Canada: Almond Market Overview 2021

Almond Market Size in Canada

In 2020, the Canadian almond market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Almond consumption peaked in 2020 and is likely to see gradual growth in years to come.

Almond Production in Canada

In value terms, almond production stood at $X in 2020 estimated in export prices. In general, production continues to indicate significant growth. Almond production peaked in 2020 and is expected to retain growth in the immediate term.

The average yield of almonds in Canada totaled X kg per ha in 2020, stabilizing at the previous year. Over the period under review, the yield continues to indicate 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.

The almond harvested area in Canada totaled X ha in 2020, therefore, remained relatively stable against the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.

Almond Exports

Exports from Canada

In 2020, after four years of growth, there was significant decline in shipments abroad of almonds, when their volume decreased by -X% to X tonnes. In general, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tonnes in 2019, and then shrank dramatically in the following year.

In value terms, almond exports reduced sharply to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then reduced dramatically in the following year.

Exports by Country

Mexico (X tonnes) was the main destination for almond exports from Canada, with a X% share of total exports. Moreover, almond exports to Mexico exceeded the volume sent to the second major destination, China (X tonnes), more than tenfold. The third position in this ranking was occupied by the U.S. (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the U.S. (-X% per year).

It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and China (X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2020, jumping by X% against the previous year. Over the period under review, the export price saw pronounced growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Canada

In 2020, purchases abroad of almonds decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, almond imports dropped to $X in 2020. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of almond to Canada, accounting for a approx. X% share of total imports.

From 2007 to 2020, 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 2020, the average annual growth rate of value from the U.S. amounted to +X%.

Import Prices by Country

In 2020, the average almond import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is expected to retain growth in years to come.

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

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox 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 48% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (364K tonnes), fivefold. The third position in this ranking was occupied by India (218K tonnes), with a 6.1% share.

What are the largest producers of almonds in the world?

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The U.S. (2M tonnes) constituted the country with the largest volume of almond production, comprising approx. 56% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (358K tonnes), sixfold. Iran (179K tonnes) ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of almonds to Canada?

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In value terms, the U.S. ($5.9M) constituted the largest supplier of almond to Canada.

What are the leading importers of almonds from Canada?

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It was followed by China, with a 1.7% share.

What is the average export price for almonds in Canada?

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The average almond export price stood at $7,005 per tonne in 2020, growing by 74% against the previous year.

What is the average import price for almonds in Canada?

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In 2020, the average almond import price amounted to $5,822 per tonne, increasing by 6.7% against the previous year.

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