South-Eastern Asia: Apricot Market 2024

Apricot Market Size in South-Eastern Asia

In 2022, the Southeast Asian apricot market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a mild curtailment. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Apricot Production in South-Eastern Asia

In value terms, apricot production declined to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Lao People's Democratic Republic (X tons), Vietnam (X tons) and Timor-Leste (X tons), with a combined X% share of total production.

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

Apricot Exports

Exports in South-Eastern Asia

After two years of growth, shipments abroad of apricots decreased by X% to X tons in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, apricot exports fell remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then plummeted in the following year.

Exports by Country

Lao People's Democratic Republic dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Singapore (X tons), generating a X% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Lao People's Democratic Republic was also the fastest-growing in terms of the apricots exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lao People's Democratic Republic increased by X percentage points.

In value terms, Lao People's Democratic Republic ($X) remains the largest apricot supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

In Lao People's Democratic Republic, apricot exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced a decline in the export price figures.

Apricot Imports

Imports in South-Eastern Asia

After two years of growth, purchases abroad of apricots decreased by X% to X tons in 2022. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, apricot imports contracted rapidly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Singapore was the major importer of apricots in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%). The following importers - Brunei Darussalam (X tons) and Cambodia (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to apricot imports into Singapore stood at X%. At the same time, Cambodia (X%), Indonesia (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported apricots in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up 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.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Brunei Darussalam ($X per ton), while Malaysia ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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