Almonds: China's imports have shifted significantly to Australia

Published 2024년 10월 15일

Tridge summary

Record breaking exports of Australian almonds in the first half of the 2024/25 season, with a 16.2% increase compared to the previous year, totaling 70,990 tonnes. Domestic deliveries saw a slight increase of 0.9%, while international deliveries surged by 19.2%, with China being the main buyer. The Australian Almond Board credits the growth to favorable pricing from the free trade agreement with China. In contrast, US almond exports to China have seen a significant decrease. The US almond industry is experiencing a sharp drop in carryover inventory for the 2024/25 season, along with a slight increase in the average export price of almond kernels per pound due to a decline in inventory and increased export demand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Thanks to strong export figures in recent months, total exports for the current season have also hit a record high. Between March and July 2024, domestic and international deliveries of Australian in-shell and shelled almonds totaled 70,990 tonnes, up 16.2% year-on-year. While domestic shipments were relatively stable at 10,187 tonnes in the first five months of the 2024/25 season, up just 0.9% year-on-year, exports increased 19.2% year-on-year to 60,803 tonnes. China remained the main buyer during this period. Imports more than doubled to 33,805 tonnes. Exports to Germany also increased by about 50% to 1,783 tonnes, while exports to larger buyers such as India, Turkey, Spain and Vietnam fell. The Australian Almond Board said the growth in exports to China was mainly driven by in-shell almonds, with more than 27,000 tonnes of in-shell almonds shipped so far this season, compared with more than 12,000 tonnes in the same period last year. Overall, exports to China increased ...

Source: Foodmate