Report U.S. - Almonds - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 21, 2023

U.S. - Almonds - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)

U.S.: Almond Market 2023

Almond Market Size in the U.S.

The U.S. almond market totaled $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Almond consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Almond Production in the U.S.

In value terms, almond production expanded modestly to $X in 2021. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Almond production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

In 2021, the average yield of almonds in the United States reduced to X tons per ha, with a decrease of -6.3% against the previous year. Overall, the yield recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Over the period under review, the average almond yield hit record highs at X tons per ha in 2013; however, from 2014 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of almonds production in the United States shrank to X ha, waning by -2.8% compared with the year before. The harvested area increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 8.3% against the previous year. Over the period under review, the harvested area dedicated to almond production attained the maximum at X ha in 2020, and then shrank in the following year.

Almond Exports

Exports from the U.S.

In 2021, after two years of growth, there was significant decline in overseas shipments of almonds, when their volume decreased by -7% to X tons. Overall, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.5% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, almond exports rose modestly to $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 9.8% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for almond exports from the United States, accounting for a 68% share of total exports. Moreover, almond exports to India exceeded the volume sent to the second major destination, China (X tons), fivefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.4% per year) and Hong Kong SAR (-16.4% per year).

In value terms, India ($X) remains the key foreign market for almond exports from the United States, comprising 69% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.8% per year) and Hong Kong SAR (-14.8% per year).

Export Prices by Country

In 2021, the average almond export price amounted to $X per ton, growing by 12% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 21% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Vietnam ($X per ton) and Japan ($X per ton), while the average price for exports to Turkey ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into the U.S.

In 2021, approx. X tons of almonds were imported into the United States; rising by 372% against the previous year's figure. In general, imports, however, recorded a noticeable decline. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, almond imports soared to $X in 2021. Over the period under review, imports showed significant growth. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of almond to the United States, accounting for a 56% share of total imports. Moreover, almond imports from Australia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Australia stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+43.8% per year) and Spain (+24.4% per year).

In value terms, Australia ($X) constituted the largest supplier of almond to the United States, comprising 70% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Spain, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia totaled +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+45.3% per year) and Spain (+43.0% per year).

Import Prices by Country

The average almond import price stood at $X per ton in 2021, jumping by 22% against the previous year. Over the period under review, the import price enjoyed a significant increase. The growth pace was the most rapid in 2015 an increase of 161%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+38.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?
+
The country with the largest volume of almond consumption was the United States, comprising approx. 48% of total volume. Moreover, almond consumption in the United States exceeded the figures recorded by the second-largest consumer, Spain, fivefold. The third position in this ranking was held by India, with a 5.6% share.
What are the largest producers of almonds in the world?
+
The United States remains the largest almond producing country worldwide, accounting for 55% of total volume. Moreover, almond production in the United States exceeded the figures recorded by the second-largest producer, Spain, sixfold. Australia ranked third in terms of total production with a 5.5% share.
What are the leading suppliers of almonds to the U.S.?
+
In value terms, Australia constituted the largest supplier of almond to the United States, comprising 70% of total imports. The second position in the ranking was taken by the United Arab Emirates, with a 14% share of total imports. It was followed by Spain, with a 9.6% share.
What are the leading importers of almonds from the U.S.?
+
In value terms, India remains the key foreign market for almond exports from the United States, comprising 69% of total exports. The second position in the ranking was held by China, with a 13% share of total exports. It was followed by Hong Kong SAR, with a 5.4% share.
What is the average export price for almonds in the U.S.?
+
The average almond export price stood at $4,114 per ton in 2021, picking up by 12% against the previous year.
What is the average import price for almonds in the U.S.?
+
In 2021, the average almond import price amounted to $8,187 per ton, with an increase of 22% against the previous year.

This report provides an in-depth analysis of the almond market in the U.S.. 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 2030.


Product coverage:
• FCL 221 - Almonds
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Area Harvested, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET