Benefiting from Australia's FTA with China, Australian Almond exports hit another record in November 2024, German media outlet Mundus Agri reported. According to Tim Jackson, managing director of the Australian Almond Association (ABA), uncertainty triggered by a potential trade war between the US and China in 2025 will further drive demand growth.

Jackson said total shipments for the first nine months of the season were 143,921 tons, and most processors will have very low carry-over stocks in 2025 due to total production for the season estimated at 153,500 tons. China and India, the two most important overseas markets for Australian Almond, now account for over 70% of its total exports.

Based on shipping data since the start of the March 2024 season for Australian Almond, and shipping data for US California Almond transshipped via Vietnam, 69,964 tons of Australian Almond have been exported to China in the season (March to November), compared to 49,752 tons of California Almond (plus Vietnam's transshipment portion) exported (March to December). Australian Almond has gained the majority of China's market share, replacing the United States as the largest supplier of Chinese Almond

In November 2024, Australia's shipments of shelled and hulled Almond to its domestic and overseas markets totaled 15,427 tons, up 74.1 percent from the same month last year. Its domestic shipments were up 12.4% year-on-year to 2,599 tons, while exports were up 96% to 12,828 tons. China, which has drifted away from its trade partnership with the United States in recent months, has been the most important export market for Australian Almond in the season. China imported 9,239 tonnes of Almond from Australia in November, an increase of 417.9% year-on-year. During the period, exports of Australian Almond to Turkey were up 88.7% to 1,406 tons, exports to Germany were up 108.1% to 697 tons, exports to India were down 29.8% to 550 tons, exports to Vietnam were down 71.7% to 516 tons, and exports to Spain were down 51.8% to 149 tons.

Since the start of the 2024/25 season on March 1, 2024, Australia has exported about 143,921 tons of shelled and de-shelled batanas. While its domestic shipments of 20,064 tons were only marginally up 0.8 percent year-on-year, exports were up 35.2 percent to 123,857 tons. Exports to China rose 123% year-on-year to 69,964 tons during the quarter; exports to India remained relatively stable at 17,158 tons; and exports to Germany and the UAE also increased significantly, by 36.3% and 97.1% to 4,119 tons and 3,502 tons, respectively. In contrast, exports of Australian Almond to Turkey fell by 8.2% to 7,926 tons, to Vietnam by 44.1% to 5,288 tons and to Spain by 64.4% to 3,263 tons.