In-shell almonds market in CIS

Earlier Report Observations

The in-shell almond market in the CIS region demonstrated substantial growth from 2018 to 2023, with market volume increasing from 26 thousand tons to 42 thousand tons, a rise of over 60%. This expansion was not linear, featuring a sharp surge in 2020 to 38.6 thousand tons, followed by a slight dip in 2021, a new peak of 45.4 thousand tons in 2022, and a moderate correction to 42.3 thousand tons in 2023.

In value terms, the market mirrored this volatile trajectory, growing from $87.6 million in 2018 to $176.3 million in 2023, albeit with notable fluctuations. The most pronounced value increase occurred in 2020, reaching $186.6 million, suggesting a period of higher unit prices or a shift in product mix alongside volume growth.

The supply structure evolved during this period, with domestic production rising from 26 thousand tons to 38 thousand tons and imports experiencing a notable uptick, particularly from 2022 onwards. This increased import flow, reaching 3.9 thousand tons in 2022 and 4.8 thousand tons in 2023, significantly supplemented domestic supply and was a key component of the overall market volume expansion in those years.

Production in-shell almonds in CIS

In kind, 2017-2020, t

Top producers of in-shell almonds, 2017-2020

World map of production of in-shell almonds, 2017-2020

CIS in-shell almond production has grown for the third year in a row. In 2020, the region produced 38,185 tonnes, marking a sharp 37.1% increase from the previous year. From 2017 to 2020, production surged by 248.3%, averaging an annual growth rate of 51.6%.

Annual dynamics of production in CIS in kind, 2017-2020, t

Exports in-shell almonds from CIS

Exports in kind, t

The data shows irregular shifts, pointing to a volatile market. CIS exported 610 tonnes of in-shell almonds in 2020, a 73.5% drop year-over-year. The lowest volume was in 2018 at 293 tonnes, while the peak occurred in 2019 with 2,306 tonnes, representing a 7.9-fold difference between these years. The largest increase was recorded in 2019 at 688.0%.

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

From 2017 to 2020, Italy (10.7% of exports in kind), Iraq (8.5%), and Turkey (3.6%) were among the top buyers of CIS in-shell almonds. However, together they accounted for just 22.8% of total exports, highlighting a broadly diversified partner base.

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

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

Exports in value, K $ US

Market performance showed noticeable fluctuations during this period. CIS exported 3,004 thousand US dollars worth of in-shell almonds in 2020, a 69.9% decline from 2019. The lowest value was in 2018 at 981 thousand US dollars, while the highest was in 2019 at 9,995 thousand US dollars, creating a 10.2-fold gap. The largest increase was in 2019 at 919.0%.

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

Between 2017 and 2020, CIS exports of in-shell almonds in value terms were spread widely across markets. Italy (3.7% of exports in value terms), the United Arab Emirates (3.3%), and Iraq (2.9%) together made up only 9.9% of total flows.

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

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

Imports in-shell almonds to CIS

Imports in kind, t

CIS in-shell almond imports have risen for the third consecutive year. In 2020, imports reached 1,018 tonnes, showing a modest 8.3% year-over-year improvement. From 2017 to 2020, imports grew by 137.8%, averaging an annual rate of 33.5%.

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

From 2017 to 2020, China (62.9% of imports in kind), the United States (7.6%), and Iran (3.0%) dominated the import structure, together representing 73.5% of total flows.

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

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

Imports in value, K $ US

CIS in-shell almond imports in value terms have increased for the second year in a row. In 2020, imports amounted to 1,680 thousand US dollars, a solid 13.7% rise compared to 2019. Over the 2017-2020 period, imports decreased by 33.7%, with a compound annual growth rate of -12.8%. The lowest value was in 2018 at 1,268 thousand US dollars, where the largest decline of 50.0% occurred. The largest increase was in 2019 at 16.6%.

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

In 2017-2020, the leading sources for CIS imports of in-shell almonds in value terms were China (61.3% of imports in value terms), the United States (5.9%), and Chile (2.4%), which together accounted for 69.5% of total flows.

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

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