In 2023, US walnut production stood at approximately 660 thousand metric tons. For 2024, forecasts estimate a production of 675.09 thousand metric tons, representing a growth of about 2.29% year-on-year. The projected expansion continues with 689.6 thousand metric tons in 2025 and 703.83 thousand metric tons in 2026, maintaining a consistent upward trend. This growth is expected to culminate in 731.42 thousand metric tons by 2028. The compound annual growth rate (CAGR) over these five years is around 2.06%, illustrating a steady increase in production capacity.
Future trends to watch for include potential impacts from climate change on crop yields, advancements in agricultural technology, and fluctuations in global walnut demand. These factors could significantly influence production trends and market dynamics.
