In 2023, China's supply of shelled almonds stood at 175.0 thousand metric tons. The forecast indicates a steady growth in supply from 182.85 thousand metric tons in 2024 to 216.3 thousand metric tons in 2028. This represents a year-on-year increase of approximately 4.5% for 2025 and 2026, and a slight decline in growth rate to around 4% by 2028. Over the five-year period, the compound annual growth rate (CAGR) is projected to be about 4.3%.
Future trends to watch for include:
- Potential impacts of environmental and policy shifts on agricultural yields and import strategies.
- Emerging trade agreements that might influence the supply chain dynamics.
- Demand fluctuations driven by changing dietary trends and consumer preferences in China.