In 2023, China's shelled almonds production was recorded at 13.0 thousand metric tons. The forecast for 2024 suggests a 5.8% increase to 13.76 thousand metric tons. Continuing this upward trajectory, production is projected to grow by 4.9% in 2025, 4.6% in 2026, 4.4% in 2027, and 4.1% in 2028, reaching 16.41 thousand metric tons. The compound annual growth rate (CAGR) over this five-year period is approximately 4.76%, indicating consistent growth in China's shelled almond production.
Future trends to watch for include:
- Technological advancements in almond cultivation to further boost yield and quality.
- Potential policy shifts affecting agricultural exports and production incentives.
- Increased domestic and international demand driven by the health and wellness trend.
- Environmental factors and climate change impacts on almond farming regions.