Almonds market in the United States

Earlier Report Observations

The U.S. almond market volume expanded from 989 thousand tons in 2018 to 1 426 thousand tons in 2020, with value rising from $5 855 million to $6 978 million. This growth was driven by increased production, which reached 2 345 thousand tons in 2020, while slowing demand from Asia contributed to lower almond prices.

Following the peak, market volume fell to 730 thousand tons by 2023, and value declined to $3 020 million. Water scarcity in California's almond-growing regions limited production capacity, and economic uncertainties dampened consumer demand. Despite the overall contraction, the market saw the entry of new players and the launch of innovative snack products like Blue Diamond's Thin Dipped Almonds.

The shift toward plant-based diets sustained demand for almond milk, with U.S. sales reaching $1.55 billion by 2024. Technological advancements in precision irrigation aimed to improve water efficiency, addressing sustainability challenges in almond farming.

Production almonds in the United States

In kind, 2017-2020, K t

Globally, the United States was the leading producer of almonds from 2017 to 2020.

Top producers of almonds, 2017-2020

World map of production of almonds, 2017-2020

Almond production in the United States grew for the third year in a row. In 2020, the country produced 2 345 K t of almonds, marking a substantial increase of 22.6% compared to 2019. From 2017 to 2020, production rose by 36.6%, which translates to an average annual growth rate of 11.0%.

Annual dynamics of production in the United States in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Following two years of growth, almond production in the United States saw a decline. In 2020, the output was valued at 11 446 M $ US, reflecting a slight decrease of 0.6% from the previous year. Between 2017 and 2020, production increased by 17.9%, with an annualized rate of 5.7%. The highest value was recorded in 2019 at 11 513 M $ US, and the largest increase occurred that same year, at 13.7%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Exports almonds from the United States

Exports in kind, K t

Cross-border shipments of almonds from the United States increased for the second consecutive year. In 2020, the country exported 924.8 K t of almonds, representing a significant rise of 17.7% compared to 2019. Over the period from 2017 to 2020, exports grew by 20.3%, with a compound annual growth rate of 6.4%. The lowest volume was recorded in 2018 at 742.4 K t, and the largest decline occurred that year, at 3.4%.

Annual dynamics of product's exports from the United States in kind, 2017-2020, K t

From 2017 to 2020, the export destinations for almonds in kind were quite scattered. India accounted for 19.4% of exports, Spain for 12.0%, and Germany for 6.4%, with these three countries together making up just 37.8% of total flows. No single partner emerged as clearly dominant during this period.

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

World map of product's exports from the United States in kind, 2017-2020

Exports in value, M $ US

After two years of growth, almond exports from the United States declined. In 2020, exports totaled 4 514 M $ US, showing a moderate decrease of 4.6% compared to 2019. Between 2017 and 2020, exports increased by 3.9%, equating to an annualized rate of 1.3%. The peak value was recorded in 2019 at 4 729 M $ US, and the largest increase occurred that year, at 8.3%.

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

From 2017 to 2020, the partner structure for almond exports in value terms was balanced rather than concentrated. India represented 15.8% of exports, Spain 11.8%, and Germany 6.6%, with these three countries jointly accounting for 34.3% of total flows. Many other countries made up the remaining 65.7%.

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

World map of product's exports from the United States in value, 2017-2020

Imports almonds to the United States

Imports in kind, K t

Following two years of growth, almond imports into the United States declined. In 2020, imports amounted to 5.6 K t, which is 54.0% lower than in 2019. Over the period from 2017 to 2020, imports decreased by 34.7%, with a compound annual growth rate of -13.2%. The highest volume was recorded in 2019 at 12.2 K t, and the largest increase occurred in 2018, at 22.4%.

Annual dynamics of product's imports to the United States in kind, 2017-2020, K t

From 2017 to 2020, Spain and Australia together accounted for 84.8% of total almond imports in kind, while other countries formed a diversified but less significant portion of the imports.

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

World map of product's imports to the United States in kind, 2017-2020

Imports in value, M $ US

After two years of improvement, almond imports into the United States declined. In 2020, the United States imported 46 M $ US worth of almonds, marking a sharp drop of 55.4% compared to 2019. Between 2017 and 2020, imports decreased by 32.4%, with an annualized rate of -12.2%. The maximum value was recorded in 2019 at 103 M $ US, and the largest increase occurred in 2018, at 38.4%.

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

From 2017 to 2020, the geographical pattern of almond imports in value terms was characterized by a strong dominance of Spain, which held a 70.9% share of total flows. Other partners accounted for relatively minor shares during this period.

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

World map of product's imports to the United States in value, 2017-2020