Spain: Almond Market 2025

Almond Market Size in Spain

After five years of growth, the Spanish almond market decreased by -8.9% to $X in 2021. Overall, consumption, however, continues to indicate a buoyant expansion. Almond consumption peaked at $X in 2020, and then dropped in the following year.

Almond Production in Spain

In value terms, almond production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 66% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped markedly in the following year.

The average yield of almonds in Spain dropped to X kg per ha in 2021, with a decrease of -7.2% on 2020. Over the period under review, the yield indicated moderate growth from 2012 to 2021: its figure increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, almond yield increased by +57.9% against 2016 indices. The growth pace was the most rapid in 2014 when the yield increased by 33% against the previous year. Over the period under review, the average almond yield reached the maximum level at X kg 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 Spain declined slightly to X ha, reducing by -2.2% compared with 2020. The harvested area increased at an average annual rate of +3.2% 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 2017 with an increase of 8.5%. Over the period under review, the harvested area dedicated to almond production attained the maximum at X ha in 2020, and then fell modestly in the following year.

Almond Exports

Exports from Spain

In 2021, approx. X tons of almonds were exported from Spain; increasing by 59% compared with the previous year's figure. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 109% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, almond exports skyrocketed to $X in 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 121% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Italy (X tons) and Portugal (X tons) were the main destinations of almond exports from Spain, together accounting for 78% of total exports. Belgium and Germany lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +107.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Belgium ($X) were the largest markets for almond exported from Spain worldwide, together accounting for 82% of total exports.

Belgium, with a CAGR of +107.6%, saw 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 more modest paces of growth.

Export Prices by Country

In 2021, the average almond export price amounted to $X per ton, rising by 22% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal ($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 (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Spain

For the third consecutive year, Spain recorded growth in purchases abroad of almonds, which increased by 147% to X tons in 2021. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of 421% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, almond imports surged to $X in 2021. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 245% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Portugal (X tons) constituted the largest almond supplier to Spain, with a 78% share of total imports. Moreover, almond imports from Portugal exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal amounted to +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+340.0% per year) and Italy (+118.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of almond to Spain, comprising 52% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Portugal amounted to +32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+323.3% per year) and Italy (+122.3% per year).

Import Prices by Country

In 2021, the average almond import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 115%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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