In-shell almonds market in India

Earlier Report Observations

The in-shell almond market in India expanded significantly from 162.4 thousand tons in 2018 to 272.1 thousand tons in 2023, a growth of over 67%. This surge was primarily fueled by a sharp increase in imports, which rose from 149.1 thousand tons to 259.7 thousand tons over the same period. Underlying this trend were factors such as growing health-conscious consumer demand and the absence of quantitative import restrictions, which allowed the market to respond freely to rising consumption.

A notable jump occurred in 2020 when imports leaped by 35% to 218.1 thousand tons, pushing the total market volume to 228.9 thousand tons. Imports continued to climb steadily thereafter, reaching 259.7 thousand tons by 2023. Domestic production played a minor role, fluctuating between 10.9 and 12.5 thousand tons and accounting for less than 5% of the market supply.

The market operated within a regulatory framework that included a 12% GST on almonds and a tariff on imported in-shell almonds, but these did not curb the import growth. Additionally, a long-standing requirement for phosphine fumigation at origin applied to all shipments. The United States remained the dominant supplier, accounting for the majority of imports throughout the period.

Production in-shell almonds in India

In kind, 2017-2020, t

From 2017 to 2020, India ranked 21st globally in terms of in-shell almond production volume.

Top producers of in-shell almonds, 2017-2020

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

The market showed significant volatility during this period. Production reached its lowest point in 2017, then peaked in 2018 with a 1.9-fold increase from the previous year. In 2020, India produced 10 874 tonnes of in-shell almonds, representing a slight year-on-year decline of 0.8%. The highest production volume was recorded in 2018 at 13 688 tonnes. The most substantial decrease occurred in 2019, when production fell by 19.9%, while the largest increase was seen in 2018 with a remarkable 93.9% growth.

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

In value, 2017-2020, K $ US

The market displayed an unstable trend throughout the observed timeframe. The value of production fluctuated significantly, with a 2.4-fold difference between the high in 2018 and the low in 2017. In 2020, the output of in-shell almonds in India was valued at 65 975 thousand US dollars, marking a year-on-year decrease of 7.9%. The peak value was recorded in 2018 at 77 757 thousand US dollars. The most notable decline occurred in 2019, with a 7.9% drop, while the largest increase was observed in 2018, showing an impressive 143.9% growth.

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

Exports in-shell almonds from India

Exports in kind, K t

India's exports of in-shell almonds declined for the third consecutive year. In 2020, exports reached 0.1 thousand tonnes, down 17.7% from the previous year. Between 2017 and 2020, exports decreased by 83.6%, which translates to an annualized decline rate of 45.2%.

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

From 2017 to 2020, Vietnam, Hong Kong, and the United Arab Emirates were the primary destinations for India's in-shell almond exports in volume terms. Vietnam accounted for 37.1% of exports, Hong Kong for 23.6%, and the United Arab Emirates for 18.8%. Together, these three markets represented 79.6% of India's total export flows.

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

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

Exports in value, M $ US

India's exports of in-shell almonds in value terms declined for the third year in a row. In 2020, export volume totaled 0.6 million US dollars, showing a 23.6% decrease compared to 2019. Between 2017 and 2020, exports fell by 77.9%, equivalent to an annualized decline rate of 39.6%.

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

Throughout 2017 to 2020, Vietnam, Hong Kong, and the United Arab Emirates remained the key markets for India's in-shell almond exports in value terms. Vietnam held a 35.9% share, Hong Kong 20.2%, and the United Arab Emirates 18.9%. Collectively, these three destinations accounted for 74.9% of India's total export value.

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

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

Imports in-shell almonds to India

Imports in kind, K t

India's imports of in-shell almonds increased for the third consecutive year. In 2020, imports reached 218.1 thousand tonnes, indicating a year-on-year rise of 34.9%. Over the period from 2017 to 2020, imports grew by 60.3%, with a compound annual growth rate (CAGR) of 17.0%.

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

From 2017 to 2020, the United States dominated India's in-shell almond imports in volume terms, accounting for 86.1% of total imports. The remaining imports were distributed among various smaller trading partners.

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

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

Imports in value, M $ US

India's imports of in-shell almonds in value terms increased for the third year in a row. In 2020, import volume stood at 874.9 million US dollars, corresponding to a measured rise of 9.0% from the previous year. Over the period from 2017 to 2020, imports grew by 25%, with a compound annual growth rate (CAGR) of 7.7%.

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

From 2017 to 2020, the United States played a leading role in India's in-shell almond imports in value terms, holding an 86.7% share of total flows. The remainder was distributed across other trading partners.

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

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