U.S.: Apricot Market 2023

Apricot Market Size in the U.S.

The U.S. apricot market fell to $X in 2022, reducing by -10% against the previous year. Over the period under review, consumption recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Apricot Production in the U.S.

In value terms, apricot production dropped to $X in 2022. Overall, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 43%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of apricots in the United States dropped remarkably to X tons per ha in 2022, waning by -18.1% compared with 2021 figures. Over the period under review, the yield continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, the average apricot yield reached the maximum level at X tons per ha in 2014; however, from 2015 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.

The apricot harvested area in the United States rose notably to X ha in 2022, increasing by 6.6% against the previous year's figure. Overall, the harvested area, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 14%. The apricot harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Apricot Exports

Exports from the U.S.

In 2022, approx. X tons of apricots were exported from the United States; shrinking by -18% against 2021 figures. In general, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, apricot exports plummeted to $X in 2022. Overall, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for apricot exports from the United States, accounting for a 59% share of total exports. Moreover, apricot exports to Canada exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was held by Curacao (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+32.1% per year) and Curacao (+574.6% per year).

In value terms, Canada ($X) remains the key foreign market for apricots exports from the United States, comprising 66% of total exports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-4.4% per year) and Taiwan (Chinese) (+30.6% per year).

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, dropping by -3.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 13%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Curacao (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into the U.S.

In 2022, supplies from abroad of apricots increased by 32% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of 142% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, apricot imports skyrocketed to $X in 2022. In general, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 109% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons) was the main apricot supplier to the United States, with a 96% share of total imports. It was followed by New Zealand (X tons), with a 2.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-13.0% per year) and Turkey (+35.0% per year).

In value terms, Chile ($X) constituted the largest supplier of apricots to the United States, comprising 96% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Chile amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-22.9% per year) and Turkey (+29.3% per year).

Import Prices by Country

The average apricot import price stood at $X per ton in 2022, surging by 4.5% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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