The value of Australia's almond exports hit a record-high in the 2024-25 financial year on the back of growing demand in China, according to industry data.

The latest annual report from agricultural research and development firm Hort Innovation in Australia showed that the value of Australia's almond exports rose to 1.3 billion Australian dollars (925.6 million U.S. dollars) in 2024-25, an increase of 23 percent from the previous year.

The increase defied a 5 percent year-on-year drop in Australia's almond production and a 2 percent fall in the export volume in 2024-25.