China: Almond Market Overview 2021

Almond Market Size in China

The Chinese almond market soared to $X in 2020, growing by X% against the previous year. in general, consumption saw a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Almond Production in China

In value terms, almond production amounted to $X in 2020 estimated in export prices. Overall, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Almond production peaked in 2020 and is likely to see gradual growth in the near future.

In 2020, the average almond yield in China expanded modestly to X tonnes per ha, picking up by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 when the yield increased by X% year-to-year. Over the period under review, the average almond yield attained the peak level in 2020 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of almonds production in China totaled X ha, almost unchanged from 2019 figures. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the harvested area increased by X% year-to-year. The almond harvested area peaked at X ha in 2012; however, from 2013 to 2020, the harvested area remained at a lower figure.

Almond Exports

Exports from China

In 2020, exports of almonds from China dropped sharply to X tonnes, declining by -X% compared with the previous year. in general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, almond exports contracted markedly to $X in 2020. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Hong Kong SAR (X tonnes), Australia (X tonnes) and the U.S. (X tonnes) were the main destinations of almond exports from China.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia, while exports for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), Hong Kong SAR ($X) and the U.S. ($X) constituted the largest markets for almond exported from China worldwide.

Australia recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average almond export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2009 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2019, and then dropped in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per tonne), while the average price for exports to Hong Kong SAR ($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 Australia, while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into China

In 2020, almond imports into China soared to X tonnes, growing by X% against the previous year's figure. in general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, almond imports skyrocketed to $X in 2020. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to continue growth in the immediate term.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of almond to China, with a X% share of total imports. Moreover, almond imports from the U.S. exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%.

In value terms, the largest almond suppliers to China were the U.S. ($X) and Australia ($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 tonne in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price, however, showed a pronounced expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2019, and then declined rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. in 2020, the country with the highest price was Australia ($X per tonne), while the price for the U.S. stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Source: IndexBox Platform