Almonds market in Oceania

Earlier Report Observations

From 2018 to 2020, the almond market in Oceania expanded significantly, with market volume rising from 108.8 thousand tons to 183.8 thousand tons. This growth coincided with a period of increasing global almond production, driven by the expansion of harvested areas in major growing regions like California. Rising worldwide demand for nutritious foods and growing health consciousness among consumers further supported almond consumption during these years.

Market growth accelerated between 2021 and 2022, reaching a volume of 256.4 thousand tons. Global almond production hit a peak in 2021, supported by continued area expansion. The period saw strong product innovation, with new almond-based items entering bakery, snack, and plant-based milk segments. The introduction of limited-edition flavors by key industry players and a sustained consumer shift toward natural, organic, and vegan products contributed to the market's upward trajectory.

In 2023, the market contracted to 204.5 thousand tons. During this adjustment, specific segments like almond milk continued to gain popularity in key international markets, reflecting a broader consumer preference for plant-based alternatives. The growing adoption of e-commerce also improved direct consumer access to almond products, even as the overall market volume decreased.

Production almonds in Oceania

In kind, 2017-2020, K t

Top producers of almonds, 2017-2020

World map of production of almonds, 2017-2020

Oceania's almond production volume grew for the second year in a row. In 2020, the region produced 258.0 K t of almonds, which represents a 21.7% increase compared to 2019. Over the period from 2017 to 2020, production rose by 38.7%, with an average annual growth rate of 11.5%. The lowest production level was recorded in 2018 at 173.0 K t. That same year saw the largest decline of 7.0%, while the biggest increase occurred in 2019 with a 22.5% jump.

Annual dynamics of production in Oceania in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Following two years of growth, Oceania's almond production value experienced a decline. In 2020, almond output was valued at 1 189 M $ US in the region, marking a moderate decrease of 6.9% compared to the previous year. Between 2017 and 2020, production value increased by 19.8%, which translates to an annualized growth rate of 6.2%. The highest value was recorded in 2019 at 1 277 M $ US, which also saw the largest increase of 28.6%.

Annual dynamics of production in Oceania in value, 2017-2020, M $ US

Exports almonds from Oceania

Exports in kind, t

After two years of growth, almond exports from Oceania declined. In 2020, exports amounted to 80 856 t, representing an 8.9% decrease compared to the previous year. Over the period from 2017 to 2020, exports increased by 27.8%, with an average annual growth rate of 8.5%. The peak export volume was recorded in 2019 at 88 792 t, which also experienced the largest increase of 24.4%.

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

From 2017 to 2020, China, India, and Vietnam were the key export partners for Oceania's almonds in volume terms. China accounted for 30.3% of exports, India for 24.1%, and Vietnam for 8.6%. Together, these three countries represented 63.0% of total export flows.

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

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

Exports in value, M $ US

Following two years of increase, almond exports from Oceania declined in value terms. In 2020, exports totaled 372.5 M $ US, which is 30.3% lower year-over-year. Between 2017 and 2020, export value increased by 10.3%, equating to an annualized growth rate of 3.3%. The highest value was recorded in 2019 at 534.8 M $ US, which also saw the largest increase of 30.5%.

Annual dynamics of product's exports from Oceania in value, 2017-2020, M $ US

From 2017 to 2020, China, India, and Vietnam consistently remained the main destinations for Oceania's almond exports in value terms. China accounted for 31.7% of export value, India for 20.3%, and Vietnam for 8.3%. Collectively, these three markets represented 60.3% of total export flows.

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

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

Imports almonds to Oceania

Imports in kind, t

After two years of growth, almond imports to Oceania declined in volume. In 2020, imports amounted to 6 682 t, corresponding to an 8.3% decrease compared to 2019. Between 2017 and 2020, imports decreased by 4.9%, which translates to an annualized decline of 1.7%. The highest import volume was recorded in 2019 at 7 289 t. The largest increase occurred in 2018 with a 2.7% rise.

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

Throughout the period from 2017 to 2020, the United States, Vietnam, and Spain were the primary sources of almond imports to Oceania in volume terms. Together, these three markets accounted for 57.9% of total import flows.

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

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

Imports in value, M $ US

Following two years of increase, Oceania's almond import value declined. In 2020, imports reached 46.3 M $ US, marking a moderate decrease of 7.0% year-over-year. Over the period from 2017 to 2020, import value decreased by 4.7%, with an average annual decline of 1.6%. The peak value was recorded in 2019 at 49.8 M $ US, which also experienced the largest increase of 1.4%.

Annual dynamics of product's imports to Oceania in value, 2017-2020, M $ US

From 2017 to 2020, the United States, Spain, and Vietnam continued to be the leading suppliers of almonds to Oceania in value terms. The United States accounted for 40.7% of import value, Spain for 9.6%, and Vietnam for 7.5%. Jointly, these three countries represented 57.9% of total imports in value terms.

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

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