Shelled almonds market in Southern Asia

Earlier Report Observations

The shelled almonds market in Southern Asia underwent a period of strong expansion from 2018 to 2023, with its total volume more than doubling from 50 500 t to over 100 800 t. This growth trajectory was marked by a significant acceleration in 2020, which set a new baseline for the market's scale in subsequent years.

Following the substantial increase in 2020, market growth continued at a more measured pace in 2021 and then stabilized near 83 400 t in 2022. A renewed expansion phase emerged in 2023, with volume rising by 21% to surpass 100 000 t, driven by a concurrent rise in both domestic output and import volumes during that year.

The overall market expansion was supported by a consistent increase in local production, which grew from 51 100 t to 90 900 t over the six-year period. While import and export flows showed volatility, the net supply available in the region demonstrated a clear upward trend.

Production shelled almonds in Southern Asia

In kind, 2017-2020, t

Top producers of shelled almonds, 2017-2020

World map of production of shelled almonds, 2017-2020

Southern Asia's shelled almond production has grown for the third year in a row. In 2020, the region produced 72 110 tonnes of shelled almonds, marking a significant increase of 21.5% compared to the previous year. From 2017 to 2020, production rose by 61.1%, with an average annual growth rate of 17.2%.

Annual dynamics of production in Southern Asia in kind, 2017-2020, t

Exports shelled almonds from Southern Asia

Exports in kind, t

The market showed notable fluctuations during this period. In 2019, exports reached their highest point at 9 230 tonnes, but by 2020, they had dropped to 2 837 tonnes, a decrease of 69.3% year-on-year. The difference between these peak and trough levels was 3.3 times. The largest increase occurred in 2019, with a jump of 195.7%.

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

From 2017 to 2020, exports in kind were distributed across various countries without a clear leader. Turkey accounted for 25.0% of exports, the United Arab Emirates for 7.4%, and Germany for 6.4%. Together, these three countries made up 38.8% of total exports, indicating a fragmented market structure.

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

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

Exports in value, K $ US

Southern Asia's shelled almond exports in value terms have increased for the second consecutive year. In 2020, exports totaled 60 705 thousand US dollars, showing a substantial rise of 16.4% compared to the previous year. However, over the period from 2017 to 2020, exports decreased by 8.5%, with an average annual decline of 2.9%. The lowest value was recorded in 2018 at 41 086 thousand US dollars, which saw the largest drop of 38.1%. In contrast, the largest increase occurred in 2019, with a growth of 26.9%.

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

Between 2017 and 2020, Turkey, Germany, and the United Arab Emirates were the top buyers of shelled almonds from Southern Asia in value terms, with shares of 20.8%, 5.5%, and 5.1%, respectively. Together, they accounted for 31.4% of total exports, reflecting a diversified country structure without a single dominant partner.

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

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

Imports shelled almonds to Southern Asia

Imports in kind, t

The market experienced volatility during these years. In 2017, imports were at a high, but by 2018, they had fallen to a low of 2 526 tonnes, a difference of 3.9 times. In 2020, imports rebounded to 8 779 tonnes, representing a sharp increase of 181.6% compared to the previous year. The largest decline occurred in 2018, with a drop of 74.3%.

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

From 2017 to 2020, the United States and Hong Kong dominated shelled almond imports in kind to Southern Asia, together making up 81.2% of total imports. Other countries held much smaller shares, highlighting the concentration in these two markets.

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

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

Imports in value, K $ US

The data shows irregular changes, pointing to a volatile market environment. In 2018, imports hit their lowest point at 9 609 thousand US dollars, but by 2020, they peaked at 41 419 thousand US dollars, a difference of 4.3 times. The 2020 figure reflects a significant uptick of 189.2% over the previous year. The largest decline was recorded in 2018, with a decrease of 72.0%.

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

Over the period 2017 to 2020, the United States, the United Arab Emirates, and Hong Kong were the main sources of shelled almond imports to Southern Asia in value terms. The United States accounted for 61.5% of imports, the United Arab Emirates for 17.0%, and Hong Kong for 16.3%. Together, they absorbed 94.8% of total imports, making them the primary directions for trade.

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

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