The forecasted data indicates a steady increase in the import of shelled walnuts to Italy from 2024 to 2028. In 2023, the import value stood at 78.5 million US Dollars, setting the stage for a year-on-year growth of approximately 2.87% in 2024. This growth trend is projected to continue, with subsequent annual increases of approximately 2.87%, culminating in an estimated value of 89.339 million US Dollars by 2028. Over the 5-year forecast period, the compound annual growth rate (CAGR) reflects an average annual growth of about 2.84%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier nuts, which may drive higher demand.
- Economic factors in Italy that could affect purchasing power and import capacity.
- Global market conditions affecting walnut supply and pricing.