Datamyne
User:

Pass:

Forgot Password?

Production Maintenance Announcement - Descartes Datamyne Friday, September 20, 2019 – Please be advised that Descartes Systems Group will be performing maintenance starting on Friday, September 20 at 19:00PM GMT and ending at 20:00PM GMT.  This maintenance is to update the Linux Servers. Descartes Datamyne will be briefly unavailable during this time frame. Questions or concerns can be directed to the [email protected] Please reference CHN-9464.

Mac Users: Datamyne requires adjustments
to your browser's security settings.

View instructions HERE

Minimum system reqs for Datamyne 3.0:

IE 11 or higher, and current versions of Chrome, Firefox, and Safari are fully supported. Your browser must have JavaScript enabled. Please clear your cache if upgrading from 2.1. You may need to adjust security settings to enable Excel downloading.

If you are having trouble logging in, please
CLICK HERE

Call 833.262.2315

Datamyne Blog

Covering trade & transport, with tips on using import-export data to advantage

Agricultural Juggernaut: California’s Almond Exports

Category: Exports, Trade Data

This caught our eye in the story about the reboot of US-India trade relations: Almonds round out India’s top five imports from the US.

Almonds are an export success story for the US – and for California in particular.

In fact, almonds are a leading US export crop, with about 30% going to domestic markets and 70% going to 90 countries around the world. Compare this to the approximately 20% of US production of fruits and nuts overall (HS08) that goes to exports. US almonds account for fully 80% of global supply – and California’s almond exports account for virtually all of it.

Blue Diamond, a cooperative formed in 1910 and currently owned by about half of California’s almond growers, has taken the lead in developing market demand for almonds in the US and overseas. “An agricultural juggernaut,” almonds have become a $4 billion industry and California’s No. 1 ag export in dollar terms in less than a decade, as Blue Diamond President and CEO Mark Jansen told the Sacramento Bee.

Multinational promotion and intensive product development drive the juggernaut. The Sacramento Bee story reports that Blue Diamond introduced 17 products last year and has landed a new deal to distribute Almond Breeze nondairy beverage in South Korea.

Our own data on the five years from 2009 to 2013 shows shelled almonds (HS 080212) climbing from No. 113 among US exports ranked by value to No. 66, with total exports of $3,208,803,977 (FOB value) last year. The top market for US shelled almonds is Hong Kong.

Unshelled almonds (HS 080211) ranked No. 429 in 2009 and No. 298 in 2013, with exports valued at $893,169,392. India is the leading market for these.

US Exports of Almonds 5-Year Trends

There are clouds on the horizon – or, rather, there aren’t, and that’s worrisome. Dry weather has slowed growth in almond export volume if not value. Compare the export value 5-year trend line above with this volume trend line:

US Exports of Almonds 5-Year Trend in Volumes

A Blue Diamond market update projects shipments for the 2014 crop declining by nearly 10%. Our US census data for the last 13 months confirms export volumes slipping this September compared to the same month last year. October and November are the peak export months.

US Almond Export Volumes Month-by-Month

Our maritime export data for October indicates a continued decline in volumes shipped. Here’s a look at the changes in the top 15 markets for US almonds:

US Maritime Exports of Almonds Comparing Oct 2013-2014

The slowdown reflects lagging production largely due to California’s ongoing drought. Because demand remains strong (with the exception of Russia), the shortfall in supply is boosting prices, and sustaining growers’ revenues – for now. But continued drought and emergency water restrictions may result in yet poorer crop yields, and buyers may start shopping for alternatives.

Based on wet weather forecasts, the California Department of Water Resources has projected an increased allocation of water in 2015. But the DWR cautions that the state’s reservoirs are too depleted to be filled by typical winter storms – California would need 150% of average precipitation to recover from this drought.

Date posted: December 5, 2014

Share

Comments are closed

Chat
Request
Demo