In-shell almonds market in Oceania

Earlier Report Observations

The in-shell almond market in Oceania saw strong growth from 133.6 thousand tonnes in 2018 to 315.3 thousand tonnes in 2022. This expansion was fueled by rising global demand, amplified after 2020 when the COVID-19 pandemic created a worldwide oversupply and lower prices, which helped boost consumption. Almonds also solidified their position as the most used nut in new product innovations across Europe, particularly in plant-based foods, sustaining demand for almonds internationally.

Australia's role as a key exporter of in-shell almonds was reinforced by the global almond market's steady growth, averaging 4.5% annually. However, market volume contracted to 282.4 thousand tonnes in 2023, coinciding with weaker demand late in the year that led to cautious purchasing. In 2024, Select Harvest expanded its production capacity by 20% to meet growing worldwide demand for snacks and plant-based products, while industry players adopted more sustainable packaging solutions.

Production in-shell almonds in Oceania

In kind, 2017-2020, K t

Top producers of in-shell almonds, 2017-2020

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

Oceania's in-shell almond production has grown for the second year in a row. In 2020, the region produced 258.0 thousand tons, marking a 21.7% increase from the previous year. Looking at the period from 2017 to 2020, production rose by 38.7%, which translates to an average annual growth rate of 11.5%. The lowest production level was recorded in 2018 at 173.0 thousand tons. That year also saw the largest decline of 7.0%. In contrast, 2019 experienced the biggest increase at 22.5%.

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

Exports in-shell almonds from Oceania

Exports in kind, t

Following two years of growth, Oceania's in-shell almond exports declined. In 2020, exports totaled 31 250 tons, representing a 35.1% drop compared to the previous year. Over the 2017-2020 period, exports increased by 3.8%, with a compound annual growth rate of 1.3%. The highest export volume was recorded in 2019 at 48 187 tons. The largest increase occurred in 2018, with a rise of 31.8%.

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

From 2017 to 2020, India and China were the primary destinations for Oceania's in-shell almond exports, together accounting for 86.0% of total shipments. The remaining share was distributed among other markets.

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

After two consecutive years of growth, Oceania's in-shell almond exports in value terms declined. In 2020, exports amounted to 108.9 million US dollars, a 55.8% decrease from 2019. Between 2017 and 2020, exports fell by 21.6%, equating to an average annual decline of 7.8%. The peak value was recorded in 2019 at 246.1 million US dollars. The largest increase took place in 2018, with a jump of 43.6%.

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

During the 2017-2020 period, India and China dominated Oceania's in-shell almond exports in value terms, together making up 84.4% of total flows. The rest was spread across other destinations.

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

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

Imports in-shell almonds to Oceania

Imports in kind, t

The market showed significant fluctuations during this period. Import volumes reached their lowest point in 2017 and peaked in 2019, with a 5.6-fold difference between these years. In 2020, Oceania's in-shell almond imports totaled 229 tons, reflecting a sharp 58.8% decrease year-over-year. The maximum volume was recorded in 2019 at 555 tons. The largest increase occurred in 2019, with a surge of 149.5%.

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

From 2017 to 2020, the United States, Pakistan, and Singapore were the largest suppliers of in-shell almonds to Oceania in volume terms. The United States accounted for 63.9% of imports, Pakistan for 1.6%, and Singapore for 0.8%, together representing 66.2% of total imports.

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

Market behavior was volatile during these years. Imports hit their lowest point in 2017 and peaked in 2019, with a 6.6-fold difference. In 2020, Oceania's in-shell almond imports in value terms amounted to 1.2 million US dollars, a 56.9% reduction from the previous year. The highest value was recorded in 2019 at 2.8 million US dollars. The largest increase was in 2018, with a rise of 186.6%.

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

In the 2017-2020 period, the leading sources for Oceania's in-shell almond imports in value terms were the United States, Pakistan, and Spain. The United States contributed 61.0% of imports, Pakistan 1.3%, and Spain 1.1%, collectively accounting for 63.4% of total flows.

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

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