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Northern America - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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Northern America: Almond Market Overview 2021

Almond Market Size in Northern America

In 2019, the North American almond market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The total consumption indicated a buoyant increase from 2007 to 2019: its value 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, consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.

Almond Production in Northern America

In value terms, almond production rose markedly to $X in 2019 estimated in export prices. Overall, production enjoyed a strong increase. The pace of growth was the most pronounced in 2011 when the production volume increased by X% year-to-year. The level of production peaked in 2019 and is likely to continue growth in years to come.

The U.S. (X tonnes) constituted the country with the largest volume of almond production, comprising approx. X% of total volume.

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

In 2019, the average yield of almonds in Northern America was estimated at X tonnes per ha, increasing by X% against the previous year's figure. Over the period under review, the yield, however, saw a mild decline. The pace of growth was the most pronounced in 2011 when the yield increased by X% year-to-year. As a result, the yield reached the peak level of X tonnes per ha. From 2012 to 2019, the growth of the almond yield remained at a somewhat lower figure. 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 totaled X ha in 2019, growing by X% compared with the previous year. The total harvested area indicated a strong expansion from 2007 to 2019: its figure 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 harvested area increased by +X% against 2007 indices. As a result, the harvested area reached the peak level and is likely to continue growth in the immediate term.

Production By Country in Northern America

The U.S. (X tonnes) constituted the country with the largest volume of almond production, comprising approx. X% of total volume.

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

Almond Exports

Exports in Northern America

In 2019, shipments abroad of almonds was finally on the rise to reach X tonnes after two years of decline. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, almond exports stood at $X in 2019. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

The shipments of the one major exporters of almonds, namely the U.S., represented more than two-thirds of total export.

The U.S. was also the fastest-growing in terms of the almonds exports, with a CAGR of +X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) also remains the largest almond supplier in Northern America.

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

Export Prices by Country

The almond export price in Northern America stood at $X per tonne in 2019, leveling off at the previous year. Export price indicated noticeable 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 growth pace was the most rapid in 2013 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

As there is only one major export destination, 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.

Almond Imports

Imports in Northern America

In 2019, supplies from abroad of almonds was finally on the rise to reach X tonnes after three years of decline. Over the period under review, imports continue to indicate a prominent increase. Over the period under review, imports reached the maximum at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, almond imports skyrocketed to $X in 2019. Overall, imports enjoyed a prominent expansion. The level of import peaked at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the U.S. (X tonnes) and Canada (X tonnes) was the key importer of almonds in Northern America, creating X% of total import.

From 2007 to 2019, the biggest increases were in the U.S..

In value terms, the U.S. ($X) and Canada ($X) were the countries with the highest levels of imports in 2019, together accounting for X% of total imports.

The U.S. recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2019, the almond import price in Northern America amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while Canada stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in Northern America?
+
The U.S. (1.7M tonnes) constituted the country with the largest volume of almond consumption, comprising approx. 100% of total volume.
What are the largest producers of almonds in Northern America?
+
The U.S. (1.9M tonnes) remains the largest almond producing country in Northern America, comprising approx. 100% of total volume.
What are the leading exporters of almonds in Northern America?
+
In value terms, the U.S. ($1B) remains the largest almond supplier in Northern America.
What are the leading importers of almonds in Northern America?
+
In value terms, the U.S. ($7.4M) and Canada ($6.4M) were the countries with the highest levels of imports in 2019, together comprising 100% of total imports.
What is the average export price for almonds in Northern America?
+
The almond export price in Northern America stood at $4,858 per tonne in 2019, stabilizing at the previous year.
What is the average import price for almonds in Northern America?
+
In 2019, the almond import price in Northern America amounted to $5,550 per tonne, with an increase of 1.7% against the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the almond market in Northern America. 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:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Northern America, split by region and country
• Trade (exports and imports) in Northern America
• 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

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
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

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