MARKET REPORT
ALMOND MARKET UPDATE
Blue Diamond Almond Market Update — May 16, 2025
OVERVIEW April shipments totaled 241.1 million pounds, surpassing market expectations. Export shipments set a new monthly record at 187.8 million pounds, marking a 6% increase year over year, bringing the year-to-date total in line with last year’s performance. However, domestic shipments saw an 18% decline, with a downward trend over the past several months impacting total shipments. Year-to-date shipments now stand at just over 2 billion pounds, reflecting a 1.4% decline compared to the same period last year.
SHIPMENTS India:
April shipments totaled 45.9 million pounds, marking a 16% increase from the prior month and a 39% increase from the same period last year. The year-to-date gap stands at 4%, with total shipments reaching 307 million pounds, compared to 321.1 million pounds at this time last year. The 1,400+ containers shipped during the month highlight India’s efforts to stock up ahead of the upcoming early Diwali. Despite the ongoing geopolitical shifts, India continues to source the majority of its almonds from California. Demand is expected to remain strong through the first half of July, to ensure shipments arrive before Diwali. China/Hong Kong/Vietnam: Shipments to the region for the month totaled 9.2 million pounds, reflecting a 25% decrease compared to last year. Year-to-date shipments are trailing by 28%, as tariffs continue to impact new sales in the region. Chinese buyers are increasingly sourcing from Australia, as the tariff impact has made California almonds less competitive. With the recent announcement of a 45% U.S. tariff on shipments to China for a 90-day period, buyers may seek to hedge their positions against a potentially smaller Australian crop. Meanwhile, kernel sales into Vietnam continue to rise, driving a 45% increase in year-over-year shipments through April. Vietnam has become the preferred destination for manufacturing, as shifting geopolitical dynamics continue to alter global trade flows.
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ALMOND FACTS
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