last updated 28 Oct 2020

California dominates global almond production, growing approximately 80 percent of the world’s crop, of which about 70 percent is exported to over 100 countries. The two largest import markets, India and China, purchase about 28 percent of exported almonds.

California dominates global almond production, growing approximately 80 percent of the world’s crop, of which about 70 percent is exported to over 100 countries. The two largest import markets, India and China, purchase about 28 percent of exported almonds.
As the global economy recovers in 2020, we expect almond prices to return to the mid-$2 per pound range, allowing growers to remain profitable. If prices unexpectedly remain soft, we would anticipate seeing replants of older or less productive trees (roughly 10.5 percent of plantings are over 20 years old) earlier than growers may have initially planned; in the long-run, this would be beneficial to nut pricing and orchard profitability.
Source: 2020 Almond Market - Covid 19 Impact Expectations | Peoples Company - Land Specalists

Production
Billion lbs.
Change price
/lb
change aceragelbs/acre
bearing change Non-bearing total
2020 3 16% $1.50 -41% 1,260,000 7% 2,381
2019 2.59 14% $2.55 13% 1,180,000 8% 350,000 1,530,000 10% 2,195
2018 2.27 $2.25 1,090,000 1,390,000 2% 2,083
2017 1,360,000
Prices 2020

Almond Variety Price History | Merlo Farming Group

SAMPLE COSTS TO ESTABLISHAN ORCHARD AND PRODUCEALMONDS Sac Valley 2019 | UC Extension
Summary of sample Cost
Economics of Growing Almonds - The Almond Board, 2010
Economic Impacts of California Almond Industry| UC Davis - AIC Ag Issues Center, 2014
2020 Almond Market - Covid 19 Impact Expectations | Peoples Company Apr, 2020

Links:
The Almond Board of California
Choices Magazine Online
Professor Dan Sumner Quoted in Bloomberg News about Strength of California Almonds - Agricultural and Resource Economics, UC Davis 2018
Tree Nuts making their mark out West Logan Hawkes Jan. 2019