GLOBAL ALMOND INDUSTRY

Due in part to the versatility, natural health benefits and shelf ready nature of almonds, the global demand & market for almonds is positive.  Global consumption is steadily increasing, having more than doubled over the past decade from 311,000 tonnes in 1998 to 657,000 tonnes in 2007.  The growth in demand is expected to continue. (Source “Australian Almond Statistics 2007” Australian Almond Board of Australia)

A recent survey of US consumers showed an increasing awareness of the positive health benefits of almonds which continues to push demand to include almonds in a range of products.

 

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(Source Almond Board of California – 2006 Almanac)

 

The below graph shows global almond production and the proportion that Australia represents.

 

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Click on Graph for full size view.
(Source “Australian Almond Statistics 2007” Australian Almond Board of Australia)

 

THE CALIFORNIA MARKET

California is by far the largest producer of Almonds, producing approximately 80% of the worlds supply. 

The various Almond boards in California, dominated by the California Almond Marketing Board have been actively working for a number of years to increase awareness in the market of the range of almond benefits. 

Spain is currently the largest importer of the California crop at 10% followed by Germany at 9%.

Californian crop size is the single most influential factor affecting the international market price for almonds.  California’s supply dominance means that USA producers set the world price in $US per pound.

 

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Click on Graph for full size view.
(Source Almond Board of California – 2007 Almanac)