Asia: Almond Market 2024

Almond Market Size in Asia

For the sixth consecutive year, the Asian almond market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Almond Production in Asia

In value terms, almond production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Iran (X tons) and Syrian Arab Republic (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average almond yield in Asia stood at X tons per ha, leveling off at 2021 figures. The yield indicated pronounced growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, almond yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of almonds production in Asia dropped slightly to X ha, approximately equating the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to almond production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Almond Exports

Exports in Asia

In 2022, shipments abroad of almonds increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, almond exports surged to $X in 2022. Overall, exports, however, recorded a deep slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the main exporter of almonds, making up X% of total exports. It was distantly followed by Hong Kong SAR (X tons) and Afghanistan (X tons), together achieving a X% share of total exports. Turkey (X tons), India (X tons), Lebanon (X tons) and Azerbaijan (X tons) held a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), India (X%), Turkey (X%), Afghanistan (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Afghanistan, Turkey, India, Lebanon and Azerbaijan increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest almond supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Afghanistan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Afghanistan (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Almond Imports

Imports in Asia

In 2022, purchases abroad of almonds increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Overall, imports saw strong growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, almond imports expanded rapidly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

India was the major importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by China (X tons), mixing up a X% share of total imports. The following importers - the United Arab Emirates (X tons) and Turkey (X tons) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported almonds in Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: China (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and the United Arab Emirates ($X per ton), while Turkey ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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