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U.S. - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Almond Market Overview 2021

Almond Market Size in the U.S.

After four years of growth, the U.S. almond market decreased by -X% to $X in 2020. Over the period under review, the total consumption indicated tangible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Almond consumption peaked at $X in 2019, and then contracted notably in the following year.

Almond Production in the U.S.

In value terms, almond production contracted dramatically to $X in 2020. in general, production saw a pronounced increase. The growth pace was the most rapid in 2011 when the production volume increased by X% against the previous year. Almond production peaked at $X in 2019, and then declined remarkably in the following year.

The average yield of almonds in the U.S. reduced to X tonnes per ha in 2020, stabilizing at the previous year. Over the period under review, the yield continues to indicate a mild descent. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, the yield attained the peak level of X tonnes per ha. from 2012 to 2020, the growth of the average 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.

In 2020, the almond harvested area in the U.S. expanded rapidly to X ha, with an increase of X% against 2019 figures. Overall, the total harvested area indicated a remarkable increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, almond harvested area increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2019 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to almond production attained the peak figure in 2020 and is expected to retain growth in the immediate term.

Almond Exports

Exports from the U.S.

In 2020, shipments abroad of almonds increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2009 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, almond exports expanded slightly to $X in 2020. Over the period under review, exports saw a prominent increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

India (X tonnes) was the main destination for almond exports from the U.S., with a X% share of total exports. Moreover, almond exports to India exceeded the volume sent to the second major destination, China (X tonnes), sevenfold. Hong Kong SAR (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Hong Kong SAR (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

In 2020, the average almond export price amounted to $X per tonne, shrinking by -X% against the previous year. in general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. in 2020, the countries with the highest prices were India ($X per tonne) and the United Arab Emirates ($X per tonne), while the average price for exports to Turkey ($X per tonne) and Hong Kong SAR ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into the U.S.

In 2020, after two years of growth, there was significant decline in supplies from abroad of almonds, when their volume decreased by -X% to X tonnes. in general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, almond imports contracted rapidly to $X in 2020. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Australia (X tonnes) constituted the largest almond supplier to the U.S., accounting for a X% share of total imports. Moreover, almond imports from Australia exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), more than tenfold. Viet Nam (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Viet Nam (X% per year).

In value terms, Australia ($X) constituted the largest supplier of almond to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Viet Nam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Viet Nam (X% per year).

Import Prices by Country

The average almond import price stood at $X per tonne in 2020, jumping by X% against the previous year. in general, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. in 2020, the countries with the highest prices were Australia ($X per tonne) and Viet Nam ($X per tonne), while the price for China ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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 U.S. (1.7M tonnes), comprising approx. 48% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (364K tonnes), fivefold. The third position in this ranking was occupied by India (218K tonnes), with a 6.1% share.
What are the largest producers of almonds in the world?
+
The country with the largest volume of almond production was the U.S. (2M tonnes), 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. The third position in this ranking was occupied by Iran (179K tonnes), with a 4.9% share.
What are the leading suppliers of almonds to the U.S.?
+
In value terms, Australia ($3M) constituted the largest supplier of almond to the U.S., comprising 90% of total imports. The second position in the ranking was occupied by Spain ($220K), with a 6.7% share of total imports. It was followed by Viet Nam, with a 2.2% share.
What are the leading importers of almonds from the U.S.?
+
In value terms, India ($808M) remains the key foreign market for almond exports from the U.S., comprising 74% of total exports. The second position in the ranking was occupied by China ($110M), with a 10% share of total exports. It was followed by Hong Kong SAR, with a 3.7% share.
What is the average export price for almonds in the U.S.?
+
In 2020, the average almond export price amounted to $3,676 per tonne, dropping by -24.3% against the previous year.
What is the average import price for almonds in the U.S.?
+
The average almond import price stood at $6,747 per tonne in 2020, with an increase of 18% against the previous year.

Product coverage:
• FCL 221 - Almonds

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 2025.


Country coverage:
• USA

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
GLOSSARY AND SPECIFIC TERMS
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 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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 22:
Production, in Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, in Physical Terms, 2007–2020
Figure 26:
Imports, in Value Terms, 2007–2020
Figure 27:
Imports, in Physical Terms, by Country, 2020
Figure 28:
Imports, in Physical Terms, by Country, 2007–2020
Figure 29:
Imports, in Value Terms, by Country, 2007–2020
Figure 30:
Import Prices, by Country of Origin, 2007–2020
Figure 31:
Exports, in Physical Terms, 2007–2020
Figure 32:
Exports, in Value Terms, 2007–2020
Figure 33:
Exports, in Physical Terms, by Country, 2020
Figure 34:
Exports, in Physical Terms, by Country, 2007–2020
Figure 35:
Exports, in Value Terms, by Country, 2007–2020
Figure 36:
Export Prices, by Country of Destination, 2007–2020
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