Forecast: Walnuts Imports in the US

The forecast for walnut imports in the US indicates a steady decline from 4.72 million pounds in 2024 to 3.82 million pounds in 2028. In 2023, actual imports were below 2024 forecasts, reflecting an ongoing decrease. Year-on-year variations show a consistent reduction, signaling a decrease in demand or an increase in domestic supply. The Compound Annual Growth Rate (CAGR) over this period highlights a negative trend, with an average annual decrease.

Future trends to watch for:

  • Shifts in consumer preferences towards alternative nuts or plant-based products.
  • Impact of domestic walnut production on import needs.
  • Trade policy changes affecting import tariffs or restrictions.

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