Canada: Apricot Market 2024

Apricot Market Size in Canada

The Canadian apricot market reduced to $X in 2022, declining by X% against the previous year. In general, consumption recorded a slight descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Apricot Production in Canada

In value terms, apricot production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average apricot yield in Canada fell to X tons per ha, which is down by X% on the previous year's figure. Overall, the yield indicated a perceptible increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, apricot yield increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The apricot yield peaked at X tons per ha in 2015; however, from 2016 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.

In 2022, the total area harvested in terms of apricots production in Canada shrank to X ha, leveling off at the year before. Overall, the harvested area showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. The apricot harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Apricot Exports

Exports from Canada

Apricot exports from Canada declined significantly to X tons in 2022, with a decrease of X% compared with 2021 figures. In general, exports saw a significant decrease. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, apricot exports rose modestly to $X in 2022. Overall, exports saw a dramatic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Saint Pierre and Miquelon (X tons) and France (X kg) were the main destinations of apricot exports from Canada.

From 2012 to 2022, the biggest increases were recorded for Saint Pierre and Miquelon (with a CAGR of X%), while shipments for the other leaders experienced a decline.

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Pierre and Miquelon (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X 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 the United States (X%), while the prices for the other major destinations experienced a decline.

Apricot Imports

Imports into Canada

In 2022, apricot imports into Canada shrank rapidly to X tons, falling by X% on 2021. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, apricot imports fell to $X in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest apricot supplier to Canada, with a X% share of total imports. Moreover, apricot imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of apricots to Canada, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

The average apricot import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United States totaled $X per ton.

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

Source: IndexBox Platform

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