Northern America: Almond Market 2025

Almond Market Size in Northern America

The North American almond market stood at $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Almond Production in Northern America

In value terms, almond production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 27%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

The United States (X tons) remains the largest almond producing country in Northern America, comprising approx. 100% of total volume.

From 2012 to 2021, the average annual growth rate of volume in the United States amounted to +3.0%.

The average almond yield contracted to X tons per ha in 2021, shrinking by -6.3% against 2020 figures. Over the period under review, the yield continues to indicate a slight decline. The most prominent rate of growth was recorded in 2020 when the yield increased by 15%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The almond harvested area contracted slightly to X ha in 2021, which is down by -2.8% on 2020. The harvested area increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 8.3%. Over the period under review, the harvested area dedicated to almond production reached the maximum at X ha in 2020, and then reduced slightly in the following year.

Almond Exports

Exports in Northern America

After two years of growth, overseas shipments of almonds decreased by -7% to X tons in 2021. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.5% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, almond exports expanded modestly to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 9.7% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, the United States (X tons) was the main exporter of almonds in Northern America, achieving 99.9% of total export.

The United States was also the fastest-growing in terms of the almonds exports, with a CAGR of +3.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest almond supplier in Northern America.

In the United States, almond exports expanded at an average annual rate of +3.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with an increase of 12% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 21% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +0.2% per year.

Almond Imports

Imports in Northern America

Almond imports soared to X tons in 2021, with an increase of 72% against 2020. In general, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 when imports increased by 172% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, almond imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 176% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States represented the largest importer of almonds in Northern America, with the volume of imports resulting at X tons, which was near 81% of total imports in 2021. It was distantly followed by Canada (X tons), comprising a 19% share of total imports.

Imports into the United States decreased at an average annual rate of -3.7% from 2012 to 2021. At the same time, Canada (+1.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.3% from 2012-2021. While the share of Canada (+5.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-6.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported almonds in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with an 8.3% share of total imports.

In the United States, almond imports expanded at an average annual rate of +28.9% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 29% against the previous year. In general, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2015 an increase of 217%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+33.8%).

Source: IndexBox Platform

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