Italy: Almond Market 2024

Almond Market Size in Italy

In 2021, the Italian almond market decreased by -3.5% to $X, falling for the fourth year in a row after four years of growth. Overall, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 -23.3% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Almond Production in Italy

In value terms, almond production stood at $X in 2021 estimated in export price. In general, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 62%. Almond production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

In 2021, the average almond yield in Italy dropped slightly to X tons per ha, remaining constant against the year before. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when the yield increased by 7.9%. The almond yield peaked at X tons per ha in 2020, and then shrank 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 harvested area of almonds in Italy shrank to X ha, approximately equating 2020. Overall, the harvested area showed a pronounced downturn. The pace of growth was the most pronounced in 2015 with an increase of 6.1%. Over the period under review, the harvested area dedicated to almond production reached the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Almond Exports

Exports from Italy

In 2021, overseas shipments of almonds were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, almond exports surged to $X in 2021. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), Spain (X tons) and France (X tons) were the main destinations of almond exports from Italy, together accounting for 95% of total exports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +482.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Spain ($X) and France ($X) constituted the largest markets for almond exported from Italy worldwide, with a combined 95% share of total exports.

Spain, with a CAGR of +462.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average almond export price stood at $X per ton in 2021, increasing by 39% against the previous year. Overall, the export price showed a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 70%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Italy

In 2021, almond imports into Italy rose sharply to X tons, surging by 8.2% compared with the year before. The total import volume increased at an average annual rate of +6.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 37%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, almond imports rose markedly to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.0% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 56% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of almond to Italy, accounting for a 65% share of total imports. Moreover, almond imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.4% per year) and France (+51.8% per year).

In value terms, the United States ($X) constituted the largest supplier of almond to Italy, comprising 61% of total imports. The second position in the ranking was taken by Spain ($X), with a 21% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.1% per year) and France (+56.7% per year).

Import Prices by Country

The average almond import price stood at $X per ton in 2021, dropping by -2.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 24%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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