7 Reasons Why Almond Exporters are Thriving in the Global Market
Almonds are one of the most popular nuts in the world, and for good reason. They are nutritious, delicious, and versatile. They can be eaten raw, roasted, salted, flavored, or turned into milk, butter, flour, oil, and more. Almonds are also in high demand in the global market, especially from countries like India, Spain, Germany, and China. In this article, we will explore seven reasons why almond exporters are thriving in the global market and how you can benefit from this lucrative industry.
1. Almonds are a healthy snack
Almonds are rich in protein, fiber, healthy fats, antioxidants, vitamins, and minerals. They can help lower cholesterol, blood pressure, blood sugar, and inflammation. They can also support brain health, skin health, and weight management. Almonds are a great snack for people who want to eat healthy and stay energized.
2. Almonds are a versatile ingredient
Almonds can be used in many different ways in cooking and baking. They can add crunch, flavor, and nutrition to salads, soups, stir-fries, desserts, and more. Almonds can also be ground into flour or paste to make gluten-free or vegan products. Almonds can also be pressed into oil or milk to make dairy-free or low-carb alternatives.
3. Almonds are a sustainable crop
Almonds are grown in California, which is the only state in the US that produces almonds commercially. California has a Mediterranean climate that is ideal for almond cultivation. Almonds are also drought-tolerant and use less water than other crops. Almonds are also beneficial for the environment because they provide habitat for bees and other pollinators.
4. Almonds are a profitable export
The US is the dominant supplier of almonds in the world, exporting about 1.6 billion pounds of almonds in 2019/2020. The top four countries that were recipients of US almond exports in 2019/2020 were India, Spain, Germany, and China. These countries have a growing demand for almonds due to their rising incomes, population growth, urbanization, and health awareness.
5. Almonds are a competitive advantage
Almond exporters have a competitive advantage over other nut exporters because of their quality, variety, and innovation. US almonds are known for their high quality standards and food safety regulations. US almonds also come in different sizes, shapes, colors, and flavors to suit different preferences and markets. US almonds also have a strong brand identity and marketing support from organizations like the Almond Board of California.
6. Almonds are a future-proof investment
Almond exporters can expect to see a steady growth in the global market for almonds in the future. According to a report by Grand View Research, the global almond market size is expected to reach USD 15.08 billion by 2025, registering a compound annual growth rate (CAGR) of 10.5%. The report cites factors such as increasing consumer awareness about health benefits of almonds, rising demand for plant-based products, and expanding applications of almonds in various industries.
7. Almonds are a rewarding career choice
Almond exporters can enjoy a rewarding career choice that offers them opportunities to travel the world, meet new people, learn new cultures, and make a positive impact on society and the environment. Almond exporters can also work with passionate and professional people who share their vision and values.
Almond exporting is a thriving industry that offers many benefits for both consumers and producers. By choosing almonds as your product of choice, you can enjoy a healthy snack, a versatile ingredient, a sustainable crop, a profitable export, a competitive advantage, a future-proof investment, and a rewarding career choice.
Almond Exporters: A Statistical Analysis of the Global Demand
Almonds are one of the most popular and nutritious nuts in the world, with a wide range of applications in food, cosmetics, and pharmaceutical industries. Almonds are also a major export commodity for some countries, especially the United States, which is the largest producer and exporter of almonds globally. In this blog post, we will analyze the statistics of almond exports and the factors that affect the global demand for this product.
The United States: The Dominant Supplier of Almonds
The United States of America is the world’s largest exporter of almonds, with a market share of 60% recorded in 2020 . As California almond growers consistently produce yields at record or near record levels year after year; India continues to be the top foreign market of US almonds export in 2021 . According to the Agricultural Marketing Resource Center, the 2020 almond crop totaled 2.25 billion pounds valued at $5.5 billion . The export value of fresh or dried almonds in shell worldwide in 2022 is projected to be about 1.2 billion U.S. dollars .
The top four countries that were recipients of United States almond exports in 2019/2020 were India, Spain, Germany, and China . Approximately 70 percent of U.S. almonds are exported as shelled almonds, with the remainder being either unshelled or manufactured . The United States also imported 26.3 million tons of almonds in the 2019/2020 crop year .
The Factors that Influence the Global Demand for Almonds
The global demand for almonds is influenced by several factors, such as consumer preferences, health awareness, income levels, population growth, trade policies, and environmental conditions. Some of the factors that have contributed to the increasing demand for almonds are:
Consumer preferences
Almonds are widely consumed as snacks, ingredients in manufactured goods, such as cereal and granola bars, ice cream, confectionaries and baked goods, and as alternatives to regular wheat flours and dairy products in the gluten-free and vegan markets . The expanding consumer palate for international cuisines that use almonds and a growing Middle Eastern population may also help increase the demand for almonds .
Health awareness
Almonds are rich in protein, fiber, healthy fats, vitamin E, magnesium, and antioxidants, which can provide various health benefits, such as lowering cholesterol levels, improving blood sugar control, enhancing skin health, and reducing the risk of cardiovascular diseases and some cancers . The health benefits of almonds have been widely promoted by various organizations, such as the Almond Board of California and the International Nut and Dried Fruit Council .
Income levels
Almonds are considered a high-value product that requires a certain level of income to afford. As income levels rise in developing countries, such as India and China, the demand for almonds may also increase . According to a study by Zhang et al. (2018), income elasticity of demand for almonds in China was estimated to be 1.32, meaning that a 1% increase in income would lead to a 1.32% increase in demand for almonds .
Population growth
Population growth is another factor that can affect the demand for almonds, as more people means more potential consumers. According to the World Bank, the world population is expected to reach 8.5 billion by 2030 and 9.7 billion by 2050 . The population growth rate is especially high in some of the major almond importing countries, such as India and China .
Trade policies
Trade policies can also have an impact on the demand for almonds, as they can affect the availability, price, and quality of the product. Trade policies can include tariffs, quotas, subsidies, sanitary and phytosanitary measures, technical barriers to trade, and trade agreements . For example, in 2018, China imposed a 25% retaliatory tariff on U.S. almonds in response to the U.S.-China trade war . This tariff increased the price of U.S. almonds in China and reduced their competitiveness against other suppliers, such as Australia and Chile .
Environmental conditions
Environmental conditions can also affect the demand for almonds, as they can influence the production and quality of the product. Environmental conditions can include climate change, water availability, pest infestation, disease outbreak, and natural disasters . For example, California experienced a severe drought from 2012 to 2016 that reduced its water supply and affected its almond production . Climate change can also alter the flowering and pollination of almond trees and increase the risk of heat stress and frost damage .
Almonds are a valuable and versatile product that has a high global demand. The United States is the dominant supplier of almonds, but it faces competition from other countries and challenges from various factors that affect the demand for almonds. To maintain its market share and meet the growing demand, the U.S. almond industry needs to adopt strategies that can enhance its production efficiency, product quality, market diversification, and environmental sustainability.
References:
https://www.cdfa.ca.gov/Statistics/PDFs/2020_Exports_Publication.pdf
https://www.mdpi.com/2071-1050/14/11/6409
https://www.healthline.com/nutrition/9-proven-benefits-of-almonds
https://www.almonds.com/consumers/about-almonds/almond-nutrition
https://www.researchgate.net/publication/341109551_The_Global_Demand_for_Almonds
https://ageconsearch.umn.edu/record/276195/
https://data.worldbank.org/indicator/SP.POP.TOTL
https://www.mdpi.com/2071-1050/14/11/6409
https://www.researchgate.net/publication/341109551_The_Global_Demand_for_Almonds
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