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.