Dried Apricot Price in New Zealand - 2023
Contents:
- Dried Apricot Price in New Zealand (CIF) - 2023
- Dried Apricot Price in New Zealand (FOB) - 2022
- Dried Apricot Imports in New Zealand
- Dried Apricot Exports in New Zealand
Dried Apricot Price in New Zealand (CIF) - 2023
In July 2023, the average dried apricot import price amounted to $6,684 per ton, picking up by 11% against the previous month. Over the period under review, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in April 2023 an increase of 18% month-to-month. The import price peaked at $8,049 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($8,503 per ton), while the price for South Africa ($5,399 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Apricot Price in New Zealand (FOB) - 2022
The average dried apricot export price stood at $5,562 per ton in 2022, with a decrease of -4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 51%. Over the period under review, the average export prices attained the peak figure at $6,728 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($7,051 per ton), while the average price for exports to French Polynesia ($3,661 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.1%), while the prices for the other major destinations experienced a decline.
Dried Apricot Imports in New Zealand
In 2022, imports of dried apricots into New Zealand declined slightly to 989 tons, dropping by -1.7% compared with the previous year's figure. Over the period under review, imports showed a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 0.3%.
In value terms, dried apricot imports surged to $5.8M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Dried Apricot in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.0 | 2.8 | 3.6 | 4.8 | 17.0% |
| South Africa | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Australia | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| France | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.2 | 0.1 | 0.3 | -9.1% |
| Total | 3.7 | 3.4 | 4.3 | 5.8 | 16.2% |
Top Suppliers of Dried Apricot to New Zealand in 2022:
- Turkey (834.3 tons)
- South Africa (63.2 tons)
- Australia (42.5 tons)
- France (20.0 tons)
Dried Apricot Exports in New Zealand
In 2022, overseas shipments of dried apricots decreased by -5.5% to 21 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 133%. As a result, the exports attained the peak of 35 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, dried apricot exports fell to $116K in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, the exports attained the peak of $134K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Dried Apricot in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | 43.7 | 39.2 | -10.3% |
| Australia | 48.8 | 97.0 | 66.8 | 36.6 | -9.1% |
| Fiji | 20.2 | 9.1 | 5.9 | 25.4 | 7.9% |
| Cook Islands | 3.1 | 2.9 | 6.5 | 7.8 | 36.0% |
| French Polynesia | 1.4 | 0.3 | 2.4 | 4.7 | 49.7% |
| Turkey | N/A | 22.5 | N/A | N/A | 0% |
| Others | 20.3 | 1.8 | 3.3 | 2.8 | -48.3% |
| Total | 93.8 | 134 | 128 | 116 | 7.3% |
Top Export Markets for Dried Apricot from New Zealand in 2022:
- South Africa (7.9 tons)
- Australia (6.5 tons)
- Fiji (3.6 tons)
- French Polynesia (1.3 tons)
- Cook Islands (1.2 tons)
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