Turkmenistan: Almond Market 2020

Almond Market Size in Turkmenistan

The revenue of the almond market in Turkmenistan amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, the total market indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, almond consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the almond market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Almond Production in Turkmenistan

In value terms, almond production totaled $X in 2018 estimated in export prices. In general, the total output indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, almond production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when production volume increased by X% against the previous year. Turkmenistan almond production peaked in 2018 and is expected to retain its growth in the near future.

Average yield of almonds in Turkmenistan stood at X kg per ha in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the almond yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. In that year, the almond yield attained its peak level of X kg per ha. From 2013 to 2018, the growth of the almond yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of almonds production in Turkmenistan amounted to X ha, remaining constant against the previous year. In general, the almond harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to almond production reached its maximum in 2018 and is expected to retain its growth in the near future.

Almond Exports

Exports by Country

The U.S. represented the main exporter of almonds in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. China, Hong Kong SAR (X tons) ranks second in terms of the total exports with a X% share, followed by Australia (X%) and Benin (X%).

From 2007 to 2018, average annual rates of growth with regard to almond exports from the U.S. stood at +X%. At the same time, China, Hong Kong SAR (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, China, Hong Kong SAR emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Benin experienced a relatively flat trend pattern. From 2007 to 2018, the share of the U.S., China, Hong Kong SAR and Australia increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest almond supplier from Turkmenistan, comprising X% of global exports. The second position in the ranking was occupied by Australia ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

The almond export price in Turkmenistan stood at $X per ton in 2018, stabilizing at the previous year. Overall, the almond export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Almond Imports

Imports into Turkmenistan

In 2018, the amount of almonds imported into Turkmenistan amounted to X tons, increasing by X% against the previous year. Overall, almond imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, almond imports attained their maximum at X tons in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, almond imports totaled $X in 2018. Over the period under review, almond imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Turkmenistan imports peaked at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

India represented the key importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Vietnam (X tons) and China, Hong Kong SAR (X tons), together achieving a X% share of total imports. The following importers - Turkey (X tons), the United Arab Emirates (X tons), China (X tons) and Spain (X tons) - together made up X% of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), China, Hong Kong SAR (+X%), Turkey (+X%), China (+X%), the United Arab Emirates (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of India, Vietnam, China, Hong Kong SAR and Turkey increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported almonds into Turkmenistan, comprising X% of global imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

In India, almond imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2018, the almond import price in Turkmenistan amounted to $X per ton, waning by -X% against the previous year. In general, the almond import price continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X% y-o-y. Over the period under review, the import prices for almonds reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in India ($X per ton) and China ($X per ton), while Spain ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform