imports over the past five years.
From 2013 to 2018, imports generally increased, with a notable rise of 35.95% in 2017. Following this, growth rates moderated but remained positive, with annual increases hovering around 4-5% in recent years. The CAGR for the period from 2018 to 2023 is relatively modest at 4.62%.
Forecasts indicate continued growth up to 2028, albeit at a slower pace than previously observed. The anticipated CAGR for the next five years is 2.68%, with an overall growth rate of 14.15% by 2028, suggesting a gradual but steady rise in imports.
Future trends to watch for:
- Changes in consumer demand for healthier snacks and plant-based products might further drive up walnut imports.
- International trade policies and their impact on import tariffs and supply chains.
- The potential for fluctuation in walnut production due to climate conditions and agricultural practices in major exporting countries.
