United Kingdom - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAlmond Price in the UK - 2023
Contents:
- Almond Price in the UK (CIF) - 2023
- Almond Price in the UK (FOB) - 2022
- Almond Imports in the UK
- Almond Exports in the UK
Almond Price in the UK (CIF) - 2023
In August 2023, the average almond import price amounted to $5,164 per ton, with an increase of 71% against the previous month. Overall, import price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, almond import price decreased by -13.9% against June 2023 indices. Over the period under review, average import prices hit record highs at $5,994 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($8,027 per ton), while the price for Spain ($2,638 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Almond Price in the UK (FOB) - 2022
In 2022, the average almond export price amounted to $11,398 per ton, growing by 10% against the previous year. In general, the export price continues to indicate tangible growth. The pace of growth appeared the most rapid in 2016 an increase of 96%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($14,144 per ton), while the average price for exports to Canada ($3,004 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Almond Imports in the UK
In 2022, approx. 425 tons of almonds were imported into the UK; rising by 60% against the previous year. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 215%. As a result, imports attained the peak of 444 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, almond imports surged to $2M in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 243% against the previous year. As a result, imports attained the peak of $3.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Almond in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.1 | 1,101 | N/A | 1,323 | 354.4% |
| Italy | 77.5 | 0.7 | 84.3 | 301 | 57.2% |
| Spain | 68.9 | 1,734 | 1,021 | 228 | 49.0% |
| Afghanistan | 24.0 | 32.6 | 75.9 | 63.8 | 38.5% |
| Netherlands | 258 | 12.1 | 204 | 28.3 | -52.1% |
| Belgium | 90.4 | 24.6 | 65.1 | N/A | -15.1% |
| Germany | 298 | 3.5 | N/A | N/A | -98.8% |
| Others | 68.4 | 172 | 137 | 46.4 | -12.1% |
| Total | 899 | 3,081 | 1,588 | 1,991 | 30.3% |
Top Suppliers of Almond to the UK in 2022:
- United States (248.2 tons)
- Italy (95.8 tons)
- Spain (54.5 tons)
- Afghanistan (11.4 tons)
- Netherlands (5.2 tons)
Almond Exports in the UK
In 2022, after two years of decline, there was significant growth in overseas shipments of almonds, when their volume increased by 16% to 12 tons. Over the period under review, exports, however, showed a precipitous decrease.
In value terms, almond exports skyrocketed to $135K in 2022. Overall, exports, however, faced a sharp slump.
| Export of Almond in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.0 | 0.1 | 5.1 | 64.1 | 152.1% |
| Austria | N/A | N/A | N/A | 25.6 | 0% |
| Portugal | 45.4 | N/A | N/A | 13.0 | -34.1% |
| Italy | 0.5 | 0.1 | 2.6 | 11.0 | 180.2% |
| Ireland | 427 | 243 | 12.6 | 6.1 | -75.7% |
| France | 218 | N/A | N/A | 5.2 | -71.2% |
| Canada | 2.6 | N/A | N/A | 2.1 | -6.9% |
| Netherlands | 2.6 | N/A | 67.1 | N/A | 408.0% |
| Others | 40.1 | 45.8 | 18.6 | 8.3 | -40.8% |
| Total | 740 | 289 | 106 | 135 | -43.3% |
Top Export Markets for Almond from the UK in 2022:
- United Arab Emirates (4.5 tons)
- Austria (3.2 tons)
- Italy (1.3 tons)
- Portugal (1.1 tons)
- Canada (0.7 tons)
- Ireland (0.7 tons)
- France (0.1 tons)
This report provides an in-depth analysis of the almond market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 221 - Almonds
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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