Almond Market Overview in Argentina
In value terms, almond production dropped to $ in 2018 estimated in export prices. In general, production continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of % y-o-y. Almond production peaked at $ in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.
In 2018, the average yield of almonds in Argentina was estimated at tonnes per ha, leveling off at 2017. Overall, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the yield increased by % against the previous year. As a result, the yield reached the peak level of tonnes per ha. From 2011 to 2018, the growth of the average almond yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2018, approx. ha of almonds were harvested in Argentina; surging by % on the previous year. Over the period under review, the total harvested area indicated a pronounced increase from 2007 to 2018: its figure increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, almond harvested area increased by +% against 2014 indices. The most prominent rate of growth was recorded in 2012 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to almond production attained the peak figure in 2018 and is expected to retain growth in the immediate term.
The value of the almond market in Argentina shrank slightly to $ in 2018, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible decline. The pace of growth was the most pronounced in 2013 when the market value increased by % against the previous year. Almond consumption peaked at $ in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.