Shelled almonds market in Oceania

Earlier Report Observations

The shelled almond market in Oceania expanded significantly from 2018 to 2021, with market volume rising from 45.1 thousand tons to 83.4 thousand tons. This growth was driven by increased global almond production, particularly from the United States, which enhanced supply availability. Concurrently, consumer shifts towards healthier and organic foods during the COVID-19 pandemic boosted demand. Investments in local Australian production capacity and the emergence of new almond-based snack segments further stimulated market expansion.

By 2022, market volume dipped to 77.9 thousand tons as exports surged, outpacing domestic consumption growth. Major Australian players continued to expand their production facilities to meet regional demand, while international price fluctuations and exchange rate movements affected import costs. Stricter labeling and traceability regulations for food products, including almonds, were progressively adopted to ensure quality and safety.

In 2023, market volume contracted sharply to 25.5 thousand tons, primarily due to a substantial increase in exports to 82.7 thousand tons and a reduction in production to 103.4 thousand tons. Import levels remained relatively low at 4.8 thousand tons.

Production shelled almonds in Oceania

In kind, 2017-2020, K t

Top producers of shelled almonds, 2017-2020

World map of production of shelled almonds, 2017-2020

Oceania's shelled almond production has grown for the second year in a row. In 2020, the region produced 110.1 thousand tons of shelled almonds, marking a strong 13.4% increase from 2019. Looking at the period from 2017 to 2020, production rose by 46.1%, which translates to an average annual growth rate of 13.5%. The lowest production level was in 2018, at 69.9 thousand tons. That year also saw the largest decline, with a drop of 7.3%. In contrast, 2019 recorded the biggest increase, with production surging by 39.0%.

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

In value, 2017-2020, M $ US

After two years of growth, the value of shelled almond production in Oceania fell. In 2020, output was valued at 585.2 million US dollars, a significant 15.2% decrease from the previous year. Over the 2017-2020 period, production value still increased by 29.7%, with a compound annual growth rate of 9.0%. The peak value was in 2019, at 690.5 million US dollars, which also saw the largest increase of 49.2%.

Annual dynamics of production in Oceania in value, 2017-2020, M $ US

Exports shelled almonds from Oceania

Exports in kind, t

Oceania's shelled almond exports have risen for the second consecutive year. In 2020, the region exported 49 605 tons of shelled almonds, which is 22.2% higher than in 2019. From 2017 to 2020, exports grew by 49.5%, with an average annual rate of 14.3%. The lowest export volume was in 2018, at 31 726 tons. That year experienced the largest decline, with a drop of 4.4%, while 2019 saw the biggest increase, with exports jumping by 28.0%.

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

Between 2017 and 2020, shelled almond exports from Oceania were spread across a diverse range of partner countries. China accounted for 23.8% of exports in volume, Germany for 11.3%, and Spain for 9.1%. Together, these three countries made up just 44.1% of total export flows.

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

Following two years of growth, the value of shelled almond exports from Oceania declined. In 2020, exports were valued at 263.6 million US dollars, down 8.7% from the previous year. Over the 2017-2020 period, export value increased by 32.7%, with an average annual growth rate of 9.9%. The highest value was recorded in 2019, at 288.7 million US dollars, which also saw the largest increase of 37.4%.

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

From 2017 to 2020, the geographic distribution of shelled almond exports in value terms was highly diversified. China represented 26.9% of export value, Germany 12.0%, and Spain 7.4%. Combined, these three countries accounted for only 46.3% of total flows, with the remaining 53.7% distributed among numerous smaller partner countries.

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

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

Imports shelled almonds to Oceania

Imports in kind, t

Shelled almond imports into Oceania have decreased for the second year in a row. In 2020, import volume reached 6 453 tons, a 4.2% drop from the previous year. Between 2017 and 2020, imports fell by 6.9%, with an average annual decline of 2.3%. The highest import volume was in 2018, at 6 992 tons, which also saw the largest increase, albeit a modest 0.9%.

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

During the 2017-2020 period, the main sources for shelled almond imports into Oceania were the United States, accounting for 42.2% of import volume, Vietnam with 8.5%, and Spain with 6.9%. Together, these three countries made up 57.7% of total import flows.

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

The value of shelled almond imports into Oceania has declined for the third consecutive year. In 2020, imports were valued at 45.1 million US dollars, representing a 4.0% decrease from the previous year. Over the 2017-2020 period, import value dropped by 6.4%, with a compound annual decline rate of 2.2%.

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

From 2017 to 2020, the United States was the leading source for shelled almond imports into Oceania in value terms, accounting for 40.1%. Spain followed with 9.9%, and Vietnam with 7.8%. Together, these three countries absorbed 57.7% of total import value, making them the primary sources.

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

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