Australia and Oceania: Almond Market 2024

Almond Market Size in Australia and Oceania

In 2022, after three years of growth, there was significant decline in the almond market in Australia and Oceania, when its value decreased by X% to $X. The total consumption indicated a prominent 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. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

Almond Production in Australia and Oceania

In value terms, almond production shrank modestly to $X in 2022 estimated in export price. The total production indicated strong 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. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Australia (X tons) constituted the country with the largest volume of almond production, accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia stood at X%.

In 2022, the average yield of almonds in Australia and Oceania declined modestly to X tons per ha, leveling off at the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The almond harvested area contracted modestly to X ha in 2022, with a decrease of X% on 2021 figures. Overall, the harvested area, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

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Almond Exports

Exports in Australia and Oceania

In 2022, almond exports in Australia and Oceania contracted modestly to X tons, which is down by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, almond exports totaled $X in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of almonds, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the almonds exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest almond supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Almond Imports

Imports in Australia and Oceania

In 2022, overseas purchases of almonds decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, almond imports skyrocketed to $X in 2022. Overall, imports, however, showed perceptible growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand represented the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Australia (X tons), Fiji (X tons), French Polynesia (X tons) and Papua New Guinea (X tons), together constituting a X% share of total imports. Micronesia (X tons) held a relatively small share of total imports.

New Zealand was also the fastest-growing in terms of the almonds imports, with a CAGR of X% from 2012 to 2022. At the same time, Fiji (X%), French Polynesia (X%) and Papua New Guinea (X%) displayed positive paces of growth. By contrast, Australia (X%) and Micronesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand, Fiji and French Polynesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported almonds in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with a X% share of total imports. It was followed by French Polynesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand totaled X%. In the other countries, the average annual rates were as follows: Fiji (X% per year) and French Polynesia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Fiji ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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