Asia: Almond Market 2025

Almond Market Size in Asia

The Asian almond market expanded modestly to $X in 2021, surging by 2.6% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by +0.8% against 2018 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Almond Production in Asia

In value terms, almond production reached $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.8% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were Iran (X tons), Turkey (X tons) and Syrian Arab Republic (X tons), with a combined 67% share of total production.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +7.6%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average almond yield in Asia reduced slightly to X tons per ha, waning by -1.8% on 2020. The yield indicated measured growth from 2012 to 2021: its figure increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond yield increased by +54.7% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of 8.8% against the previous year. The level of yield peaked at X tons per ha in 2020, and then contracted modestly in the following year. 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 Asia dropped slightly to X ha, remaining constant against the previous year's figure. Over the period under review, the harvested area recorded a mild contraction. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, the harvested area dedicated to almond production attained the peak figure at X ha in 2013; however, from 2014 to 2021, the harvested area remained at a lower figure.

Almond Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of almonds, when their volume increased by 42% to X tons. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 65%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, almond exports soared to $X in 2021. Overall, exports, however, showed a abrupt slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Hong Kong SAR (X tons) was the largest exporter of almonds, constituting 55% of total exports. It was distantly followed by Afghanistan (X tons) and the United Arab Emirates (X tons), together creating a 29% share of total exports. The following exporters - Turkey (X tons), Uzbekistan (X tons), Lebanon (X tons) and India (X tons) - together made up 9.8% of total exports.

From 2012 to 2021, average annual rates of growth with regard to almond exports from Hong Kong SAR stood at -21.5%. At the same time, India (+75.6%), Turkey (+40.5%), Uzbekistan (+32.4%), Afghanistan (+23.3%), the United Arab Emirates (+18.1%) and Lebanon (+14.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +75.6% from 2012-2021. From 2012 to 2021, the share of Afghanistan, the United Arab Emirates, Turkey, Uzbekistan, Lebanon and India increased by +22, +5.8, +2.8, +2.7, +2.2 and +2 percentage points, respectively.

In value terms, Hong Kong SAR ($X) remains the largest almond supplier in Asia, comprising 62% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 6.8% share.

In Hong Kong SAR, almond exports contracted by an average annual rate of -16.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Afghanistan (+22.7% per year) and the United Arab Emirates (+20.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2017 an increase of 27%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the other leaders experienced more modest paces of growth.

Almond Imports

Imports in Asia

In 2021, almond imports in Asia stood at X tons, with an increase of 10% against the year before. Total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 45%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, almond imports reached $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 18% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) was the main importer of almonds, constituting 62% of total imports. China (X tons) ranks second in terms of the total imports with a 22% share, followed by Hong Kong SAR (4.9%). The United Arab Emirates (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to almond imports into India stood at +11.6%. At the same time, China (+44.5%) and the United Arab Emirates (+7.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of +44.5% from 2012-2021. By contrast, Turkey (-8.1%) and Hong Kong SAR (-16.5%) illustrated a downward trend over the same period. India (+33 p.p.) and China (+21 p.p.) significantly strengthened its position in terms of the total imports, while Turkey and Hong Kong SAR saw its share reduced by -3.6% and -25.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported almonds in Asia, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Hong Kong SAR, with a 5.3% share.

In India, almond imports expanded at an average annual rate of +10.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+49.2% per year) and Hong Kong SAR (-14.6% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, which is down by -1.9% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond import price decreased by -19.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 28%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Hong Kong SAR ($X per ton), while China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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