Australia and Oceania: Apricot Market 2024

Apricot Market Size in Australia and Oceania

The apricot market in Australia and Oceania contracted slightly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption recorded a noticeable downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Apricot Production in Australia and Oceania

In value terms, apricot production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Australia (X tons) constituted the country with the largest volume of apricot production, comprising approx. X% of total volume. Moreover, apricot production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), threefold.

In Australia, apricot production shrank by an average annual rate of X% over the period from 2012-2022.

The average apricot yield shrank to X tons per ha in 2022, which is down by X% against the year before. Over the period under review, the yield showed a noticeable decline. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the apricot yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The apricot harvested area expanded markedly to X ha in 2022, growing by X% on the previous year. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to apricot production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Apricot Exports

Exports in Australia and Oceania

In 2022, exports of apricots in Australia and Oceania shrank dramatically to X tons, which is down by X% on 2021. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, apricot exports fell sharply to $X in 2022. In general, exports faced a deep downturn. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from New Zealand (X tons) and Australia (X tons), together accounting for X% of total export.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%).

In value terms, New Zealand ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Apricot Imports

Imports in Australia and Oceania

In 2022, approx. X tons of apricots were imported in Australia and Oceania; picking up by X% compared with the previous year. In general, imports, however, continue to indicate a deep setback. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, apricot imports surged to $X in 2022. Overall, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. New Caledonia (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to apricot imports into Australia stood at X%. New Caledonia (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported apricots in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Caledonia ($X), with a X% share of total imports.

In Australia, apricot imports plunged by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (X%).

Source: IndexBox Platform

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