In 2023, Canada's exports of shelled walnuts to the US stood at 177.0 thousand US dollars. Forecasted data for 2024 to 2028 shows a steady growth in value:
2024: 183.0 thousand US dollars
2025: 189.0 thousand US dollars
2026: 195.0 thousand US dollars
2027: 200.0 thousand US dollars
2028: 206.0 thousand US dollars
The year-on-year percentage variation indicates consistent growth. From 2023 to 2024, there's an approximate 3.39% increase. Subsequent yearly increases are around 3.28% (2025), 3.17% (2026), 2.56% (2027), and 3.00% (2028). The compound annual growth rate (CAGR) over these five years is projected to be approximately 3.11%.
Future trends to watch for include changes in US demand for shelled walnuts, potential impacts of trade policies, and fluctuating global walnut production. Additionally, monitoring consumer preferences towards organic and sustainably sourced walnuts may also influence market dynamics.
