U.S.: Apricot Market 2022

Apricot Market Size in the U.S.

The U.S. apricot market surged to $X in 2021, with an increase of X% against the previous year. Overall, consumption, however, saw a perceptible decline. Apricot consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Apricot Production in the U.S.

In value terms, apricot production surged to $X in 2021. Over the period under review, production, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

In 2021, the average apricot yield in the United States soared to X tonnes per ha, increasing by X% on the previous year's figure. In general, the yield, however, saw a slight downturn. The pace of growth was the most pronounced in 2019 when the yield increased by X% y-o-y. The apricot yield peaked at X tonnes per ha in 2014; however, from 2015 to 2021, the yield failed to regain momentum. 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 fell slightly to X ha in 2021, which is down by -X% against the previous year's figure. Overall, the harvested area saw a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to apricot production reached the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Apricot Exports

Exports from the U.S.

Apricot exports from the United States surged to X tonnes in 2021, picking up by X% against the year before. Overall, exports, however, continue to indicate a mild slump. Over the period under review, the exports hit record highs at X tonnes in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, apricot exports surged to $X in 2021. Over the period under review, exports, however, showed a pronounced decline. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for apricot exports from the United States, with a X% share of total exports. Moreover, apricot exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), threefold. Curacao (X tonnes) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Curacao (+X% per year).

In value terms, Canada ($X) remains the key foreign market for apricot exports from the United States, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Curacao, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Curacao (+X% per year).

Export Prices by Country

The average apricot export price stood at $X per tonne in 2021, therefore, remained relatively stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per tonne. From 2018 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Canada ($X per tonne), while the average price for exports to Japan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into the U.S.

In 2021, purchases abroad of apricots was finally on the rise to reach X tonnes after two years of decline. Over the period under review, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, apricot imports surged to $X in 2021. Overall, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tonnes) was the main supplier of apricot to the United States, accounting for a X% share of total imports. Moreover, apricot imports from Chile exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Chile was relatively modest.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Chile amounted to +X%.

Import Prices by Country

The average apricot import price stood at $X per tonne in 2021, shrinking by -X% against the previous year. Overall, the import price showed a slight downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per tonne), while the price for New Zealand totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+X%).

Source: IndexBox Platform