Market research

Almonds market in Central America

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Central America" region includes following countries:

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Earlier Report Observations

The almond market in Central America, primarily supplied through imports, saw a notable expansion in 2019, reaching a volume of 14 194 tons valued at 96.5 million US dollars. This followed a year of growth in 2018, when the market size stood at 11 750 tons.

A multi-year contraction began in 2020, with market volume declining to 8 019 tons by 2023, a drop of over 40% from the peak. In 2023, updated municipal market rental regulations likely affected local distribution channels for imported almonds, contributing to the reduction in import volumes that year.

By 2024, import volumes showed a tentative recovery, reaching 8 238 tons. This coincided with a period of abundant US dollar liquidity and a stable, low exchange rate, which favored import activity. Concurrently, rising consumer demand for healthy and plant-based products, including almond milk, began to stimulate product innovation and market interest.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Central America
  1. 5.1.1. Annual dynamics of production in Central America in kind, 2018-2023, kg
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Belize in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Belize in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production almonds in Central America

In kind, 2017-2020, kg

Top producers of almonds, 2017-2020

Source: SHEV.io

World map of production of almonds, 2017-2020

Source: SHEV.io

Central America's almond production declined after two years of growth. In 2019, production reached its peak at 48 030 kg, with the largest annual increase of 1.2% recorded that year. By 2020, production had fallen to 47 630 kg, marking a slight decrease of 0.8% compared to 2019.

Annual dynamics of production in Central America in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.2%	1.2%	(0.8%)	0.2%

Source: SHEV.io

In value, 2017-2020, K $ US

In 2019, almond production in Central America reached its highest value at 379.3 K $ US, with the largest annual increase of 16.2% occurring that year. However, in 2020, production value dropped to 321.2 K $ US, reflecting a significant decline of 15.3% from the previous year. Over the period from 2017 to 2020, overall production decreased by 3.7%, with a compound annual growth rate of 1.3%.

Annual dynamics of production in Central America in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.2%)	16.2%	(15.3%)	(1.3%)

Source: SHEV.io

Exports almonds from Central America

Exports in kind, t

The export market for almonds from Central America showed an unstable trend from 2017 to 2020. In 2019, exports experienced the largest decline of 20.1%. By 2020, exports surged to 174 t, representing a sharp increase of 298.5% compared to 2019. Overall, exports varied significantly, with a 4.7-fold difference between the peak in 2020 and the trough in 2017.

Annual dynamics of product's exports from Central America in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	46.5%	(20.1%)	298.5%	67.1%

Source: SHEV.io

From 2017 to 2020, the United States, Venezuela, and the Dominican Republic were the largest markets for almond exports from Central America in volume terms. The United States accounted for 54.1% of exports, Venezuela for 3.0%, and the Dominican Republic for 1.6%, together comprising 58.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Central America in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

The export market for almonds from Central America in value terms displayed an unstable pattern from 2017 to 2020. In 2019, exports saw the largest decline of 8.2%. By 2020, export value rose sharply to 1 175 K $ US, an increase of 240.3% from the previous year. Exports fluctuated widely, with a 4.5-fold difference between the peak in 2020 and the bottom in 2017.

Annual dynamics of product's exports from Central America in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	43.0%	(8.2%)	240.3%	64.7%

Source: SHEV.io

From 2017 to 2020, the United States, Peru, and Venezuela were the primary markets for almond exports from Central America in value terms. The United States held 49.0% of export value, Peru 2.7%, and Venezuela 2.6%, collectively accounting for 54.4% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Central America in value, 2017-2020

Source: SHEV.io

Imports almonds to Central America

Imports in kind, t

Almond imports into Central America increased by 14.9% from 2017 to 2020, with a compound annual growth rate of 4.7%. In 2018, imports reached their lowest point at 11 758 t. By 2019, imports peaked at 14 190 t, recording the largest annual increase of 20.7%. In 2020, imports declined slightly to 13 739 t, down by 3.2% compared to 2019.

Annual dynamics of product's imports to Central America in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.7%)	20.7%	(3.2%)	4.7%

Source: SHEV.io

From 2017 to 2020, the United States was the dominant supplier of almonds to Central America in volume terms, accounting for 99.4% of total imports.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Central America in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After two years of growth, almond imports into Central America declined. In 2019, import value reached its maximum at 96 493 K $ US, with the largest annual increase of 13.0% recorded that year. By 2020, imports fell to 94 254 K $ US, reflecting a small reduction of 2.3% from the previous year. Over the period from 2017 to 2020, imports increased by 18.4%, equating to an annualized rate of 5.8%.

Annual dynamics of product's imports to Central America in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.2%	13.0%	(2.3%)	5.8%

Source: SHEV.io

From 2017 to 2020, the United States effectively monopolized almond imports into Central America in value terms, capturing 99.4% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Central America in value, 2017-2020

Source: SHEV.io