
World - Apricots - Market Analysis, Forecast, Size, Trends and Insights
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Spain and Italy Firmly Expand Apricot Exports
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 rose slightly to $5B in 2021, growing by 4.9% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by 17% y-o-y. Global consumption peaked at $5.5B in 2013; however, from 2014 to 2021, consumption remained at a lower figure.
Apricot Consumption by Country
The countries with the highest volumes of apricot consumption in 2021 were Turkey (840K tonnes), Uzbekistan (523K tonnes) and Iran (332K tonnes), together accounting for 43% of global consumption.
From 2007 to 2021, the most notable rate of growth in terms of apricot consumption, amongst the leading consuming countries, was attained by Uzbekistan, while apricot consumption for the other global leaders experienced more modest paces of growth.
In value terms, Turkey ($1.1B), Uzbekistan ($542M) and Iran ($397M) were the countries with the highest levels of market value in 2021, with a combined 40% share of the global market. Italy, France, Algeria, Pakistan, Greece, Morocco, Egypt, Russia, Afghanistan and Ukraine lagged somewhat behind, together accounting for a further 30%.
The countries with the highest levels of apricot per capita consumption in 2021 were Uzbekistan (15 kg per person), Turkey (9.86 kg per person) and Greece (9.54 kg per person).
From 2007 to 2021, the most notable rate of growth in terms of apricot per capita consumption, amongst the key consuming countries, was attained by Uzbekistan, while apricot per capita consumption for the other global leaders experienced more modest paces of growth.
Apricot Production
In 2021, the volume of apricots produced worldwide expanded slightly to 3.9M tonnes, picking up by 4.3% against 2020 figures. The total output volume increased at an average annual rate of +1.1% over the period from 2007 to 2021.
In value terms, apricot production rose to $4.8B in 2021 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by 16% y-o-y. Global production peaked at $5.6B in 2013; however, from 2014 to 2021, production remained at a lower figure.
Production by Country
The countries with the highest volumes of apricot production in 2021 were Turkey (840K tonnes), Uzbekistan (533K tonnes) and Iran (332K tonnes), together accounting for 44% of global production.
From 2007 to 2021, the most notable rate of growth in terms of apricot production, amongst the key producing countries, was attained by Uzbekistan, while apricot production for the other global leaders experienced more modest paces of growth.
Apricot Exports
Global apricot exports declined sharply to 281K tonnes in 2021, which is down by -15.2% against the previous year. In general, total exports indicated moderate growth from 2007 to 2021: its volume increased at an average annual rate of +2.7% over the last fourteen-year period.
In value terms, supplies fell slightly to $463M in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2007 to 2021.
Exports by Country
In 2021, Spain (97K tonnes) represented the key exporter of apricots, making up 35% of total volume. Italy (31K tonnes) occupied the second position in the ranking, followed by Afghanistan (21K tonnes), Greece (17K tonnes), South Africa (15K tonnes) and France (14K tonnes). All these countries together held approx. 35% share of total exports. Uzbekistan (9.6K tonnes), Kyrgyzstan (9K tonnes), Jordan (7.5K tonnes), Moldova (6.5K tonnes), the U.S. (6.4K tonnes), Lebanon (5.8K tonnes) and Armenia (5.3K tonnes) held a little share of total exports.
In value terms, Spain ($197M) remains the largest apricot supplier worldwide, comprising 43% of global exports. The second position in the ranking was occupied by Italy ($67M), with a 14% share of global exports. It was followed by France, with an 8.2% share.
From 2007 to 2021, the average annual rate of growth in terms of value in Spain amounted to +11.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+8.3% per year) and France (-7.8% per year).
Export Prices by Country
The average apricot export price stood at $1,648 per tonne in 2021, growing by 18% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was France ($2,738 per tonne), while Kyrgyzstan ($428 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Armenia, while the other global leaders experienced more modest paces of growth.
Apricot Imports
In 2021, overseas purchases of apricots decreased by -1.3% to 316K tonnes, falling for the fourth consecutive year after two years of growth. Overall, total imports indicated temperate growth from 2007 to 2021: its volume increased at an average annual rate of +3.6% over the last fourteen years.
In value terms, apricot imports expanded sharply to $496M in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2007 to 2021.
Imports by Country
In 2021, Russia (49K tonnes) and Germany (47K tonnes) represented the key importers of apricots in the world, together comprising 30% of total volume. It was distantly followed by Kazakhstan (25K tonnes), Iraq (19K tonnes), France (19K tonnes) and Italy (14K tonnes), together achieving a 24% share of total imports. Austria (12K tonnes), Saudi Arabia (12K tonnes), Switzerland (10K tonnes), Pakistan (10K tonnes), Poland (7.9K tonnes), the UK (6.5K tonnes) and Romania (6.2K tonnes) followed a long way behind the leaders.
In value terms, Germany ($113M) constitutes the largest market for imported apricots worldwide, comprising 23% of global imports. The second position in the ranking was occupied by Russia ($56M), with a 11% share of total purchases. It was followed by France, with a 7.7% share.
In Germany, apricot imports expanded at an average annual rate of +2.5% over the period from 2007-2021. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+3.6% per year) and France (+6.1% per year).
Import Prices by Country
The average apricot import price stood at $1,572 per tonne in 2021, picking up by 13% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($3,038 per tonne), while Pakistan ($296 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Romania, while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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