Latin America and the Caribbean: Dried Apricot Market 2020

Dried Apricot Market Size in Latin America and the Caribbean

The revenue of the dried apricot market in Latin America and the Caribbean amounted to $X in 2017, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The dried apricot consumption continues to indicate a strong increase. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. In that year, the dried apricot market attained their peak level, and is likely to continue its growth in the immediate term.

Dried Apricot Exports

Exports in Latin America and the Caribbean

The exports amounted to X tons in 2017, declining by -X% against the previous year. The dried apricot exports continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2012, when exports increased by X% against the previous year. Over the period under review, the dried apricot exports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, dried apricot exports stood at $X in 2017. The dried apricot exports continue to indicate a deep descent. Over the period under review, the dried apricot exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Exports by Country

In 2017, Argentina (X tons) represented the main exporter for dried apricots, constituting X% of total exports. It was distantly followed by Chile (X tons), making up X% share of total exports. Brazil (X tons) and Mexico (X tons) held the minor share of total exports.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2017. Brazil (-X%), Mexico (-X%) and Chile (-X%) illustrated a downward trend over the same period. Chile (X%), Argentina (X%) and Mexico (X%) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest dried apricot supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Chile ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Argentina stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-X% per year) and Brazil (+X% per year).

Export Prices by Country

In 2017, the dried apricot export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013, an increase of X% against the previous year. The level of export price peaked in 2017, and is expected to retain its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Brazil ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Dried Apricot Imports

Imports in Latin America and the Caribbean

The imports amounted to X tons in 2017, jumping by X% against the previous year. The total imports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dried apricot imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. In that year, the dried apricot imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, dried apricot imports totaled $X in 2017. The dried apricot imports continue to indicate a prominent growth. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Imports by Country

Brazil dominates dried apricot imports structure, amounting to X tons, which was approx. X% of total imports in 2017. It was distantly followed by Mexico (X tons), constituting X% share of total imports. Peru (X tons), Argentina (X tons) and Chile (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to dried apricot imports into Brazil stood at +X%. At the same time, Argentina (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Mexico experienced a relatively flat trend pattern. By contrast, Chile (-X%) illustrated a downward trend over the same period. Peru (-X%), Argentina (-X%) and Brazil (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported dried apricots in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Peru ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

In Brazil, dried apricot imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Peru (+X% per year) and Mexico (+X% per year).

Import Prices by Country

In 2017, the dried apricot import price in Latin America and the Caribbean amounted to $X per ton, going down by -X% against the previous year. The dried apricot import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014, when it surged by X% year-to-year. In that year, the import prices for dried apricots attained their peak level of $X per ton. From 2015 to 2017, growth of the import prices for dried apricots stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Peru ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform