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

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Global Almond Market Overview 2021

Almond Market Size

In 2020, after four years of growth, there was significant decline in the global almond market, when its value decreased by -X% to $X. In general, the total consumption indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Global consumption peaked at $X in 2019, and then contracted in the following year.

Almond Production

In value terms, almond production declined to $X in 2020 estimated in export prices. Over the period under review, the total production indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the production volume increased by X% against the previous year. Over the period under review, global production attained the peak level at $X in 2019, and then contracted in the following year.

The country with the largest volume of almond production was the U.S. (X tonnes), accounting for X% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (X tonnes), sixfold. Iran (X tonnes) ranked third in terms of total production with a X% share.

In the U.S., almond production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Spain (+X% per year) and Iran (+X% per year).

The global average almond yield reached X tonnes per ha in 2020, remaining stable against 2019. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, the yield reached the peak level of X tonnes per ha. from 2012 to 2020, the growth of the average almond yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the global almond harvested area rose to X ha, growing by X% against 2019 figures. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X% year-to-year. The global harvested area peaked in 2020 and is likely to continue growth in the immediate term.

Production By Country

The U.S. (X tonnes) remains the largest almond producing country worldwide, comprising approx. X% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (X tonnes), sixfold. Iran (X tonnes) ranked third in terms of total production with a X% share.

In the U.S., almond production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Spain (+X% per year) and Iran (+X% per year).

Almond Exports

Exports

In 2020, shipments abroad of almonds increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a buoyant expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, global exports attained the maximum in 2020 and are likely to see gradual growth in years to come.

In value terms, almond exports contracted to $X in 2020. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Global exports peaked at $X in 2019, and then reduced modestly in the following year.

Exports by Country

The U.S. dominates almond exports structure, finishing at X tonnes, which was approx. X% of total exports in 2020. It was distantly followed by Australia (X tonnes), constituting an X% share of total exports. Portugal (X tonnes), the United Arab Emirates (X tonnes), Hong Kong SAR (X tonnes) and Spain (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to almond exports from the U.S. stood at +X%. At the same time, the United Arab Emirates (+X%), Portugal (+X%), Australia (+X%), Spain (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. The U.S. (+X p.p.), Portugal (+X p.p.), Australia (+X p.p.) and the United Arab Emirates (+X p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest almond supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Australia ($X), with a X% share of global exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Over the period under review, export price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, almond export price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2012 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other global leaders experienced more modest paces of growth.

Almond Imports

Imports

Global almond imports surged to X tonnes in 2020, jumping by X% compared with 2019. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum in 2020 and are expected to retain growth in years to come.

In value terms, almond imports amounted to $X in 2020. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Global imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, India (X tonnes) represented the main importer of almonds, comprising X% of total imports. It was distantly followed by China (X tonnes), creating a X% share of total imports. Spain (X tonnes), Turkey (X tonnes), Hong Kong SAR (X tonnes), the United Arab Emirates (X tonnes), Saudi Arabia (X tonnes) and Pakistan (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to almond imports into India stood at +X%. At the same time, China (+X%), Pakistan (+X%), Saudi Arabia (+X%), Spain (+X%), the United Arab Emirates (+X%), Turkey (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. While the share of India (+X p.p.) and China (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported almonds worldwide, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

In India, almond imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: China (+X% per year) and Turkey (+X% per year).

Import Prices by Country

The average almond import price stood at $X per tonne in 2020, declining by -X% against the previous year. Overall, import price indicated a slight increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, almond import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Saudi Arabia ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced more modest paces of growth.

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 exporters of almonds in the world?
+
In value terms, the U.S. ($1.1B) remains the largest almond supplier worldwide, comprising 81% of global exports. The second position in the ranking was occupied by Australia ($109M), with a 8.1% share of global exports. It was followed by the United Arab Emirates, with a 2.6% share.
What are the leading importers of almonds in the world?
+
In value terms, India ($875M) constitutes the largest market for imported almonds worldwide, comprising 65% of global imports. The second position in the ranking was occupied by China ($158M), with a 12% share of global imports. It was followed by Turkey, with a 2.9% share.
What is the average export price for almonds in the world?
+
In 2020, the average almond export price amounted to $3,549 per tonne, waning by -22.3% against the previous year.
What is the average import price for almonds in the world?
+
The average almond import price stood at $3,908 per tonne in 2020, with a decrease of -17.6% against the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the global almond market. 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.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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