South-Eastern Asia: Almond Market 2025

Almond Market Size in South-Eastern Asia

For the third year in a row, the Southeast Asian almond market recorded decline in sales value, which decreased by -52.6% to $X in 2021. Over the period under review, consumption recorded a precipitous shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Almond Production in South-Eastern Asia

In value terms, almond production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Singapore (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons).

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Myanmar (with a CAGR of +0.7%), while production for the other leaders experienced mixed trends in the production figures.

Almond Exports

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of almonds, when their volume increased by 54% to X tons. Overall, exports enjoyed measured growth. The growth pace was the most rapid in 2018 when exports increased by 349% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, almond exports skyrocketed to $X in 2021. In general, exports saw a modest expansion. The growth pace was the most rapid in 2018 when exports increased by 208% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) and Singapore (X tons) represented roughly 67% of total exports in 2021. Myanmar (X tons) held the next position in the ranking, followed by Thailand (X tons) and Lao People's Democratic Republic (X tons). All these countries together held near 31% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +47.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Thailand ($X) were the countries with the highest levels of exports in 2021, together comprising 91% of total exports.

Singapore, with a CAGR of +47.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2019 an increase of 22%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the other leaders experienced more modest paces of growth.

Almond Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in overseas purchases of almonds, which decreased by -51% to X tons in 2021. Overall, imports faced a sharp downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 78%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, almond imports reduced sharply to $X in 2021. Over the period under review, imports showed a dramatic decline. The growth pace was the most rapid in 2016 with an increase of 53% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam represented the key importer of almonds in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. 79% of total imports in 2021. Thailand (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (4.7%). Malaysia (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to almond imports into Vietnam stood at -33.0%. At the same time, Singapore (+6.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +6.0% from 2012-2021. By contrast, Thailand (-7.3%) and Malaysia (-10.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand, Singapore and Malaysia increased by +9.8, +4.6 and +2.6 percentage points, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported almonds in South-Eastern Asia, comprising 78% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.2% share of total imports. It was followed by Singapore, with a 7.3% share.

In Vietnam, almond imports shrank by an average annual rate of -30.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (-9.7% per year) and Singapore (+7.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with an increase of 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2014 when the import price increased by 35%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+13.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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