Portugal: Apricot Market 2024

Apricot Market Size in Portugal

The Portuguese apricot market declined to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Apricot consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Apricot Production in Portugal

In value terms, apricot production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of apricots in Portugal shrank to X tons per ha, waning by X% against the previous year's figure. Over the period under review, the yield showed a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average apricot 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.

In 2022, the harvested area of apricots in Portugal fell slightly to X ha, approximately mirroring 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the apricot harvested area failed to regain momentum.

Apricot Exports

Exports from Portugal

In 2022, the amount of apricots exported from Portugal fell to X tons, dropping by X% on the year before. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, apricot exports reduced notably to $X in 2022. Overall, exports continue to indicate a slight decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), Spain (X tons) and Hungary (X tons) were the main destinations of apricot exports from Portugal, together comprising X% of total exports. The UK, Germany, Poland and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for apricot exported from Portugal were Austria ($X), Spain ($X) and Hungary ($X), with a combined X% share of total exports. The UK, Germany, Poland and France lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average apricot export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a mild descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Austria ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Portugal

In 2022, overseas purchases of apricots decreased by X% to X tons, falling for the fourth year in a row after four years of growth. In general, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, apricot imports declined sharply to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value 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. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) was the main apricot supplier to Portugal, accounting for a X% share of total imports. Moreover, apricot imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average apricot import price amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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