In 2023, the supply of shelled walnuts in Australia stood at 24.34 thousand metric tons. From 2024 to 2028, forecasted data indicate a steady increase in supply: 25.04, 25.64, 26.23, 26.81, and 27.39 thousand metric tons annually. The year-on-year variation shows a consistent increase, approximately 2-2.5% each year. Over the last two years, the supply grew by around 2.88% annually. The 5-year Compound Annual Growth Rate (CAGR) is 2.40%, reflecting a stable upward trend in the supply of shelled walnuts.
Future trends to watch for include potential impacts of climate change on walnut production, technological advancements in agriculture that could boost yields, and shifts in consumer demand that might influence supply chain dynamics. Observing these factors will be crucial for stakeholders in the walnut market.
