The supply of shelled walnuts in Canada stood at 26.75 thousand metric tons in 2023. The forecasted values for the upcoming years show a consistent annual increase: 27.18 thousand metric tons in 2024, 27.61 in 2025, 28.05 in 2026, 28.47 in 2027, and 28.9 in 2028. This represents a year-on-year variation of approximately 1.6% from 2023 to 2024. The projected annual growth trend continues steadily at roughly 1.3% to 1.4% per year up to 2028, leading to an average compound annual growth rate (CAGR) of about 1.6% from 2023 to 2028.
Future trends to watch for include potential impacts from climate change on walnut production, shifts in consumer demand toward plant-based proteins, and trade policy changes affecting imports and exports. Innovations in agricultural technology and sustainable farming practices could also influence supply levels in the long term.
