Shelled almonds market in Spain

Earlier Report Observations

Between 2018 and 2020, the Spanish shelled almonds market volume showed volatile movements. Strong international demand from the United States, China, and India in 2018–2019 boosted export activity, temporarily reducing domestic availability. By 2020, increased production, driven by the expansion of irrigated acreage and the adoption of frost‑resistant varieties, coupled with growing European demand, helped lift the market volume to 125.6 thousand tonnes.

From 2021 onward, repeated spring frosts and droughts in Andalusia, Aragon, Castilla‑La Mancha, and Valencia caused a significant drop in harvests. This led to a contraction in market volume in 2021 and 2022, exacerbated by a global supply shortfall. A turnaround came in 2023 when the ‘Sustainable EU Almond’ promotional campaign raised consumer awareness of health benefits, spurring a 32.6% rise in domestic consumption. At the same time, a partial production recovery, supported by further growth in irrigated area, allowed the market volume to rebound to 101.4 thousand tonnes.

Production shelled almonds in Spain

In kind, 2017-2020, K t

From 2017 to 2020, Spain held the second position globally in the production of shelled almonds.

Top producers of shelled almonds, 2017-2020

World map of production of shelled almonds, 2017-2020

Spain's production of shelled almonds grew for the third year in a row. In 2020, the country produced 121.4 K t of shelled almonds, marking a significant year-on-year increase of 20.2%. Between 2017 and 2020, production rose by 64.8%, which translates to an annualized growth rate of 18.1%.

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

In value, 2017-2020, M $ US

The value of shelled almonds production in Spain increased for the third consecutive year. In 2020, output was valued at 863.1 M $ US, showing a strong advance of 17.4% compared to the previous year. From 2017 to 2020, production value grew by 58.3%, equivalent to an annualized rate of 16.5%.

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

Exports shelled almonds from Spain

Exports in kind, K t

After two years of growth, Spain's volume of shelled almonds exports declined. In 2020, export volume totaled 95.2 K t, a decrease of 7.4% from 2019. Over the period 2017-2020, exports increased by 20%, with a compound annual growth rate (CAGR) of 6.3%. The peak was recorded in 2019 at 102.9 K t, with the largest increase of 15.2% also occurring that year.

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

From 2017 to 2020, Germany (23.0% of exports in kind), Italy (17.7%), and France (16.7%) were the leading destinations in the structure of exports in kind, together accounting for 57.5% of total 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, M $ US

Following a two-year rise, Spain's foreign shelled almonds supplies declined. In 2020, exports amounted to 677.1 M $ US, a drop of 9.6% compared to 2019. Between 2017 and 2020, exports increased by 15.3%, equating to an annualized rate of 4.9%. The maximum value was recorded in 2019 at 748.9 M $ US, with the largest increase of 13.8% also in that year.

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

In 2017–2020, Germany (22.7% of exports in value terms), Italy (17.4%), and France (16.6%) were the main destinations in the geographical breakdown of shelled almonds exports from Spain by value, with a combined share of 56.7% of total flows.

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

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

Imports shelled almonds to Spain

Imports in kind, K t

After a two-year decline, Spain's shelled almonds imports increased. In 2020, Spain imported 98.3 K t of shelled almonds, up by 1.3% from the prior year. Over the period 2017-2020, imports decreased by 6.2%, with a CAGR of -2.1%. The lowest value was recorded in 2019 at 98.3 K t, with the largest decline of 7.3% also in that year.

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

From 2017 to 2020, the United States was the primary source for imports in kind, accounting for 87.8% of total flows, while other markets formed a long tail of smaller partners.

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, M $ US

Shelled almonds shipments to Spain from abroad declined for the second consecutive year. In 2020, imports amounted to 553.9 M $ US, indicating a contraction of 3.3% compared to 2019. Between 2017 and 2020, imports decreased by 3.8%, equating to an annualized rate of -1.3%. The maximum value was recorded in 2018 at 585.2 M $ US, with the largest increase of 1.6% also in that year.

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

In 2017–2020, the United States clearly dominated the list of suppliers of shelled almonds to Spain, taking 90.2% of total imports in value terms.

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

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