World - Apricots - Market Analysis, Forecast, Size, Trends and Insights
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World - Apricots - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Apr 5, 2022

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.


Product coverage:
• FCL 526 - Apricots

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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

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 2030
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 2007–2021
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 2007–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Harvested Area, By Country, 2007-2021
Table 7:
Yield, By Country, 2007-2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
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, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Area Harvested, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2007-2021
Figure 25:
Yield, By Country, 2007-2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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