Indonesia: Apricot Market 2022

Apricot Market Size in Indonesia

The Indonesian apricot market shrank remarkably to $X in 2021, which is down by -X% against the previous year. Over the period under review, consumption recorded a perceptible decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Apricot Production in Indonesia

In value terms, apricot production shrank slightly to $X in 2021 estimated in export prices. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average apricot yield in Indonesia totaled less than X kg per ha, almost unchanged from the previous year's figure. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of apricots in Indonesia stood at less than X ha, flattening at the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Apricot Exports

Exports from Indonesia

In 2021, the amount of apricots exported from Indonesia totaled less than X kg, approximately equating 2020. In general, exports posted a significant expansion. Over the period under review, the exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, apricot exports stood at $less than X in 2021. Over the period under review, exports continue to indicate a significant expansion. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tonnes) was the main destination for apricot exports from Indonesia, with a approx. X% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Singapore was relatively modest.

From 2012 to 2017, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

In 2017, the average apricot export price amounted to $X per tonne, flattening at the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The export price peaked at $X per tonne in 2015; afterwards, it flattened through to 2017.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2017, the rate of growth in terms of prices for Singapore amounted to X% per year.

Apricot Imports

Imports into Indonesia

In 2021, the amount of apricots imported into Indonesia dropped rapidly to X tonnes, falling by -X% against 2020 figures. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, apricot imports contracted rapidly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

In 2021, Turkey (X tonnes) constituted the largest apricot supplier to Indonesia, with a X% share of total imports. Moreover, apricot imports from Turkey exceeded the figures recorded by the second-largest supplier, Australia (X kg), sixfold. The third position in this ranking was occupied by Singapore (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Singapore (-X% per year).

In value terms, Turkey ($X) constituted the largest supplier of apricot to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Singapore (-X% per year).

Import Prices by Country

The average apricot import price stood at $X per tonne in 2021, dropping by -X% against the previous year. Overall, the import price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne, and then contracted in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform