India: Almond Market 2022

Almond Exports

Exports from India

After two years of decline, shipments abroad of almonds increased by X% to X tonnes in 2021. Overall, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, almond exports surged to $X in 2021. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tonnes) was the main destination for almond exports from India, with a X% share of total exports. Moreover, almond exports to New Zealand exceeded the volume sent to the second major destination, the UK (X tonnes), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to New Zealand totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Tanzania (+X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for almond exports from India, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Zealand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Tanzania (+X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2021, which is down by -X% against the previous year. Overall, the export price, however, showed a slight expansion. The growth pace was the most rapid in 2019 when the average export price increased by X% year-to-year. As a result, the export price attained the peak level of $X per tonne. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per tonne), while the average price for exports to New Zealand ($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 Tanzania (+X%), while the prices for the other major destinations experienced a decline.

Almond Imports

Imports into India

In 2021, approx. X tonnes of almonds were imported into India; leveling off at 2020 figures. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, almond imports declined slightly to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value 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, imports increased by +X% against 2012 indices. 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 at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, the United States (X tonnes) constituted the largest supplier of almond to India, with a X% share of total imports. Moreover, almond imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +X%.

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

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +X%.

Import Prices by Country

In 2021, the average almond import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%).

Source: IndexBox Platform