In 2023, the US exported 895.3 thousand metric tons of shelled almonds. The forecast for the upcoming years anticipates a steady increase, reaching 932.17 thousand metric tons in 2024 and rising to 1041.5 thousand metric tons by 2028. The year-on-year growth showcases an upward trend, with an average compound annual growth rate (CAGR) of 2.8% over the period from 2024-2028. The consistent growth reflects increasing global demand and potential market expansion.
Future trends to watch for:
- Emerging markets seeking sustainable and healthy food options, driving demand for almonds.
- Potential fluctuations due to trade policies and climatic changes affecting crop yields.
- Technological advancements in agriculture may enhance productivity and supply chain efficiency.
- Consumer preferences towards plant-based diets increasing demand for nut-based products.