Canada: Almond Market Overview 2021

Almond Market Size in Canada

In 2019, the Canadian almond market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Almond Production in Canada

In value terms, almond production fell notably to $X in 2019 estimated in export prices. Over the period under review, production, however, recorded temperate growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2018, and then fell remarkably in the following year.

In 2019, the average almond yield in Canada totaled X kg per ha, leveling off at the year before. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of almonds production in Canada was estimated at X ha, therefore, remained relatively stable against 2018. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Almond Exports

Exports from Canada

Almond exports from Canada fell to X tonnes in 2019, waning by -X% on the previous year. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes, and then dropped in the following year.

In value terms, almond exports fell slightly to $X in 2019. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of $X, and then declined in the following year.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for almond exports from Canada, with a X% share of total exports. Moreover, almond exports to Hong Kong SAR exceeded the volume sent to the second major destination, India (X tonnes), sixfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +X%.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for almond exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +X%.

Export Prices by Country

The average almond export price stood at $X per tonne in 2019, leveling off at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; afterwards, it flattened through to 2019.

Average prices varied noticeably for the major external markets. In 2019, the country with the highest price was India ($X per tonne), while the average price for exports to Hong Kong SAR stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR.

Almond Imports

Imports into Canada

In 2019, supplies from abroad of almonds increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, imports posted strong growth. Over the period under review, imports reached the maximum at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, almond imports surged to $X in 2019. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of almond to Canada, with a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of almond to Canada.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. stood at +X%.

Import Prices by Country

The average almond import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

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The U.S. (1.7M tonnes) remains the largest almond consuming country worldwide, accounting for 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. The third position in this ranking was occupied by Iran (182K tonnes), with a 5.3% share.

What are the largest producers of almonds in the world?

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The U.S. (1.9M tonnes) remains the largest almond producing country worldwide, comprising approx. 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. The third position in this ranking was occupied by Iran (177K tonnes), with a 5.1% share.

What are the leading suppliers of almonds to Canada?

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In value terms, the U.S. ($6.3M) constituted the largest supplier of almond to Canada.

What are the leading importers of almonds from Canada?

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In value terms, Hong Kong SAR ($2.6M) emerged as the key foreign market for almond exports from Canada, comprising 85% of total exports. The second position in the ranking was occupied by India ($465K), with a 15% share of total exports.

What is the average export price for almonds in Canada?

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In 2019, the average almond export price amounted to $4,842 per tonne, remaining stable against the previous year.

What is the average import price for almonds in Canada?

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In 2019, the average almond import price amounted to $5,364 per tonne, picking up by 15% against the previous year.