MERCOSUR: Almond Market 2024

Almond Market Size in MERCOSUR

The MERCOSUR almond market dropped to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Almond Production in MERCOSUR

In value terms, almond production dropped notably to $X in 2022 estimated in export price. Overall, production recorded a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

From 2012 to 2022, the average annual growth rate of volume in Chile stood at X%.

In 2022, the average almond yield in MERCOSUR shrank slightly to X tons per ha, leveling off at the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then reduced slightly in the following year. 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 reduced modestly to X ha in 2022, which is down by X% against the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021, and then reduced slightly in the following year.

Almond Exports

Exports in MERCOSUR

In 2022, approx. X tons of almonds were exported in MERCOSUR; dropping by X% against 2021. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, almond exports contracted dramatically to $X in 2022. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil represented the key exporting country with an export of about X tons, which amounted to X% of total exports. Ecuador (X tons) held the second position in the ranking, followed by Chile (X tons). All these countries together took near X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X) emerged as the largest almond supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

In Brazil, almond exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Almond Imports

Imports in MERCOSUR

Almond imports shrank rapidly to X tons in 2022, which is down by X% against 2021 figures. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, almond imports declined sharply to $X in 2022. In general, imports recorded a perceptible slump. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, Chile (X tons) was the largest importer of almonds, constituting X% of total imports. Brazil (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%). Venezuela (X tons) took a little share of total imports.

Chile was also the fastest-growing in terms of the almonds imports, with a CAGR of X% from 2012 to 2022. Brazil (X%), Venezuela (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile increased by X percentage points.

In value terms, Chile ($X) constitutes the largest market for imported almonds in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Venezuela, with a X% share.

From 2012 to 2022, 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 Venezuela (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, shrinking by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, almond import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Venezuela ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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