Japan: Almond Market Overview 2021

Almond Market Size in Japan

The Japanese almond market shrank modestly to $X in 2019, with a decrease of -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 continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2015 when the market value increased by X% against the previous year. Almond consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Almond Exports

Exports from Japan

In 2019, overseas shipments of almonds decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, almond exports shrank significantly to $X in 2019. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for almond exports from Japan, accounting for a X% share of total exports. Moreover, almond exports to Malaysia exceeded the volume sent to the second major destination, Singapore (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Malaysia amounted to -X%.

In value terms, Malaysia ($X) remains the key foreign market for almond exports from Japan, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Malaysia totaled -X%.

Export Prices by Country

The average almond export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the export price saw a mild contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per tonne), while the average price for exports to Malaysia amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia.

Almond Imports

Imports into Japan

In 2019, imports of almonds into Japan dropped to X tonnes, with a decrease of -X% compared with the year before. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2010; however, from 2011 to 2019, imports remained at a lower figure.

In value terms, almond imports reduced to $X in 2019. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main almond supplier to Japan, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. stood at -X%.

In value terms, the U.S. ($X) constituted the largest supplier of almond to Japan.

From 2007 to 2019, the average annual growth rate of value from the U.S. was relatively modest.

Import Prices by Country

The average almond import price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

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The U.S. (1.7M tonnes) constituted the country with the largest volume of almond consumption, accounting for 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. Iran (182K tonnes) ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of almonds in the world?

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The U.S. (1.9M tonnes) constituted the country with the largest volume of almond production, comprising approx. 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. The third position in this ranking was occupied by Iran (177K tonnes), with a 5.1% share.

What are the leading suppliers of almonds to Japan?

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In value terms, the U.S. ($14M) constituted the largest supplier of almond to Japan.

What are the leading importers of almonds from Japan?

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In value terms, Malaysia ($10K) remains the key foreign market for almond exports from Japan, comprising 90% of total exports. The second position in the ranking was occupied by Singapore ($925), with a 8% share of total exports.

What is the average export price for almonds in Japan?

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In 2019, the average almond export price amounted to $7,545 per tonne, which is down by -11.6% against the previous year.

What is the average import price for almonds in Japan?

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The average almond import price stood at $7,103 per tonne in 2019, rising by 8.3% against the previous year.