The supply of shelled walnuts in the US is forecasted to see a steady increase from 834.02 thousand metric tons in 2024 to 917.94 thousand metric tons in 2028. Comparing this forecast to the actual figures from previous years, it is important to note that in 2023, the volume stood at 817.75 thousand metric tons. The year-on-year variation indicates a consistent growth pattern, with increases of approximately 2.55% from 2024 to 2025, 2.47% from 2025 to 2026, 2.38% from 2026 to 2027, and 2.29% from 2027 to 2028. Averaging these annual increases over the last five years, we observe a compound annual growth rate (CAGR) of around 2.42%.
Future trends to watch for include potential impacts of climate change on walnut harvests, changes in consumer preferences towards nuts for healthier snacks, and international trade policies that may affect walnut exports and imports. These factors could influence supply stability and market dynamics going forward.
