Latest Report Update: Dec 24, 2021

China - Almonds - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?
+
The country with the largest volume of almond consumption was the U.S. (1.7M tonnes), comprising approx. 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?
+
The U.S. (2M tonnes) remains the largest almond producing country worldwide, 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. The third position in this ranking was occupied by Iran (179K tonnes), with a 4.9% share.
What are the leading suppliers of almonds to China?
+
In value terms, the largest almond suppliers to China were the U.S. ($104M) and Australia ($53M).
What are the leading importers of almonds from China?
+
In value terms, the largest markets for almond exported from China were Australia ($269K), Hong Kong SAR ($185K) and the U.S. ($73K).
What is the average export price for almonds in China?
+
The average almond export price stood at $4,202 per tonne in 2020, waning by -8.5% against the previous year.
What is the average import price for almonds in China?
+
The average almond import price stood at $3,446 per tonne in 2020, which is down by -38.5% against the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the almond market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast to 2030
Figure 9:
Products: Market Size and Growth, by Type
Figure 10:
Products: Average Per Capita Consumption, by Type
Figure 11:
Products: Exports and Growth, by Type
Figure 12:
Products: Export Prices and Growth, by Type
Figure 13:
Production Volume and Growth
Figure 14:
Yield and Growth
Figure 15:
Exports and Growth
Figure 16:
Export Prices and Growth
Figure 17:
Market Size and Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports and Growth
Figure 20:
Import Prices
Figure 21:
Production, in Physical Terms, 2007–2020
Figure 22:
Production, in Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, in Physical Terms, 2007–2020
Figure 26:
Imports, in Value Terms, 2007–2020
Figure 27:
Imports, in Physical Terms, by Country, 2020
Figure 28:
Imports, in Physical Terms, by Country, 2007–2020
Figure 29:
Imports, in Value Terms, by Country, 2007–2020
Figure 30:
Import Prices, by Country of Origin, 2007–2020
Figure 31:
Exports, in Physical Terms, 2007–2020
Figure 32:
Exports, in Value Terms, 2007–2020
Figure 33:
Exports, in Physical Terms, by Country, 2020
Figure 34:
Exports, in Physical Terms, by Country, 2007–2020
Figure 35:
Exports, in Value Terms, by Country, 2007–2020
Figure 36:
Export Prices, by Country of Destination, 2007–2020
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