Almonds: high exports reduce carry-over stocks
January 23, 2025 at 9:22 AM ,
Der AUDITOR
Exports remain record-breaking
Boosted by the free trade agreement between Australia and China, Australian almond exports set a new record in November 2024. According to the Managing Director of the Almond Board of Australia, Tim Jackson, the uncertainty surrounding a possible trade war between the USA and China in 2025 could further fuel this demand.
In November 2024, a total of 15,427 mt of shelled and unshelled almonds were shipped domestically and overseas, an increase of 74.1% compared to the same month last year. Domestic shipments increased by 12.4% to 2,599 mt and the export volume also rose by 96% to 12,828 mt. China remains by far the most important sales market for Australia this season, after the country increasingly turned away from the USA as a trading partner in recent months. The country imported 9,239 mt from Australia in November, an increase of 417.9% compared to the same month last year. Meanwhile, shipments to Turkey (+88.7% to 1,406 mt) and Germany (+108.1% to 697 mt) also increased in this period, while countries such as India (-29.8% to 550 mt), Vietnam (-71.7% to 516 mt) and Spain (-51.8% to 149 mt) drastically reduced their imports.
Since the start of the 2024/2025 season on 1 March 2024, a total of around 143,921 mt of Australian almonds with and without shells have been shipped domestically and overseas. While domestic shipments increased by just 0.8% year-on-year to 20,064 mt, exports rose by 35.2% to 123,857 mt. Shipments to China more than doubled year-on-year to 69,964 mt. While deliveries to India remained relatively stable at 17,158 mt, Germany (+36.3% to 4,119 mt) and the United Arab Emirates (+97.1% to 3,502 mt) also increased their imports noticeably. In contrast, shipments to Turkey (-8.2% to 7,926 mt), Vietnam (-44.1% to 5,288 mt) and Spain (-64.4% to 3,263 mt) declined overall.
|
Australien almond shipments, in mt |
|||
|
Destination |
2023/24 |
2024/25 |
Diff. |
|
China |
31,437 |
69,964 |
122.6% |
|
Australia |
19,904 |
20,064 |
0.8% |
|
India |
17,138 |
17,158 |
0.1% |
|
Turkey |
8,635 |
7,926 |
-8.2% |
|
Vietnam |
9,464 |
5,288 |
-44.1% |
|
Germany |
3,022 |
4,119 |
36.3% |
|
UAE |
1,777 |
3,502 |
97.1% |
|
Spain |
9,174 |
3,263 |
-64.4% |
|
Thailand |
824 |
1,540 |
86.9% |
|
Netherlands |
1,282 |
1,234 |
-3.7% |
|
Others |
8,891 |
9,863 |
10.9% |
|
Total |
111,548 |
143,921 |
29.0% |
|
Almond Board of Australia; Mar-Nov Shelled and unshelled |
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Official crop forecast still pending
There are currently no reports on the new crop, which is likely to be imminent. Although the Almond Board of Australia had announced that the industry would publish its estimates in last week, there is no official forecast as yet. However, due to the high level of exports, small carry-over stocks are to be expected, as last year's crop was only 153,500 mt of shelled almonds.
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