Canada: Apricot Market Overview 2021

Apricot Market Size in Canada

The Canadian apricot market was finally on the rise to reach $X in 2019, after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2013 to 2019, the growth of the market remained at a lower figure.

Apricot Production in Canada

In value terms, apricot production rose slightly to $X in 2019 estimated in export prices. Overall, production recorded a perceptible decrease. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Apricot production peaked at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.

The average yield of apricots in Canada rose significantly to X tonnes per ha in 2019, surging by X% on the year before. Over the period under review, the yield indicated moderate growth from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, apricot yield increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The apricot yield peaked in 2019 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of apricots were harvested in Canada; which is down by -X% on the year before. Over the period under review, the harvested area saw a slight setback. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to apricot production reached the peak figure at X ha in 2007; however, from 2008 to 2019, the harvested area failed to regain the momentum.

Apricot Exports

Exports from Canada

In 2019, the amount of apricots exported from Canada soared to X tonnes, jumping by X% on the year before. Over the period under review, exports, however, saw a abrupt slump. Exports peaked at X tonnes in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, apricot exports skyrocketed to $X in 2019. In general, exports, however, showed a abrupt setback. Exports peaked at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

France (X tonnes) was the main destination for apricot exports from Canada, with a X% share of total exports. Moreover, apricot exports to France exceeded the volume sent to the second major destination, Saint Pierre and Miquelon (X kg), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to France totaled +X%.

In value terms, France ($X) remains the key foreign market for apricot exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Saint Pierre and Miquelon ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to France totaled +X%.

Export Prices by Country

In 2019, the average apricot export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2012 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major export markets. In 2019, the country with the highest price was France ($X per tonne), while the average price for exports to Saint Pierre and Miquelon stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France.

Apricot Imports

Imports into Canada

In 2019, approx. X tonnes of apricots were imported into Canada; with a decrease of -X% against the previous year's figure. Overall, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2013 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, apricot imports expanded modestly to $X in 2019. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2013 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main apricot supplier to Canada, accounting for a X% share of total imports. Moreover, apricot imports from the U.S. exceeded the figures recorded by the second-largest supplier, Chile (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. amounted to -X%.

In value terms, the U.S. ($X) constituted the largest supplier of apricot to Canada, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. was relatively modest.

Import Prices by Country

The average apricot import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Chile ($X per tonne), while the price for the U.S. stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apricots in the world?

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The countries with the highest volumes of apricot consumption in 2019 were Turkey (737K tonnes), Uzbekistan (471K tonnes) and Iran (340K tonnes), together accounting for 38% of global consumption. Algeria, Italy, Pakistan, Afghanistan, Russia, Ukraine, Armenia, Japan, France and Morocco lagged somewhat behind, together comprising a further 35%.

What are the largest producers of apricots in the world?

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The countries with the highest volumes of apricot production in 2019 were Turkey (770K tonnes), Uzbekistan (529K tonnes) and Iran (340K tonnes), with a combined 40% share of global production. Algeria, Italy, Spain, Afghanistan, Armenia, Pakistan, Ukraine, France, Greece and Japan lagged somewhat behind, together accounting for a further 38%.

What are the leading suppliers of apricots to Canada?

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In value terms, the U.S. ($7.5M) constituted the largest supplier of apricot to Canada, comprising 90% of total imports. The second position in the ranking was occupied by Chile ($738K), with a 8.8% share of total imports.

What are the leading importers of apricots from Canada?

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In value terms, France ($2.2K) remains the key foreign market for apricot exports from Canada, comprising 79% of total exports. The second position in the ranking was occupied by Saint Pierre and Miquelon ($575), with a 21% share of total exports.

What is the average export price for apricots in Canada?

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In 2019, the average apricot export price amounted to $905 per tonne, waning by -21.4% against the previous year.

What is the average import price for apricots in Canada?

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The average apricot import price stood at $2,399 per tonne in 2019, with an increase of 8.7% against the previous year.