In 2023, US shelled walnuts exports stood at 455.90 thousand metric tons. Forecasted data indicates a gradual decline in export volumes from 2024 onwards, with values dropping to 452.65 thousand metric tons in 2024 and continuing to fall yearly, reaching 440.09 thousand metric tons by 2028. Year-on-year analysis shows a consistent negative trend with minor decreases each year: -0.70% in 2025, -0.70% in 2026, -0.70% in 2027, and -0.70% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately -0.70%, signaling a steady downward trend.
Future trends to watch for include potential demand shifts in key international markets, changes in trade policies, and the impact of climate change on walnut production. Additionally, monitoring the competition from other walnut-producing countries will be crucial.
