China: Almond Market 2022

Almond Exports

Exports from China

In 2021, shipments abroad of almonds increased by X% to X tonnes for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports enjoyed notable growth. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. The exports peaked at X tonnes in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, almond exports skyrocketed to $X in 2021. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for almond exports from China, accounting for a X% share of total exports. Moreover, almond exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tonnes), fivefold. Malaysia (X tonnes) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Malaysia (+X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for almond exports from China, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the United States (+X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2021, rising by X% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond export price increased by +X% against 2014 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into China

After four years of growth, supplies from abroad of almonds decreased by -X% to X tonnes in 2021. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2020, and then shrank in the following year.

In value terms, almond imports contracted to $X in 2021. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

The United States (X tonnes), Australia (X tonnes) and Hong Kong SAR (X tonnes) were the main suppliers of almond imports to China, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Hong Kong SAR ($X) constituted the largest almond suppliers to China, with a combined X% share of total imports.

In terms of the main suppliers, Australia, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average almond import price stood at $X per tonne in 2021, waning by -X% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per tonne), while the price for Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform