Almonds market in Australia and New Zealand

Earlier Report Observations

From 2018 to 2022, almond production in Australia expanded significantly, driven by the extension of harvested areas and the adoption of modern agricultural techniques. This investment increased output from 173 000 tons to 365 000 tons, supporting growth in both domestic consumption and exports. The market volume in Australia and New Zealand consequently rose from 109 000 tons to 256 000 tons over this period.

In 2023, production fell to 320 000 tons as extreme heat events impacted almond crops in key growing regions. This weather-related supply shock contributed to a contraction in total market volume to 204 000 tons for that year. Concurrently, trade flows began to shift, with Australian exports to China increasing due to U.S. tariff policies.

In New Zealand, the almond industry remained nascent but saw increased research activity, with trials of different varieties and assessments of climatic suitability in regions like Hawke's Bay. Globally, consumer demand for almonds continued to rise, with growing emphasis on sustainability, nutrition, and traceability in the supply chain.

Production almonds in Australia and New Zealand

In kind, 2018-2021, K t

Top producers of almonds, 2018-2021

World map of production of almonds, 2018-2021

Australia and New Zealand have seen their almond production grow for the third year in a row. In 2021, they produced 316.0 thousand tons of almonds, marking a 22.5% increase from 2020. Looking at the period from 2018 to 2021, production surged by 82.7%, with an average annual growth rate of 22.2%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, K t

In value, 2018-2021, M $ US

In 2021, the value of almond output in Australia and New Zealand reached 1 428 million US dollars, up 24.1% from the previous year. From 2018 to 2021, production value rose by 43.9%, averaging 12.9% per year. The most significant drop occurred in 2020, at 9.8%, while the largest gain was in 2019, with a 28.6% increase.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, M $ US

Exports almonds from Australia and New Zealand

Exports in kind, K t

In 2021, almond exports from Australia and New Zealand totaled 100.4 thousand tons, showing a 20.3% year-over-year rise. Over the 2018-2021 period, exports grew by 40.6%, with an average annual rate of 12.0%. The biggest decline was in 2020, at 6.0%, and the largest increase was in 2019, at 24.4%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, K t

From 2018 to 2021, China, India, and Vietnam were the top destinations for almond exports in volume from Australia and New Zealand. China accounted for 39.2% of exports, India for 21.2%, and Vietnam for 8.0%, together making up 68.4% of total shipments.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, M $ US

In 2021, almond exports from Australia and New Zealand were valued at 453.7 million US dollars, a strong 21.8% increase compared to 2020. Between 2018 and 2021, export value rose by 10.8%, with an average annual growth of 3.5%. The lowest value was in 2020 at 372.5 million US dollars, while the highest was in 2019 at 534.8 million US dollars. The largest decline occurred in 2020, at 30.3%, and the biggest increase was in 2019, at 30.6%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, M $ US

During 2018-2021, China, India, and Vietnam formed the primary group of destinations for almond exports in value from Australia and New Zealand. China held 40.3% of export value, India 17.4%, and Vietnam 8.0%, collectively representing 65.7% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports almonds to Australia and New Zealand

Imports in kind, K t

Almond imports into Australia and New Zealand have fallen for the second consecutive year. In 2021, imports amounted to 5.6 thousand tons, a 14.5% decrease from 2020. From 2018 to 2021, imports dropped by 20.5%, equivalent to an annualized rate of 7.4%. The peak was in 2019 at 7.1 thousand tons, with the largest increase that year at 1.1%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, K t

Over the 2018-2021 period, the United States, Vietnam, and Spain were the main sources for almond imports in volume into Australia and New Zealand. The United States contributed 42.8% of imports, Vietnam 10.9%, and Spain 7.8%, together accounting for 61.6% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, M $ US

Almond imports into Australia and New Zealand have declined for the second year in a row. In 2021, imports totaled 34.6 million US dollars, a sharp 22.9% drop from the previous year. From 2018 to 2021, import value decreased by 27.6%, with an average annual decline of 10.2%. The highest value was in 2019 at 48.4 million US dollars, and the largest increase that year was 1.1%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, M $ US

In 2018-2021, the United States, Spain, and Vietnam were the key markets for almond imports in value into Australia and New Zealand. The United States made up 39.2% of import value, Spain 11.9%, and Vietnam 10.3%, together representing 61.4% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021