Indonesia: Almond Market Overview 2021

Almond Market Size in Indonesia

In 2020, the Indonesian almond market increased by X% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Almond consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Almond Exports

Exports from Indonesia

In 2020, after three years of growth, there was significant decline in overseas shipments of almonds, when their volume decreased by -X% to X tonnes. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, almond exports soared to $X in 2020. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for almond exports from Indonesia, with a X% share of total exports. Moreover, almond exports to the United Arab Emirates exceeded the volume sent to the second major destination, India (X tonnes), sixfold. The third position in this ranking was occupied by Malaysia (X tonnes), with a X% share.

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

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

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

Export Prices by Country

In 2020, the average almond export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

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

Almond Imports

Imports into Indonesia

In 2020, supplies from abroad of almonds increased by X% to X tonnes, rising for the second consecutive year after five years of decline. Overall, imports, however, showed a drastic downturn. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, almond imports soared to $X in 2020. In general, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of almond to Indonesia, accounting for a X% share of total imports. Moreover, almond imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X tonnes), fourfold. Singapore (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Singapore (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Singapore (+X% per year).

Import Prices by Country

In 2020, the average almond import price amounted to $X per tonne, declining by -X% against the previous year. In general, the import price, however, enjoyed a notable expansion. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Singapore ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced mixed trend patterns.

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, accounting for 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 Indonesia?

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In value terms, the U.S. ($85K) constituted the largest supplier of almond to Indonesia, comprising 59% of total imports. The second position in the ranking was occupied by China ($29K), with a 20% share of total imports. It was followed by Singapore, with a 19% share.

What are the leading importers of almonds from Indonesia?

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In value terms, India ($225K) remains the key foreign market for almond exports from Indonesia, comprising 92% of total exports. The second position in the ranking was occupied by Malaysia ($7.7K), with a 3.1% share of total exports. It was followed by the United Arab Emirates, with a 2.5% share.

What is the average export price for almonds in Indonesia?

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In 2020, the average almond export price amounted to $9,904 per tonne, surging by 34% against the previous year.

What is the average import price for almonds in Indonesia?

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In 2020, the average almond import price amounted to $3,494 per tonne, dropping by -2.6% against the previous year.