Almond Market - The U.S. Ranked First Globally in Almond Exports in 2014

Other Tree And Bush Fruits And Nuts August 23, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

almond market

The U.S. seized control of almond market. In 2014, the U.S. exported 616 thousand tonnes of almonds totaling 4,438 million USD, 8% over the previous year. Its primary trading partner was Spain, where it supplied 13% of its total almond exports in value terms, accounting for 92% of Spain's total imports.

From 2007 to 2014, the U.S. was a net exporter of almonds. Over this period, exports consistently exceeded imports in value terms. In physical terms, from 2007-2011, the difference was more pronounced, however, a drop in import prices made this difference less notable from 2012-2014.

Spain and Australia were among the other main global suppliers of almonds in 2014. However, the fastest growing exporters from 2007 to 2014 were Australia (+29% per year) and Turkey (+21% per year). By virtue of this, Australia was able to strengthen its position in the global export structure.

The U.S.'s top 5 trading partners in 2014 were Spain, India, Germany, the United Arab Emirates and Japan, with a combined 45% share of the U.S.'s almond exports. The share of the United Arab Emirates increased (+2 percentage points), while the share of Germany illustrated negative dynamics (-2 percentage points).

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Source: World: Almonds - Market Report. Analysis And Forecast To 2020