Europe: Europe reported a total of 66.5 million pounds in shipments for April, reflecting a 23% increase year over year, bringing the continent’s year-to-date total to -1%. Many European buyers have maintained a hand-to-mouth purchasing approach throughout the year, which was particularly evident this month following a slow March. Two key markets, Spain and Germany, have seen declines this year, but this has been offset by growth in the Netherlands and Italy, which have increased by 28% and 10%, respectively. Both countries have now surpassed Germany in the rankings of European almond importers. With coverage for the rest of the year still pending, demand is expected to remain steady. Middle East: The Middle East experienced another strong month of shipments, totaling 29.8 million pounds, reflecting an 8% increase compared to April 2024. Year to date, the region is up 13%, maintaining strong demand for California almonds and proving to be a consistent bright spot for the industry this year. Several countries in the region have seen significant growth compared to last year, with Turkey up 24%, Jordan up 39%, and Saudi Arabia up 34%. Although Turkey had a slower month in April, Mersin continues to serve as a major trade hub, along with Dubai. Buyers in the region have secured nearby coverage but will likely seek additional purchases to cover their July-forward needs as we approach the transition period before the new crop. Domestic: April shipments totaled 53.3 million pounds, marking a 17.8% decline compared to last year, bringing year-to-date shipments to 518.8 million pounds, a 5.2% decrease from the prior year. New sales for April amounted to just over 51 million pounds, resulting in commitments of 202.5 million pounds, down 16.97% compared to crop year 2023. The domestic market has now seen six consecutive months of decline compared to the previous year, with the last two months showing declines exceeding 17%. While consumer spending and point-of-purchase decisions have moderated, there is potential for stabilization in the coming months.
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MAY–JUNE 2025
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