Southern Asia: Apricot Market 2024

Apricot Market Size in Southern Asia

The South Asian apricot market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Apricot Production in Southern Asia

In value terms, apricot production reached $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Afghanistan (X tons), Pakistan (X tons) and India (X tons), together accounting for X% of total production.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average apricot yield was estimated at X tons per ha in 2022, picking up by X% against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat 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 total area harvested in terms of apricots production in Southern Asia dropped slightly to X ha, leveling off at 2021. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the apricot harvested area failed to regain momentum.

Apricot Exports

Exports in Southern Asia

In 2022, shipments abroad of apricots increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed noticeable growth. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, apricot exports skyrocketed to $X in 2022. In general, exports enjoyed a temperate expansion. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) represented roughly X% of total exports in 2022.

Afghanistan was also the fastest-growing in terms of the apricots exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Afghanistan increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X) also remains the largest apricot supplier in Southern Asia.

In Afghanistan, apricot exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to X% per year.

Apricot Imports

Imports in Southern Asia

After three years of decline, supplies from abroad of apricots increased by X% to X tons in 2022. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, apricot imports surged to $X in 2022. Over the period under review, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Pakistan prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. India (X tons) followed a long way behind the leaders.

Imports into Pakistan increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) constitutes the largest market for imported apricots in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

In Pakistan, apricot imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 India ($X per ton), while Pakistan amounted to $X per ton.

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

Source: IndexBox Platform

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