Northern America: Apricot Market 2024

Apricot Market Size in Northern America

The North American apricot market dropped to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Apricot Production in Northern America

In value terms, apricot production declined to $X in 2022 estimated in export price. Overall, production saw a noticeable downturn. The pace of growth appeared the most rapid in 2016 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 failed to regain momentum.

The United States (X tons) constituted the country with the largest volume of apricot production, comprising approx. X% of total volume. It was followed by Canada (X tons), with a X% share of total production.

In the United States, apricot production plunged by an average annual rate of X% over the period from 2012-2022.

In 2022, the average apricot yield in Northern America reduced to X tons per ha, shrinking by X% on the previous year's figure. Overall, the yield showed a pronounced slump. The pace of growth was the most pronounced in 2019 when the yield increased by X%. The level of yield peaked at X tons per ha in 2014; however, from 2015 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.

The apricot harvested area reduced slightly to X ha in 2022, which is down by X% on 2021. Over the period under review, the harvested area continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to apricot production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Apricot Exports

Exports in Northern America

Apricot exports contracted remarkably to X tons in 2022, dropping by X% on the previous year's figure. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, apricot exports contracted markedly to $X in 2022. In general, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United States (X tons), together finishing at X% of total export.

The United States was also the fastest-growing in terms of the apricots exports, with a CAGR of X% from 2012 to 2022. While the share of the United States (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest apricot supplier in Northern America.

In the United States, apricot exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

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

Apricot Imports

Imports in Northern America

In 2022, approx. X tons of apricots were imported in Northern America; dropping by X% against 2021 figures. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, apricot imports reached $X in 2022. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) represented the largest importer of apricots, constituting X% of total imports. It was distantly followed by the United States (X tons), comprising a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to apricot imports into Canada stood at X%. The United States (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported apricots in Northern America, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

In Canada, apricot imports plunged by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2018; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

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

Source: IndexBox Platform

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