Chile: Apricot Market 2024

Apricot Market Size in Chile

In 2022, after three years of growth, there was significant decline in the Chilean apricot market, when its value decreased by X% to $X. Over the period under review, consumption faced a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Apricot Production in Chile

In value terms, apricot production expanded modestly to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average apricot yield in Chile reduced modestly to X tons per ha, approximately mirroring 2021 figures. Over the period under review, the yield continues to indicate a mild curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the average apricot yield attained the maximum level at X tons per ha in 2013; however, from 2014 to 2022, 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.

In 2022, approx. X ha of apricots were harvested in Chile; dropping by X% against the previous year's figure. Overall, the harvested area continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. The apricot harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Apricot Exports

Exports from Chile

In 2022, shipments abroad of apricots was finally on the rise to reach X tons after three years of decline. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, apricot exports skyrocketed to $X in 2022. Overall, exports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for apricot exports from Chile, accounting for a X% share of total exports. Moreover, apricot exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), ninefold. The third position in this ranking was held by Mexico (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Mexico (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Canada (X% per year).

Export Prices by Country

The average apricot export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Canada ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Apricot Imports

Imports into Chile

In 2022, approx. X kg of apricots were imported into Chile; declining by X% against the year before. Overall, imports recorded a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, apricot imports fell rapidly to $X in 2022. Over the period under review, imports recorded a sharp slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) was the main apricot supplier to Chile, with a approx. X% share of total imports.

From 2016 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of apricots to Chile.

From 2016 to 2022, the average annual growth rate of value from the United States amounted to X%.

Import Prices by Country

The average apricot import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price, however, posted significant growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell slightly in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2016 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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