MENA: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in MENA

The MENA's peach and nectarine market stood at $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Peach And Nectarine Production in MENA

In value terms, peach and nectarine production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Iran (X tons) and Egypt (X tons), together accounting for X% of total production. Algeria, Morocco, Tunisia and Lebanon lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Lebanon (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of peaches and nectarines in MENA amounted to X tons per ha, remaining stable against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the peach and nectarine yield reached the maximum level in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the peach and nectarine harvested area in MENA stood at X ha, approximately mirroring the previous year's figure. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to peach and nectarine production reached the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Peach And Nectarine Exports

Exports in MENA

Peach and nectarine exports skyrocketed to X tons in 2022, with an increase of X% compared with the year before. Overall, exports recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, peach and nectarine exports declined slightly to $X in 2022. Over the period under review, exports saw a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

In 2022, Turkey (X tons) was the largest exporter of peaches and nectarines, creating X% of total exports. Iran (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lebanon (X%) and Jordan (X%). Egypt (X tons), Tunisia (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

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

In value terms, Turkey ($X) remains the largest peach and nectarine supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with a X% share of total exports. It was followed by Iran, with an X% share.

In Turkey, peach and nectarine exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jordan (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Egypt ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

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

Peach And Nectarine Imports

Imports in MENA

In 2022, purchases abroad of peaches and nectarines decreased by X% to X tons, falling for the third year in a row after three years of growth. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, peach and nectarine imports fell to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Iraq (X tons), distantly followed by Saudi Arabia (X tons), Algeria (X tons) and the United Arab Emirates (X tons) were the major importers of peaches and nectarines, together creating X% of total imports. Libya (X tons), Egypt (X tons) and Palestine (X tons) took a little share of total imports.

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

In value terms, the largest peach and nectarine importing markets in MENA were Iraq ($X), Saudi Arabia ($X) and Algeria ($X), with a combined X% share of total imports.

Algeria, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a slight downturn. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the United Arab Emirates ($X per ton), while Libya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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