Free of charge

Almonds: slump in exports and curious prices

November 6, 2023 at 10:48 AM , Der AUDITOR
Play report as audio

MADRID. Spain’s almond exports took a dip at the start of the current season. Alarm bells are ringing over the crop size, but prices have taken a rather modest turn.

Exports 20% down

Exports slipped by 20% to 7,987 mt in August as compared with last year. Shipments to France took a 31% hit and have witnessed sharp declines in Germany and Italy. Contrary to this, shipments to the Netherlands and Austria have risen sharply.

Almond exports, Spain (in mt)

Destination

2022

2023

Diff

France

2,814

1,954

-30.6%

Germany

2,129

1,752

-17.8%

Italy

1,412

1,077

-23.8%

Netherlands

240

340

41.7%

UK

316

307

-2.9%

Poland

302

299

-1.0%

Portugal

440

256

-49.9%

Belgium

311

251

-19.3%

Austria

80

219

173.7%

USA

165

127

-23.1%

Others

1,835

1,405

-23.5%

Total

10,044

7,987

-20.5%

Ministry of Industry, Tourism and Trade, Spain, 01/08-31/08

Prices still rather low

Suppliers have reaffirmed their estimate that the crop size ranges at 90,000 mt rather than the 120,000 mt anticipated in July as farmers reckon that they have lost around 30% of their crop. Issue is that the excessive heat in spring and summer coupled with a lack of water has reduced yields and kernel size. Sellers are quite clear that it will be difficult to supply large sizes. Yet, it should be noted that this year’s crop is still up on last year’s 60,000 mt. Prices may have risen sharply in Spain since September, but still range much lower than in 2022 and 2021.

Almonds

Conventional

EUR/kg

USD/kg

Valencia, 12/14 mm, natural, Spain

3.85

4.11

Valencia, +14 mm, natural, Spain

4.81

4.50

Guara, 12/14 mm, natural, Spain

3.80

3.98

California, SSR, 27/30, natural, USA

3.95

4.22

Carmel, SUP, 23/25, USA

4.62

4.93

FCA Spain

 

View more
price chart, almonds, natural, +14, Valencia
price chart, almonds, natural 13/14, Largueta
price chart, almonds, blanched, 27/30, California SSR
more price charts

Attached Files

File icon
price chart almonds natural California 27-30 SSR
File icon
price chart almonds natural Valencia 12-14 Spain

View related articles

Go to the News Overview
Nuts
Oct 30, 2025
ORDU. Trading on the Turkish hazelnut market was partially restricted this week due to Republic Day. Although prices have risen slightly again, the massive upward trend seems to have come to a halt for the time being. Exports have fallen sharply.
Nuts
Oct 27, 2025
ROME. The unusually early start to the season brought both advantages and disadvantages for Italian chestnut traders. The crop volume is twice as high as last year, and market players report good quality.
Nuts
Oct 24, 2025
ISTANBUL/SACRAMENTO. Due to the massive decline in yields, the Turkish government has approved pistachio imports from selected growing countries in order to relieve the domestic industry. While Turkey can export significantly fewer pistachios than last year, the USA has recorded an increase in exports of almost 28%.
Nuts
Oct 23, 2025
ORDU. The lack of demand is being felt on the Turkish hazelnut market, and prices have fallen significantly compared to last week. Many growers are holding back their goods and waiting for Ferrero to enter the market.