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Eastern Europe - Apricots - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Aug 1, 2019

Apricot Market in Eastern Europe - The Growth of Russian Imports Is Losing Momentum

IndexBox has just published a new report: 'Eastern Europe - Apricots - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the apricot market in Eastern Europe amounted to $318M in 2018, reducing by -5.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.5% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013, when the market value increased by 32% year-to-year. In that year, the apricot market reached its peak level of $361M. From 2014 to 2018, the growth of the apricot market remained at a lower figure.

Production in Eastern Europe

In 2018, the amount of apricots produced in Eastern Europe stood at 245K tonnes, picking up by 2.6% against the previous year. The total output volume increased at an average annual rate of +2.4% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013, when the output figure increased by 56% year-to-year. In that year, apricot production reached its peak volume of 281K tonnes. From 2014 to 2018, apricot production growth failed to regain its momentum. The general positive trend in terms of apricot output was largely conditioned by a temperate expansion of the harvested area and a noticeable growth in yield figures.

Exports in Eastern Europe

In 2018, exports of apricots in Eastern Europe amounted to 9.6K tonnes, shrinking by -17% against the previous year. The total exports indicated a slight growth from 2007 to 2018: its volume increased at an average annual rate of +1.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the apricot exports decreased by -36.3% against 2016 indices. The growth pace was the most rapid in 2016, when exports increased by 51% y-o-y. In that year, apricot exports attained their peak of 15K tonnes. From 2017 to 2018, the growth of apricot exports remained at a lower figure.

In value terms, apricot exports stood at $9.2M (IndexBox estimates) in 2018. In general, apricot exports, however, continue to indicate a slight drop. The growth pace was the most rapid in 2016, when exports increased by 44% y-o-y. Over the period under review, apricot exports reached their peak figure at $17M in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Bulgaria (2.4K tonnes), Hungary (2.3K tonnes) and Moldova (1.9K tonnes) represented the largest exporters of apricots in Eastern Europe, constituting 68% of total export. It was distantly followed by Lithuania (1K tonnes), Poland (548 tonnes) and the Czech Republic (502 tonnes), together generating 22% share of total exports. Belarus (424 tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Bulgaria, while the other leaders experienced more modest paces of growth.

In value terms, the largest apricot markets in Eastern Europe were Hungary ($2.9M), Bulgaria ($1.5M) and Moldova ($1.4M), together accounting for 62% of total exports.

Export Prices by Country

The apricot export price in Eastern Europe stood at $962 per tonne in 2018, declining by -4.3% against the previous year. Over the period under review, the apricot export price continues to indicate a measured downturn. There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was the Czech Republic ($1,550 per tonne), while Belarus ($363 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by the Czech Republic, while the other leaders experienced mixed trends in the export price figures.

Imports in Eastern Europe

In 2018, imports of apricots in Eastern Europe amounted to 95K tonnes, shrinking by -10.7% against the previous year. The total imports indicated a prominent growth from 2007 to 2018: its volume increased at an average annual rate of +5.8% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the apricot imports increased by +45.9% against 2016 indices. In value terms, apricot imports amounted to $92M (IndexBox estimates) in 2018.

Imports by Country

Russia was the key importer of apricots in Eastern Europe, with the volume of imports resulting at 53K tonnes, which was near 56% of total imports in 2018. Poland (9.9K tonnes) ranks second in terms of the total imports with a 10% share, followed by the Czech Republic (8.2%), Romania (8.1%) and Bulgaria (5%). The following importers - Belarus (2.4K tonnes), Slovakia (2.2K tonnes) and Ukraine (2.1K tonnes) - together made up 7% of total imports.

From 2007 to 2018, average annual rates of growth with regard to apricot imports into Russia stood at +3.8%. At the same time, the Czech Republic (+10.9%), Romania (+10.6%), Slovakia (+10.2%), Bulgaria (+10.2%), Belarus (+8.5%), Poland (+7.7%) and Ukraine (+3.1%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest growing importer in Eastern Europe, with a CAGR of +10.9% from 2007-2018. Slovakia (-1.5%), Bulgaria (-3.3%), Romania (-5.4%), the Czech Republic (-5.6%), Poland (-5.8%) and Russia (-19%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($42M) constitutes the largest market for imported apricots in Eastern Europe, comprising 46% of total apricot imports. The second position in the ranking was occupied by Poland ($14M), with a 15% share of total imports. It was followed by the Czech Republic, with a 12% share.

Import Prices by Country

The apricot import price in Eastern Europe stood at $964 per tonne in 2018, rising by 3.8% against the previous year. In general, the apricot import price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2010, when the import price increased by 30% y-o-y. In that year, the import prices for apricots reached their peak level of $1,258 per tonne. From 2011 to 2018, the growth in terms of the import prices for apricots remained at a somewhat lower figure.

Import prices varied noticeably by the country of destination; the country with the highest import price was Slovakia ($1,530 per tonne), while Bulgaria ($358 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Slovakia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• FCL 526 - Apricots

This report provides an in-depth analysis of the apricot market in Eastern Europe. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Belarus

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Europe, split by region and country
• Trade (exports and imports) in Eastern Europe
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Belarus
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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