Australia: Almond Market 2024

Almond Market Size in Australia

After three years of growth, the Australian almond market decreased by X% to $X in 2022. Over the period under review, the total consumption indicated prominent growth 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. Almond consumption peaked at $X in 2021, and then declined in the following year.

Almond Production in Australia

In value terms, almond production shrank slightly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Almond production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of almonds in Australia contracted to X tons per ha in 2022, flattening at the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The almond yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of almonds in Australia declined to X ha, which is down by X% on the year before. Over the period under review, the harvested area, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 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 2021, and then contracted slightly in the following year.

Almond Exports

Exports from Australia

In 2022, approx. X tons of almonds were exported from Australia; declining by X% on the previous year's figure. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, almond exports totaled $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for almond exports from Australia, accounting for a X% share of total exports. Moreover, almond exports to China exceeded the volume sent to the second major destination, India (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%.

In value terms, China ($X) remains the key foreign market for almonds exports from Australia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%.

Export Prices by Country

In 2022, the average almond export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%).

Almond Imports

Imports into Australia

In 2022, supplies from abroad of almonds decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, almond imports contracted rapidly to $X in 2022. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Pakistan (X tons) and Afghanistan (X tons) were the main suppliers of almond imports to Australia.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of X%).

In value terms, the largest almond suppliers to Australia were Afghanistan ($X) and Pakistan ($X).

Afghanistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average almond import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Afghanistan ($X per ton), while the price for Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :