According to this report, although the value of global tree nut exports from the US, which reached $8.4 billion in 2020, was down by 7% compared to 2019, tree nuts remained the third export commodity for US farmers.
Export value to China-mainland, India and Canada was increased by 23%, 11% and 6% from 2019, respectively. However, this was offset by lower sales to China Hong Kong (-61%), the United Arab Emirates (-30%), Turkey (-27%) and the European Union + the United Kingdom (-8%).
In spite of record crops putting downward pressure on unit values, particularly for almonds (the unit value of almonds dropped around 20%), disruptions due to retaliatory tariffs and restrictive phytosanitary requirements, US exports continue to dominate the global almond, pistachio and walnut markets and they are expected to maintain its share worldwide. Exports to India keep increasing due to strong consumer demand for almonds, and to a lesser extent, walnuts, while Central and South America are potentially growing markets.
Export value to China-mainland, India and Canada was increased by 23%, 11% and 6% from 2019, respectively. However, this was offset by lower sales to China Hong Kong (-61%), the United Arab Emirates (-30%), Turkey (-27%) and the European Union + the United Kingdom (-8%).
In spite of record crops putting downward pressure on unit values, particularly for almonds (the unit value of almonds dropped around 20%), disruptions due to retaliatory tariffs and restrictive phytosanitary requirements, US exports continue to dominate the global almond, pistachio and walnut markets and they are expected to maintain its share worldwide. Exports to India keep increasing due to strong consumer demand for almonds, and to a lesser extent, walnuts, while Central and South America are potentially growing markets.