MENA: Almond Market 2025

Almond Market Size in MENA

The MENA's almond market fell modestly to $X in 2021, waning by -4% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Almond Production in MENA

In value terms, almond production shrank slightly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 +5.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs 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 Morocco (X tons), together comprising 57% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkey (with a CAGR of +7.6%), while production for the other leaders experienced more modest paces of growth.

The average almond yield dropped to X tons per ha in 2021, which is down by -3.6% compared with 2020. The yield figure increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by 14% against the previous year. Over the period under review, the almond yield reached the peak level at X tons per ha in 2020, and then contracted slightly 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 almond harvested area in MENA amounted to X ha, approximately reflecting 2020. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 7.3% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2021, the growth of the almond harvested area remained at a somewhat lower figure.

Almond Exports

Exports in MENA

In 2021, exports of almonds in MENA surged to X tons, rising by 28% against the previous year's figure. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 30%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, almond exports skyrocketed to $X in 2021. Over the period under review, exports showed a tangible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X tons, which amounted to 42% of total exports. Turkey (X tons) held the second position in the ranking, followed by Lebanon (X tons) and Tunisia (X tons). All these countries together held approx. 43% share of total exports. Palestine (X tons), Jordan (X tons) and Morocco (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to almond exports from the United Arab Emirates stood at +18.1%. At the same time, Turkey (+40.5%), Jordan (+32.5%), Lebanon (+14.4%) and Palestine (+7.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +40.5% from 2012-2021. By contrast, Morocco (-1.8%) and Tunisia (-9.2%) illustrated a downward trend over the same period. The United Arab Emirates (+32 p.p.), Turkey (+18 p.p.), Lebanon (+11 p.p.), Jordan (+2.8 p.p.) and Palestine (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Tunisia saw its share reduced by -11.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest almond supplier in MENA, comprising 45% of total exports. The second position in the ranking was taken by Turkey ($X), with a 20% share of total exports. It was followed by Lebanon, with a 7.6% share.

In the United Arab Emirates, almond exports expanded at an average annual rate of +20.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+43.0% per year) and Lebanon (+14.6% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, picking up by 11% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond export price decreased by -32.8% against 2016 indices. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Morocco ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+7.1%), while the other leaders experienced more modest paces of growth.

Almond Imports

Imports in MENA

In 2021, the amount of almonds imported in MENA reduced to X tons, which is down by -6.2% compared with 2020 figures. Overall, imports continue to indicate a mild setback. The pace of growth was the most pronounced in 2019 when imports increased by 40%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, almond imports shrank markedly to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 34% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X tons, which finished at 43% of total imports. It was distantly followed by Turkey (X tons), Iran (X tons) and Libya (X tons), together making up a 46% share of total imports. The following importers - Iraq (X tons) and Yemen (X tons) - each reached a 3.4% share of total imports.

From 2012 to 2021, the biggest increases were in Iraq (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2021, with a combined 85% share of total imports. Libya, Iraq and Yemen lagged somewhat behind, together accounting for a further 5.4%.

In terms of the main importing countries, Iraq, with a CAGR of +26.3%, saw the highest growth rate of 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

The import price in MENA stood at $X per ton in 2021, dropping by -12% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 14%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood 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 the United Arab Emirates ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform