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Almonds: Spain's exports increase by 12%

July 27, 2022 at 12:55 PM, Der AUDITOR
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MADRID/SACRAMENTO. Spain's almond exports are picking up again at the end of the season, with Germany and France remaining the top buyers. Prices have stabilised for the time being after the last correction.

France increases imports by almost 25%

Spain could not achieve a good almond crop this year; unfavourable weather conditions have caused the result to shrink in comparison to last year. However, exports at the end of the season once again showed their best side. In May, 11,182 mt of almonds* were exported from Spain, which is an increase of 12% compared to the same month last year (May 2021: 9,975 mt). About half of the export volume went to Germany (+1% to 2,229 mt), France (+18% to 2,221 mt) and Italy (-9% to 1,818 mt), with the UK (+2% to 567 mt) and Turkey (+5,446% to 555 mt) being the other important destination countries.

Total exports this season so far come to 127,156 mt (+10% yoy), of which about one-third is expected to be processed almonds, the other two-thirds are almond kernels. France emerged as the main buyer of Spanish almonds in the 2021/2022 season, importing 30,526 mt, almost a quarter more than the year before. Germany, meanwhile, slipped to second place, even though imports also rose by 7% year-on-year to 26,323 mt. Italy is a major buyer with around 21,605 mt (+5.5%), followed by the UK (-23% to 5,321 mt), Belgium (+35% to 5,125 mt) and Portugal (+25% to 4,272 mt).

Almond exports, Spain, in mt

Destination

2020/21

2021/22

Diff.

France

24,663

30,526

23.8%

Germany

24,603

26,323

7.0%

Italy

20,477

21,605

5.5%

UK

6,886

5,321

-22.7%

Belgium

3,807

5,125

34.6%

Portugal

3,406

4,272

25.4%

Netherlands

4,669

4,221

-9.6%

Poland

3,678

4,209

14.4%

USA

2,701

2,388

-11.6%

Switzerland

2,202

2,282

3.6%

Others

18,561

20,883

12.5%

Total

115,653

127,156

9.9%

Spanish Ministry of Industry, Trade and Tourism; 01/08/2021-31/0572022

Prices stabilise

After the last correction, almond prices on the European spot market have stabilised again for the time being. Valencia, 12/14 mm, natural are currently at a level of EUR 4.50-4.55/kg FCA Spain, while US almonds of the Carmel variety, SSR, 23/25 are trading at EUR 4.80/kg FCA Spain.

Almonds

Type

EUR/kg

Valencia, 12/14 mm, natural, Spain

4.50-4.55

Valencia, +14 mm, natural, Spain

4.70-4.75

Nonpareil, Extra No 1, 23/25, USA

6.15

Carmel, SSR, 23/25, USA

4.80

FCA Spain

*These data include conventional and organic almonds as well as unprocessed and processed almonds exported from Spain, irrespective of their origin

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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

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price chart almonds, natural, 12-14 mm, Valencia
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price chart almonds, natural, 27-30, California SSR

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