Latest Report Update: Apr 15, 2021

Latin America and the Caribbean - Almonds - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Latin America and the Caribbean: Almond Market Overview 2021

Almond Market Size in Latin America and the Caribbean

In 2019, after two years of growth, there was decline in the Latin American almond market, when its value decreased by -X% to $X. Overall, consumption showed buoyant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2018, and then reduced modestly in the following year.

Almond Production in Latin America and the Caribbean

In value terms, almond production contracted to $X in 2019 estimated in export prices. In general, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2018, and then contracted in the following year.

The country with the largest volume of almond production was Chile (X tonnes), comprising approx. X% of total volume. It was followed by Argentina (X tonnes), with a X% share of total production.

From 2007 to 2019, the average annual growth rate of volume in Chile totaled +X%.

In 2019, the average yield of almonds in Latin America and the Caribbean rose modestly to X tonnes per ha, increasing by X% compared with the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the yield increased by X% year-to-year. Over the period under review, the almond yield reached the peak level in 2019 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of almonds production in Latin America and the Caribbean was estimated at X ha, remaining stable against the year before. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the harvested area increased by X% year-to-year. The level of harvested area peaked in 2019 and is expected to retain growth in the immediate term.

Production By Country in Latin America and the Caribbean

The country with the largest volume of almond production was Chile (X tonnes), comprising approx. X% of total volume. It was followed by Argentina (X tonnes), with a X% share of total production.

In Chile, almond production expanded at an average annual rate of +X% over the period from 2007-2019.

Almond Exports

Exports in Latin America and the Caribbean

Almond exports surged to X tonnes in 2019, rising by X% against 2018. Over the period under review, exports saw a measured expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2009; however, from 2010 to 2019, exports failed to regain the momentum.

In value terms, almond exports skyrocketed to $X in 2019. In general, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2019, exports remained at a lower figure.

Exports by Country

Chile represented the main exporting country with an export of about X tonnes, which reached X% of total exports. Brazil (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Guatemala (X%). Bolivia (X tonnes) followed a long way behind the leaders.

Exports from Chile increased at an average annual rate of +X% from 2007 to 2019. At the same time, Guatemala (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Brazil experienced a relatively flat trend pattern. By contrast, Bolivia (-X%) illustrated a downward trend over the same period. Brazil (+X p.p.), Chile (+X p.p.), Guatemala (+X p.p.) and Bolivia (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest almond supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Chile amounted to +X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Guatemala (+X% per year).

Export Prices by Country

The almond export price in Latin America and the Caribbean stood at $X per tonne in 2019, stabilizing at the previous year. Export price indicated pronounced growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, almond export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Brazil ($X per tonne), while Bolivia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bolivia, while the other leaders experienced more modest paces of growth.

Almond Imports

Imports in Latin America and the Caribbean

In 2019, purchases abroad of almonds increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, almond imports skyrocketed to $X in 2019. Total imports indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked in 2019 and is expected to retain growth in years to come.

Imports by Country

Bolivia was the key importer of almonds in Latin America and the Caribbean, with the volume of imports resulting at X tonnes, which was near X% of total imports in 2019. It was distantly followed by Colombia (X tonnes), Mexico (X tonnes) and the Dominican Republic (X tonnes), together mixing up a X% share of total imports. The following importers - Brazil (X tonnes), Peru (X tonnes) and Venezuela (X tonnes) - together made up X% of total imports.

From 2007 to 2019, average annual rates of growth with regard to almond imports into Bolivia stood at -X%. At the same time, Colombia (+X%), Venezuela (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. The Dominican Republic experienced a relatively flat trend pattern. By contrast, Mexico (-X%) and Brazil (-X%) illustrated a downward trend over the same period. While the share of Colombia (+X p.p.), Peru (+X p.p.) and Venezuela (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Brazil (-X p.p.), Mexico (-X p.p.) and Bolivia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest almond importing markets in Latin America and the Caribbean were Colombia ($X), Mexico ($X) and Bolivia ($X), together comprising X% of total imports.

Among the main importing countries, Colombia saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The almond import price in Latin America and the Caribbean stood at $X per tonne in 2019, surging by X% against the previous year. Import price indicated resilient growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, almond import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked in 2019 and is likely to continue growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per tonne), while Bolivia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Peru, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in LatAmerica and the Caribbean?
+
The country with the largest volume of almond consumption was Chile (39K tonnes), comprising approx. 91% of total volume. Moreover, almond consumption in Chile exceeded the figures recorded by the second-largest consumer, Bolivia (1.5K tonnes), more than tenfold. Argentina (815 tonnes) ranked third in terms of total consumption with a 1.9% share.
What are the largest producers of almonds in LatAmerica and the Caribbean?
+
The country with the largest volume of almond production was Chile (39K tonnes), comprising approx. 98% of total volume. It was followed by Argentina (812 tonnes), with a 2% share of total production.
What are the leading suppliers of almonds in LatAmerica and the Caribbean?
+
In value terms, Chile ($884K) remains the largest almond supplier in Latin America and the Caribbean, comprising 66% of total exports. The second position in the ranking was occupied by Brazil ($202K), with a 15% share of total exports. It was followed by Guatemala, with a 14% share.
What are the leading importers of almonds in LatAmerica and the Caribbean?
+
In value terms, the largest almond importing markets in Latin America and the Caribbean were Colombia ($3.2M), Mexico ($1.7M) and Bolivia ($1.1M), together accounting for 65% of total imports.
What is the average export price for almonds in LatAmerica and the Caribbean?
+
In 2019, the almond export price in Latin America and the Caribbean amounted to $5,653 per tonne, remaining relatively unchanged against the previous year.
What is the average import price for almonds in LatAmerica and the Caribbean?
+
The almond import price in Latin America and the Caribbean stood at $3,035 per tonne in 2019, growing by 15% against the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the almond market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

Webinar: Global Graphite Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global graphite market.



Tuesday, May 18th, 2021 @ 04:00 pm ET


Register

Webinar: Global Coal Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global сoal market.



Tuesday, June 1st, 2021 @ 04:00 pm ET


Register

Webinar: Global Biodiesel Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global biodiesel market.



Thursday, June 10th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data