Australia - Almonds - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingAlmond Prices Experience Significant Drop in Australia, Now at $2,998 per Ton
Australia Almond Export Price in December 2022
In December 2022, the almond price stood at $2,998 per ton (FOB, Australia), dropping by -40% against the previous month. In general, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 21% against the previous month. The export price peaked at $4,997 per ton in November 2022, and then plummeted in the following month.
Average prices varied somewhat for the major export markets. In December 2022, the country with the highest price was China ($3,270 per ton), while the average price for exports to India stood at $2,563 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.3%).
Australia Almond Exports
In December 2022, shipments abroad of almonds decreased by -0.1% to 4K tons, falling for the fourth month in a row after six months of growth. Over the period under review, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in April 2022 with an increase of 508% against the previous month. Over the period under review, the exports reached the maximum at 8.6K tons in August 2022; however, from September 2022 to December 2022, the exports remained at a lower figure.
In value terms, almond exports shrank significantly to $12M (IndexBox estimates) in December 2022. In general, exports, however, posted a noticeable expansion. The growth pace was the most rapid in April 2022 with an increase of 564% month-to-month. The exports peaked at 33K tons in August 2022; however, from September 2022 to December 2022, the exports stood at a somewhat lower figure.
Australia Almond Exports by Country
China (2.3K tons) and India (1.6K tons) were the main destinations of almond exports from Australia.
From December 2021 to December 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +23.0%).
In value terms, China ($7.7M) and India ($4M) were the largest markets for almond exported from Australia worldwide.
India, with a CAGR of +17.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.
Here IS Why Australian Almond Prices Plunge to $2,998 per Ton
Almond prices in Australia have experienced a significant drop in recent weeks. The current price of almonds sits at just $2,998 per ton, down from over $4,000 per ton earlier in the year.
One of the main reasons for this decline is the recent bumper harvest. Australian almond growers have had a record-breaking season, producing more almonds than ever before. This increased supply has put downward pressure on prices, as buyers are less willing to pay a premium for a product that is more readily available.
Another factor driving the drop in prices is the ongoing trade tensions between Australia and China. China is a significant market for Australian almond exports, accounting for around 30% of total sales. However, the escalating trade dispute between the two countries has led to tariffs and other restrictions on Australian goods, including almonds. This has resulted in a significant reduction in demand from China, further depressing prices.
Despite these challenges, Australian almond growers remain optimistic. The industry has invested heavily in research and development in recent years, driving improvements in productivity, sustainability, and product quality. This, combined with the growing global demand for healthy snacks, means that there are still plenty of opportunities for Australian almond producers to thrive in the years ahead.
This report provides an in-depth analysis of the almond market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
