This story gives very encouraging data for the growth of the almond market. Caution is necessary because this situation could already have resulted in increased planting.
A good overview of how the total number of trees is changing with old trees being removed and new trees being planted.
(click image to visit the story)
Australia’s almond industry has shown a 60 per cent growth in the value of exports this year.
Julie Haslett, CEO of the Almond Board of Australia, said the increase in the global demand for almonds has contributed to the growth of Australia’s horticultural exports.
“World almond consumption has been growing at an average rate of nine per cent per annum over the last 10 years,” she explained. “Assuming a reduced annual growth rate of five per cent, the world’s demand for almonds is expected to exceed available supply within three years. The Australian almond industry is getting ready for this next surge in demand.”
Currently, 60 per cent of the Australian almond crop is exported to more than 40 countries around the world, making it Australia’s third largest horticultural export worth $120 million in 2008-2009. Strong export demand for Australia’s almonds is being driven by India and the Middle East, with the value of export sales to these regions having almost tripled since last year.
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