In-shell almonds market in Spain

Earlier Report Observations

The Spanish in-shell almond market volume rose from 337 thousand tonnes in 2018 to 424 thousand tonnes in 2020. This expansion was primarily driven by increased almond cultivation area, especially in Andalusia and Valencia, which boosted domestic production. Strong international demand from the EU, India, and China further pulled market volume upward, while variable climatic conditions like droughts and frosts in 2019 moderated yield growth.

Market volume then contracted to 372 thousand tonnes in 2021 and 267 thousand tonnes in 2022 before recovering to 310 thousand tonnes in 2023. Climate directly affected price and production evolution in 2021, leading to lower yields. The recovery in 2023 was underpinned by a rise in domestic consumption, fueled by European promotion campaigns co-financed by the EU. Growing consumer preference for organic almonds and increased dedicated cultivation area for organic production also supported market activity, even as droughts and high temperatures impacted rainfed output in regions like Andalusia.

Production in-shell almonds in Spain

In kind, 2017-2020, K t

Globally, Spain ranked as the world's second-largest producer of in-shell almonds from 2017 to 2020.

Top producers of in-shell almonds, 2017-2020

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

Spain's in-shell almond production grew for the third consecutive year. In 2020, the country produced 417.0 thousand tonnes, marking a robust 22.5% increase compared to the previous year. Over the 2017-2020 period, production rose by 63.2%, with an average annual growth rate of 17.7%.

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

Exports in-shell almonds from Spain

Exports in kind, t

Spain's exports of in-shell almonds increased for the third year in a row. In 2020, exports reached 6 528 tonnes, showing a sharp 32.7% year-over-year rise. Between 2017 and 2020, exports surged by 238.9%, corresponding to an annualized growth rate of 50.2%.

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

From 2017 to 2020, Italy, France, and Portugal were the primary destinations for Spain's in-shell almond exports by volume. Italy accounted for 38.8% of exports, France for 36.5%, and Portugal for 12.1%. Together, these three countries represented 87.4% of total export flows.

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

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

Exports in value, K $ US

Spain's in-shell almond exports by value grew for the third consecutive year. In 2020, exports were recorded at 28 509 thousand US dollars, reflecting a steep 70.5% year-over-year gain. Between 2017 and 2020, exports increased by 300.3%, equating to an annualized rate of 58.8%.

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

During the 2017-2020 period, France, Italy, and Germany were the main buyers of Spain's in-shell almonds by value. France accounted for 38.2% of exports, Italy for 30.9%, and Germany for 10.7%. Collectively, these three markets comprised 79.8% of total export value.

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

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

Imports in-shell almonds to Spain

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Imports bottomed in 2018 at 2 343 tonnes and peaked in 2020 at 13 223 tonnes, representing a 5.6-fold difference. In 2020, imports were 8.3% higher than the previous year. The largest decline occurred in 2018, falling by 30.1%, while the largest increase was in 2019, surging by 421.3%.

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

From 2017 to 2020, Portugal was the dominant source for Spain's in-shell almond imports by volume, holding a 79.6% share of total flows. The remaining volume was distributed among numerous other countries.

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

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

Imports in value, K $ US

Market performance showed noticeable fluctuations during this period. Imports by value dropped to a minimum in 2018 at 7 980 thousand US dollars and climbed to a maximum in 2019 at 27 538 thousand US dollars, a 3.5-fold shift. In 2020, imports stood at 26 885 thousand US dollars, indicating a slight 2.4% reduction compared to the prior year. The largest decline was in 2018, down 22.2%, while the largest increase was in 2019, up 245.1%.

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

Over the 2017-2020 period, Portugal and the United States clearly dominated Spain's in-shell almond import structure by value, with other countries accounting for the remaining share.

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

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