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World - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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Global Almond Market Overview 2020

Almond Market Size

In 2019, the global almond market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, the total consumption indicated a buoyant expansion 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, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Global consumption peaked in 2019 and is likely to see steady growth in the immediate term.

Almond Production

In value terms, almond production expanded notably to $X in 2019 estimated in export prices. In general, the total production indicated strong 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, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. Global production peaked in 2019 and is likely to see steady growth in the immediate term.

The U.S. (X tonnes) constituted the country with the largest volume of almond production, accounting for X% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (X tonnes), fivefold. The third position in this ranking was occupied by Iran (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Spain (+X% per year) and Iran (-X% per year).

In 2019, the global average yield of almonds stood at X tonnes per ha, with an increase of X% against 2018. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tonnes per ha. From 2012 to 2019, 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 2019, the total area harvested in terms of almonds production worldwide rose modestly to X ha, increasing by X% against the year before. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to almond production reached the maximum in 2019 and is expected to retain growth in the immediate term.

Production By Country

The U.S. (X tonnes) constituted the country with the largest volume of almond production, accounting for X% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (X tonnes), fivefold. Iran (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Spain (+X% per year) and Iran (-X% per year).

Almond Exports

Exports

In 2019, shipments abroad of almonds increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, total exports indicated resilient growth from 2007 to 2019: its volume 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, exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Global exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, almond exports totaled $X in 2019. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Global exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

In 2019, the U.S. (X tonnes) was the key exporter of almonds, making up X% of total exports. Australia (X tonnes) held the second position in the ranking, followed by China, Hong Kong SAR (X tonnes). All these countries together held near X% share of total exports. Benin (X tonnes) and Spain (X tonnes) followed a long way behind the leaders.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2019. At the same time, Australia (+X%), China, Hong Kong SAR (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. By contrast, Benin (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Australia (+X p.p.) and China, Hong Kong SAR (+X p.p.) increased significantly in terms of the global exports from 2007-2019, the share of Benin (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest almond supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Australia ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

In the U.S., almond exports increased at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, export price indicated pronounced 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 export price increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum in 2019 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while Benin ($X per tonne) was amongst the lowest.

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

Almond Imports

Imports

In 2019, the amount of almonds imported worldwide was estimated at X tonnes, almost unchanged from the previous year's figure. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Global imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, almond imports dropped slightly to $X in 2019. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Global imports peaked at $X in 2018, and then shrank in the following year.

Imports by Country

India represented the largest importing country with an import of around X tonnes, which recorded X% of total imports. Viet Nam (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by China, Hong Kong SAR (X%). China (X tonnes), Turkey (X tonnes) and the United Arab Emirates (X tonnes) occupied a little share of total imports.

From 2007 to 2019, average annual rates of growth with regard to almond imports into India stood at +X%. At the same time, Viet Nam (+X%), China (+X%), China, Hong Kong SAR (+X%), Turkey (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of India, Viet Nam, China, Hong Kong SAR, China and Turkey increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported almonds worldwide, comprising X% of global imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

In India, almond imports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

The average almond import price stood at $X per tonne in 2019, dropping by -X% against the previous year. In general, import price indicated a noticeable increase 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 decreased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a lower figure.

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

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

Source: IndexBox AI 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. 52% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (355K tonnes), fivefold. The third position in this ranking was occupied by India (162K tonnes), with a 4.8% share.
What are the largest producers of almonds in the world?
+
The U.S. (1.9M tonnes) constituted the country with the largest volume of almond production, comprising approx. 58% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (358K tonnes), fivefold. The third position in this ranking was occupied by Iran (138K tonnes), with a 4.1% share.
What are the leading suppliers of almonds in the world?
+
In value terms, the U.S. ($1B) remains the largest almond supplier worldwide, comprising 73% of global exports. The second position in the ranking was occupied by Australia ($238M), with a 17% share of global exports. It was followed by China, Hong Kong SAR, with a 6.5% share.
What are the leading importers of almonds in the world?
+
In value terms, India ($803M) constitutes the largest market for imported almonds worldwide, comprising 56% of global imports. The second position in the ranking was occupied by Viet Nam ($238M), with a 17% share of global imports. It was followed by China, Hong Kong SAR, with a 8% share.
What is the average export price for almonds in the world?
+
In 2019, the average almond export price amounted to $4,626 per tonne, increasing by 2.7% against the previous year.
What is the average import price for almonds in the world?
+
In 2019, the average almond import price amounted to $4,445 per tonne, waning by -4.5% against the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the global almond market. 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.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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. GLOBAL 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. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
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

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
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, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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