India: Almond Market Overview 2021

Almond Market Size in India

The Indian almond market expanded markedly to $X in 2020, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a strong increase. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the market attained the peak level in 2020 and is likely to see steady growth in years to come.

Almond Exports

Exports from India

In 2020, shipments abroad of almonds decreased by -X% to X tonnes, falling for the third year in a row after three years of growth. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, almond exports reduced remarkably to $X in 2020. Overall, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for almond exports from India, accounting for a X% share of total exports. Moreover, almond exports to the United Arab Emirates exceeded the volume sent to the second major destination, Australia (X tonnes), threefold. Kenya (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Kenya (+X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for almond exports from India, comprising X% of total exports. The second position in the ranking was occupied by Kenya ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+X% per year) and Australia (X% per year).

Export Prices by Country

In 2020, the average almond export price amounted to $X per tonne, waning by -X% against the previous year. In general, the export price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. The export price peaked at $X per tonne in 2019, and then declined in the following year.

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

Almond Imports

Imports into India

In 2020, the amount of almonds imported into India soared to X tonnes, surging by X% compared with the previous year's figure. In general, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, almond imports expanded sharply to $X in 2020. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of almond to India, accounting for 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), more than tenfold.

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

In value terms, the U.S. ($X) constituted the largest supplier of almond to India, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2020, the average almond import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

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The country with the largest volume of almond consumption was the U.S. (1.7M tonnes), accounting for 47% 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% share.

What are the largest producers of almonds in the world?

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The U.S. (2M tonnes) remains the largest almond producing country worldwide, comprising approx. 55% 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 India?

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In value terms, the U.S. ($798M) constituted the largest supplier of almond to India, comprising 91% of total imports. The second position in the ranking was occupied by Australia ($54M), with a 6.2% share of total imports.

What are the leading importers of almonds from India?

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In value terms, the United Arab Emirates ($226K) remains the key foreign market for almond exports from India, comprising 40% of total exports. The second position in the ranking was occupied by Kenya ($79K), with a 14% share of total exports. It was followed by Australia, with a 12% share.

What is the average export price for almonds in India?

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The average almond export price stood at $5,779 per tonne in 2020, which is down by -11.1% against the previous year.

What is the average import price for almonds in India?

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The average almond import price stood at $4,011 per tonne in 2020, falling by -19.2% against the previous year.