1 / 20

Almond Presentation January 2013 Presented by - Bill Morecraft General Manager

Almond Presentation January 2013 Presented by - Bill Morecraft General Manager Blue Diamond Almonds Global Ingredients Division. Almond Overview. Growth Drivers and Historical Context Current Year Overview Looking Ahead. The Global Middle Class.

aimee
Download Presentation

Almond Presentation January 2013 Presented by - Bill Morecraft General Manager

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Almond Presentation January 2013 Presented by - Bill Morecraft General Manager Blue Diamond Almonds Global Ingredients Division

  2. Almond Overview • Growth Drivers and Historical Context • Current Year Overview • Looking Ahead

  3. The Global Middle Class

  4. The Global Middle Class is Evolving • The middle class is not easily defined • “Purchasing Power Parity” (PPP) • Developing Economies = US $10,000 • Established Economies = US $45,000 - $75,000 • We have seen very diverse results in middle class growth when looking at developing economies versus economies with an established middle class • Two trends haven driven almond industry growth in recent years • Growing Middle Class • Growth in Healthy Eating Habits Source: Euromonitor, “The Global Middle Class Sees Mixed Fortunes, October - 2012

  5. Rapidly Growing Middle Class in World’s Two Largest Countries 99% Growth Number of Households (millions) 63% Growth 2006 2011 2006 2011

  6. Almond Shipments to China Have Grown Nearly 1000% Millions Pounds

  7. Almond Shipments to India Have Grown 145% Millions Pounds

  8. Percent of Households With PPP of US $45,000 to US $75,000 2006 v 2011 2006 v 2011 2006 v 2011

  9. Evolving Eating Habits • Snacking Fills the Mealtime Gaps • Convenience / portability • Ability to eat on-the-go • Increase in healthy • offerings, e.g. 100 calorie • pack • BusierLifestyles • Shorter lunch breaks / • working during lunch • Longer working hours • Longer commutes • Healthy Lifestyles • Desire to combine health & • convenience • Lower sodium, less fat, natural ingredients, functional ingredients • Helps fuel demand for Western products in emerging markets • Working Women • More women in workforce • and less time cooking • Demand for convenience • Healthy solutions Source: Euromonitor, “Home Cooking & Eating Habits, A Global Analysis. April - 2012

  10. AlmondIndustry Shipments5-year History 78% Growth Between 2007-12 Millions / lbs. 14% 13% 6% 10% 18%

  11. Export Demand Comparisons Asia Growth 2007-2012 154% Millions / lbs. Source: Almond Board of California Position Reports. Asia does not include Australia or New Zealand. Middle East does not include Africa. Europe is inclusive of Western & Eastern Europe.

  12. Demand Share Comparisons

  13. CurrentCrop Year Overview

  14. YTD December- Total Industry Shipments -.9% YTD China +10% 267.7mm North America +5% 255.2m 155.8mm 141.5m

  15. 2012 California Almond Crop Pounds / Billions

  16. Short Term Outlook Growth in Shipments vs. 2012 Supply Increase

  17. Yield Trend

  18. Trended Crop Projections

  19. Key Factors for Future • Global demand can continue to grow, driven by: • Middle class growth in emerging economies • Changing eating habits in mature economies • Global almond production will grow slower in next 2-3 years, than in past decade • Almond pricing will reflect supply tightness for the near future

  20. Questions?

More Related