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On Hundred Billion Almond Market Launched

Pubtime:2021-02-02Author:Source: Hits:

Market demand of Almond is increasing at the speed of 4%-6% every year. California has 84% global yield (1.18 million ton). The domestic market demands in China is increasing at the speed of 8.4%-12% every year, but domestic yield can only meets 5% demands. The other 95% depends on import.

Take NP grade Almond entry price as example. The total import volume has exceeded CNY100 billion. Such a one hundred billion consumption market has taken shape under promotion of various snack food brands, but the difference with foreign market is still large. In EU, annual Almond consumption is 2.5 times as much as that in China; however, EU population is only half as much as Chinese population. The Chinese market for Almond has not been fully developed.

Under the background of import dependance for a long time, the raw materials of Almond in China become a big problem. At present, the Almond variety in Shache, Xinjiang cannot satisfy pursuit of domestic market for high-quality Almond products. Fortunately, such problem never beat down wise Chinese people. At present, high-quality Almond seedlings have been cultivated in Henan Province, which could compete with that in California, USA.