Oct 8, 2019

World - Apricots - Market Analysis, Forecast, Size, Trends and Insights

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Aug 12, 2019

Global Apricot Market 2019 - The Market Size Reached $5.9B, Growing Modestly But Robustly Over The Third Consecutive Year

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

The global apricot market revenue amounted to $5.9B in 2018, surging by 2.8% 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 +1.9% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008, with an increase of 21% y-o-y. Over the period under review, the global apricot market attained its peak figure level at $6.6B in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Production 2007-2018

Global apricot production amounted to 4.4M tonnes in 2018, growing by 4% against the previous year. The total output volume increased at an average annual rate of +2.8% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period.

Exports 2007-2018

In 2018, approx. 362K tonnes of apricots were exported worldwide; surging by 2.4% against the previous year. In general, the total exports indicated aoutstanding expansion from 2007 to 2018: its volume increased at an average annual rate of +6.2% 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 increased by +20.3% against 2012 indices. In value terms, apricot exports amounted to $458M (IndexBox estimates) in 2018.

Exports by Country

In 2018, Spain (101K tonnes) represented the key exporter for apricots, comprising 28% of total exports. Uzbekistan (43K tonnes) occupied the second position in the ranking, followed by France (37K tonnes), Turkey (36K tonnes), Italy (27K tonnes), Afghanistan (26K tonnes), Suriname (20K tonnes) and Greece (19K tonnes). All these countries together occupied approx. 57% share of total exports.

Exports from Spain increased at an average annual rate of +11.9% from 2007 to 2018. At the same time, Suriname (+120.3%), Uzbekistan (+21.5%), Afghanistan (+20.6%), Italy (+9.4%), Turkey (+8.3%) and Greece (+1.4%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest growing exporter in the world, with a CAGR of +120.3% from 2007-2018. By contrast, France (-2.6%) illustrated a downward trend over the same period. Spain (+20 p.p.), Uzbekistan (+10 p.p.), Afghanistan (+6.2 p.p.), Turkey (+5.8 p.p.), Suriname (+5.4 p.p.) and Italy (+4.6 p.p.) significantly strengthened its position in terms of the global exports, while France saw its share reduced by -3.4% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($174M) remains the largest apricot supplier worldwide, comprising 38% of global exports. The second position in the ranking was occupied by France ($51M), with a 11% share of global exports. It was followed by Uzbekistan, with a 10% share.

Export Prices by Country

The average apricot export price stood at $1,266 per tonne in 2018, growing by 3% against the previous year. Over the period under review, the apricot export price, however, continues to indicate a significant contraction. There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Spain ($1,725 per tonne), while Suriname ($392 per tonne) was amongst the lowest.

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

Imports 2007-2018

In 2018, the amount of apricots imported worldwide stood at 360K tonnes, declining by -3.9% against the previous year.In value terms, apricot imports stood at $377M (IndexBox estimates) in 2018.

Imports by Country

The imports of the twelve major importers of apricots, namely Russia, Germany, Iraq, Kazakhstan, Pakistan, France, Italy, the UK, Poland, Saudi Arabia, Austria and Switzerland, represented more than two-thirds of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iraq (+79.5% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($57M), Russia ($42M) and France ($36M) were the countries with the highest levels of imports in 2018, with a combined 36% share of global imports. Kazakhstan, the UK, Italy, Austria, Poland, Switzerland, Pakistan, Iraq and Saudi Arabia lagged somewhat behind, together comprising a further 36%.

Import Prices by Country

The average apricot import price stood at $1,048 per tonne in 2018, declining by -15.2% against the previous year. Overall, the apricot import price continues to indicate a deep shrinkage. There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was France ($1,705 per tonne), while Iraq ($213 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Kazakhstan, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• FCL 526 - Apricots

This report provides an in-depth analysis of the global apricot market. 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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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. GLOBAL 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. GLOBAL 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. GLOBAL 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

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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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