Latin America and the Caribbean: Apricot Market 2024

Apricot Market Size in Latin America and the Caribbean

The Latin American apricot market reduced slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Apricot Production in Latin America and the Caribbean

In value terms, apricot production rose significantly to $X in 2022 estimated in export price. Overall, production saw a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Argentina (X tons) remains the largest apricot producing country in Latin America and the Caribbean, accounting for X% of total volume. Moreover, apricot production in Argentina exceeded the figures recorded by the second-largest producer, Chile (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume in Argentina was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Chile (X% per year) and Mexico (X% per year).

In 2022, the average yield of apricots in Latin America and the Caribbean totaled X tons per ha, standing approx. at the year before. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a 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 declined slightly to X ha in 2022, standing approx. at the previous year's figure. Overall, the harvested area recorded a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Apricot Exports

Exports in Latin America and the Caribbean

In 2022, after three years of decline, there was significant growth in overseas shipments of apricots, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, apricot exports surged to $X in 2022. Overall, exports, however, continue to indicate a mild setback. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile was the largest exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Peru (X tons), comprising a X% share of total exports.

Chile experienced a relatively flat trend pattern with regard to volume of exports of apricots. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Peru (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (X p.p.) displayed negative dynamics.

In value terms, Chile ($X) remains the largest apricot supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports.

In Chile, apricot exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Chile totaled $X per ton.

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

Apricot Imports

Imports in Latin America and the Caribbean

In 2022, the amount of apricots imported in Latin America and the Caribbean fell rapidly to X tons, with a decrease of X% compared with the year before. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, apricot imports plummeted to $X in 2022. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Mexico prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Brazil (X tons), creating a X% share of total imports. The following importers - Bahamas (X tons), Trinidad and Tobago (X tons) and Uruguay (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to apricot imports into Mexico stood at X%. At the same time, Uruguay (X%), Bahamas (X%) and Trinidad and Tobago (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Bahamas (X p.p.), Trinidad and Tobago (X p.p.) and Uruguay (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported apricots in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Bahamas, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Bahamas (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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