USA Almond Industry Growth and Forecast for 2024/2025
Executive Summary
The USA almond production is poised for significant growth in the 2024/2025 season, showcasing a robust increase in crop output and a healthy buildup in stocks. This analysis offers a detailed comparison with the previous 2023/2024 season, highlighting the pivotal changes and expected industry impact.
Detailed Comparison and Analysis
Increase in Almond Crop: The almond crop has shown a notable increase from 1,121,381 metric tons (MT) in the 2023/2024 season to 1,339,300 MT in 2024/2025.
Total Supply Growth: Reflecting the higher crop yield, the total almond supply has risen from 1,481,580 MT to 1,566,300 MT.
Changes in Stock Levels: The beginning stock has decreased from 363,200 MT to 227,000 MT, whereas the ending stock is set to increase from 227,000 MT to 272,400 MT.
Overall Market Supply Increase: The market will experience an increase in ending stock by 45,400 MT, suggesting enhanced market availability.
Implications for the Almond Market
Market Dynamics: The increase in almond production and ending stocks could potentially stabilize prices and improve supply chain robustness.
Strategic Opportunities: Producers and marketers might find opportunities in expanding their market reach or enhancing export capabilities due to the increased availability.
Consumer Impact: Greater supply could lead to more competitive pricing and increased consumption.
Conclusion
The 2024/2025 season marks a promising period for the USA almond industry, with increased production and improved stock levels enhancing market prospects. This report serves as a crucial resource for stakeholders to navigate the upcoming market conditions and align their strategic initiatives accordingly.
