Treenuts market in Australia

Earlier Report Observations

From 2018 to 2022, Australian treenut production more than doubled, reaching 445.7 thousand tonnes, while the domestic market volume grew to 338.8 thousand tonnes. This expansion was fueled by sustained investment in new almond orchards, supported by government R&D and market intelligence programs like 'Growing for Success'. A key driver was China's imposition of tariffs on US almonds in 2022, which made Australian almonds more competitive and boosted export demand, contributing to the overall market growth.

Production contracted to 386.6 thousand tonnes in 2023, reducing the market volume to 276.0 thousand tonnes. This decline was primarily caused by a severe drought in the Murray-Darling Basin, which threatened water availability for irrigated almond orchards. Concurrently, new packaging reporting obligations and tighter export controls introduced additional operational compliance costs for processors and manufacturers during this period.

The market's structure continued to evolve, with macadamia production projected to double by 2030, prompting significant investment in processing capacity. The industry also saw the emergence of new segments like pine nuts and broader adoption of sustainability certifications. Ongoing trade negotiations, such as with India, aimed to secure future tariff reductions and further market access for Australian nuts.

Production treenuts in Australia

In kind, 2018-2021, K t

From 2018 to 2021, Australia ranked 9th globally in treenuts production.

Top producers of treenuts, 2018-2021

World map of production of treenuts, 2018-2021

Australia's treenuts production grew for the third year in a row. In 2021, the country produced 393.4 K t of treenuts, marking a significant 24.9% increase from the previous year. Over the 2018-2021 period, production rose by 71.3%, with an average annual growth rate of 19.7%.

Annual dynamics of production in Australia in kind, 2018-2021, K t

In value, 2018-2021, M $ US

In 2021, Australia's treenuts output was valued at 2 089 M $ US, showing a strong 21.5% rise compared to 2020. Between 2018 and 2021, production increased by 40.3%, translating to an annualized rate of 12.0%. The largest drop occurred in 2020, at 3.4%.

Annual dynamics of production in Australia in value, 2018-2021, M $ US

Exports treenuts from Australia

Exports in kind, K t

In 2021, Australia's foreign treenuts supplies reached 134.2 K t, up 16.0% from the previous year. From 2018 to 2021, exports grew by 30.1%, with an average annual growth rate of 9.2%. The biggest decline was in 2020, at 3.1%.

Annual dynamics of product's exports from Australia in kind, 2018-2021, K t

Between 2018 and 2021, China, India, and Vietnam were the top destinations for Australia's treenuts exports in volume terms, accounting for 41.9%, 15.9%, and 9.3% of exports, respectively. Together, they made up 67.1% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia in kind, 2018-2021

Exports in value, M $ US

In 2021, Australia exported 712.4 M $ US worth of treenuts, a 12.9% increase from the previous year. From 2018 to 2021, exports rose by 6.6%, equivalent to an annualized rate of 2.1%. The lowest value was in 2020 at 631.3 M $ US, while the highest was in 2019 at 792.5 M $ US. The largest decline occurred in 2020, at 20.3%, and the biggest increase was in 2019, at 18.5%.

Annual dynamics of product's exports from Australia in value, 2018-2021, M $ US

From 2018 to 2021, China, India, and Vietnam were the three main markets for Australia's treenuts exports in value terms, together representing 59.0% of total exports.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia in value, 2018-2021

Imports treenuts to Australia

Imports in kind, K t

Australia's treenuts import volume fell for the second consecutive year. In 2021, imports totaled 45.2 K t, a moderate 3.6% decrease from 2020. Over the 2018-2021 period, imports dropped by 5.5%, with an average annual decline of 1.9%. The highest volume was in 2019 at 48.9 K t. The largest decrease was in 2020, at 4.1%, while the biggest increase was in 2019, at 2.2%.

Annual dynamics of product's imports to Australia in kind, 2018-2021, K t

Between 2018 and 2021, Vietnam, the Philippines, and the United States were the primary sources for Australia's treenuts imports in volume terms, with shares of 37.5%, 16.2%, and 14.8%, respectively. Combined, they accounted for 68.5% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia in kind, 2018-2021

Imports in value, M $ US

In 2021, Australia's treenuts import value was 256.5 M $ US, showing minimal change from 2020. From 2018 to 2021, imports decreased by 9.9%, equating to an annualized decline of 3.4%. The lowest value was in 2020 at 256.2 M $ US, and the highest was in 2019 at 292.7 M $ US. The largest drop occurred in 2020, at 12.5%, while the biggest rise was in 2019, at 2.8%.

Annual dynamics of product's imports to Australia in value, 2018-2021, M $ US

From 2018 to 2021, Vietnam, the United States, and Turkey were the key destinations for Australia's treenuts imports in value terms, with shares of 43.7%, 19.1%, and 9.6%, respectively. Together, they made up 72.4% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia in value, 2018-2021