The forecast for India’s import of shelled walnuts indicates a steady increase over the next five years. Starting from a value of 2.7027 million USD in 2024, it is projected to reach 3.2115 million USD by 2028. Comparing the forecasts to actual data for 2023 is crucial; however, that data is not provided. Notably, this upward trajectory reflects a consistent year-on-year growth rate, evidencing robust demand, with an average compound annual growth rate (CAGR) over the five-year period.
Future trends to watch include:
- Potential changes in global walnut supply dynamics that could affect import volumes and prices.
- Shifts in consumer preferences towards healthier and organic food options, possibly boosting walnut demand.
- Tariff adjustments and trade policy changes affecting walnut imports.
