Japan: Almond Market Overview 2021

Almond Market Size in Japan

The Japanese almond market reduced to $X in 2020, with a decrease of -X% against the previous year. Overall, consumption continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Almond consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Almond Production in Japan

In value terms, almond production stood at $X in 2020 estimated in export prices. Overall, production posted a prominent expansion. Over the period under review, production hit record highs in 2020 and is likely to see gradual growth in the immediate term.

The average yield of almonds in Japan was estimated at X kg per ha in 2020, flattening at the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The almond harvested area in Japan totaled X ha in 2020, approximately equating 2019. Over the period under review, the harvested area saw a relatively flat trend pattern.

Almond Exports

Exports from Japan

In 2020, overseas shipments of almonds decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, almond exports contracted to $X in 2020. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

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 2020, the average annual rate of growth in terms of volume to Malaysia stood at -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 2020, the average annual growth rate of value to Malaysia amounted to -X%.

Export Prices by Country

The average almond export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, the export price, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Singapore stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia.

Almond Imports

Imports into Japan

In 2020, the amount of almonds imported into Japan contracted significantly to X tonnes, declining by -X% against the previous year's figure. In general, imports recorded a sharp setback. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Imports peaked at X tonnes in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

In value terms, almond imports fell sharply to $X in 2020. Overall, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) was the main almond supplier to Japan, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate 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 2020, the average annual growth rate of value from the U.S. stood at -X%.

Import Prices by Country

The average almond import price stood at $X per tonne in 2020, approximately mirroring the previous year. Overall, the import price, however, saw strong growth. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2016; however, from 2017 to 2020, import prices stood at a somewhat 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 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox 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) remains the largest almond consuming country worldwide, accounting for 48% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (364K tonnes), fivefold. India (218K tonnes) ranked third in terms of total consumption with a 6.1% 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 56% 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 Japan?

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In value terms, the U.S. ($126K) 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 ($9.8K) remains the key foreign market for almond exports from Japan, comprising 96% of total exports. The second position in the ranking was occupied by Singapore ($461), with a 4.5% share of total exports.

What is the average export price for almonds in Japan?

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In 2020, the average almond export price amounted to $7,804 per tonne, picking up by 7.5% 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 $6,468 per tonne in 2020, remaining stable against the previous year.

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