Ireland: Almond Market 2025

Almond Market Size in Ireland

The Irish almond market declined notably to $X in 2021, which is down by -85.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt shrinkage. Almond consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Almond Exports

Exports from Ireland

In 2021, overseas shipments of almonds decreased by -87.8% to X kg for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a noticeable contraction. The pace of growth was the most pronounced in 2015 when exports increased by 2,564% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell notably in the following year.

In value terms, almond exports reduced notably to $X in 2021. Overall, exports, however, posted a measured expansion. The growth pace was the most rapid in 2019 with an increase of 596%. The exports peaked at $X in 2020, and then shrank significantly in the following year.

Exports by Country

The UK (X kg) was the main destination for almond exports from Ireland, accounting for a 64% share of total exports. Moreover, almond exports to the UK exceeded the volume sent to the second major destination, Cyprus (X kg), threefold. The third position in this ranking was held by Malta (X kg), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+105.1% per year) and Malta (+9.9% per year).

In value terms, the largest markets for almond exported from Ireland were the UK ($X), Cyprus ($X) and Malta ($X), together comprising 94% of total exports.

Cyprus, with a CAGR of +157.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average almond export price stood at $X per ton in 2021, rising by 115% against the previous year. Over the period under review, the export price showed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Ireland

In 2021, the amount of almonds imported into Ireland fell notably to X tons, which is down by -87.9% against the previous year's figure. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 183%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, almond imports reduced rapidly to $X in 2021. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 93% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest almond supplier to Ireland, with a 58% share of total imports. Moreover, almond imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-28.0% per year) and Spain (-1.9% per year).

In value terms, Germany ($X) constituted the largest supplier of almond to Ireland, comprising 66% of total imports. The second position in the ranking was taken by Spain ($X), with a 20% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.1% per year) and the UK (-27.4% per year).

Import Prices by Country

In 2021, the average almond import price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price 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, almond import price increased by +50.6% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 31%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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