Report Latin America and the Caribbean - Almonds - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Latin America and the Caribbean - Almonds - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Almond Market 2025

Almond Market Size in Latin America and the Caribbean

The Latin American almond market declined to $X in 2021, reducing by -10.6% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +31.3% against 2016 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Almond Production in Latin America and the Caribbean

In value terms, almond production reduced notably to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% 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 increased by +41.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 49%. As a result, production attained the peak level of $X, and then declined remarkably in the following year.

Chile (X tons) remains the largest almond producing country in Latin America and the Caribbean, comprising approx. 98% of total volume. It was followed by Argentina (X tons), with a 1.7% share of total production.

From 2012 to 2021, the average annual rate of growth in terms of volume in Chile totaled +3.7%.

The average almond yield declined slightly to X tons per ha in 2021, remaining constant against the year before. The yield figure increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when the yield increased by 6.8%. Over the period under review, the almond yield hit record highs at X tons per ha in 2020, and then shrank 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 Latin America and the Caribbean contracted modestly to X ha, approximately equating the previous year. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the harvested area increased by 6% against the previous year. Over the period under review, the harvested area dedicated to almond production attained the maximum at X ha in 2020, and then dropped in the following year.

Almond Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of almonds were exported in Latin America and the Caribbean; rising by 60% against the year before. In general, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 415%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, almond exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 426%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala was the main exporter of almonds in Latin America and the Caribbean, with the volume of exports recording X tons, which was near 47% of total exports in 2021. Chile (X tons) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (6.4%). Panama (X tons), Brazil (X tons), the Dominican Republic (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Panama (with a CAGR of +73.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X) remains the largest almond supplier in Latin America and the Caribbean, comprising 55% of total exports. The second position in the ranking was held by Chile ($X), with a 21% share of total exports. It was followed by Brazil, with a 9.1% share.

In Guatemala, almond exports expanded at an average annual rate of +40.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-20.1% per year) and Brazil (+101.3% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, waning by -22.2% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond export price increased by +48.2% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 46% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+21.6%), while the other leaders experienced more modest paces of growth.

Almond Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of almonds increased by 36% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 99% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, almond imports skyrocketed to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +1.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 33%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Colombia was the key importer of almonds in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near 43% of total imports in 2021. It was distantly followed by Chile (X tons), the Dominican Republic (X tons), Honduras (X tons) and Mexico (X tons), together achieving a 40% share of total imports. Trinidad and Tobago (X tons) and Bolivia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Colombia (with a CAGR of +50.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest almond importing markets in Latin America and the Caribbean were Colombia ($X), Chile ($X) and Honduras ($X), with a combined 69% share of total imports.

In terms of the main importing countries, Colombia, with a CAGR of +49.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -7.4% against the previous year. Over the period under review, the import price, however, showed a temperate expansion. The pace of growth was the most pronounced in 2019 an increase of 99%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Trinidad and Tobago ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Chile constituted the country with the largest volume of almond consumption, comprising approx. 95% of total volume. It was followed by Argentina, with a 1.7% share of total consumption.
The country with the largest volume of almond production was Chile, accounting for 98% of total volume. It was followed by Argentina, with a 1.7% share of total production.
In value terms, the largest almond supplying countries in Latin America and the Caribbean were Guatemala, Chile and Brazil, with a combined 92% share of total exports.
In value terms, the largest almond importing markets in Latin America and the Caribbean were Trinidad and Tobago, Chile and Mexico, with a combined 65% share of total imports. These countries were followed by Colombia, the Dominican Republic, Peru, Panama, Jamaica, Costa Rica, El Salvador, Brazil, Honduras and Bolivia, which together accounted for a further 30%.
The almond export price in Latin America and the Caribbean stood at $6,242 per ton in 2021, picking up by 11% against the previous year.
The almond import price in Latin America and the Caribbean stood at $5,412 per ton in 2021, which is down by -16% against the previous year.

This report provides an in-depth analysis of the almond market in Latin America and the Caribbean. 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:

  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Aruba
  • Bahamas
  • Barbados
  • Belize
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Cuba
  • Curacao
  • Dominica
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Falkland Islands (Malvinas)
  • French Guiana
  • Grenada
  • Guadeloupe
  • Guatemala
  • Guyana
  • Haiti
  • Honduras
  • Jamaica
  • Martinique
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Saint Maarten (Dutch part)
  • Suriname
  • Trinidad and Tobago
  • Turks and Caicos Islands
  • United States Virgin Islands
  • Uruguay
  • Venezuela
  • Puerto Rico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico
  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Harvested Area, By Country, 2012-2024
    7. Yield, By Country, 2012-2024
    8. Imports, In Physical Terms, By Country, 2012–2024
    9. Imports, In Value Terms, By Country, 2012–2024
    10. Import Prices, By Country Of Destination, 2012–2024
    11. Exports, In Physical Terms, By Country, 2012–2024
    12. Exports, In Value Terms, By Country, 2012–2024
    13. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2024
    19. Production, In Value Terms, 2012–2024
    20. Area Harvested, 2012–2024
    21. Yield, 2012–2024
    22. Production, By Country, 2024
    23. Production, In Physical Terms, By Country, 2012–2024
    24. Harvested Area, By Country, 2024
    25. Harvested Area, By Country, 2012-2024
    26. Yield, By Country, 2012-2024
    27. Imports, In Physical Terms, 2012–2024
    28. Imports, In Value Terms, 2012–2024
    29. Imports, In Physical Terms, By Country, 2024
    30. Imports, In Physical Terms, By Country, 2012–2024
    31. Imports, In Value Terms, By Country, 2012–2024
    32. Import Prices, By Country, 2012–2024
    33. Exports, In Physical Terms, 2012–2024
    34. Exports, In Value Terms, 2012–2024
    35. Exports, In Physical Terms, By Country, 2024
    36. Exports, In Physical Terms, By Country, 2012–2024
    37. Exports, In Value Terms, By Country, 2012–2024
    38. Export Prices, 2012–2024

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