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From 2018 to 2023, the growth of imports for Apricot failed to regain momentum. In value terms, Apricot imports expanded rapidly to $118M in 2023.
During the review period, Apricot imports peaked in 2023 and are projected to continue growing. The value of Apricot imports decreased to $1.3M in 2023.
During the period analyzed, Apricot exports peaked at 85K tons in 2022 before experiencing a significant decline the following year. In terms of value, Apricot exports plummeted to $59M in 2023.
The global apricot market is expected to experience a steady increase in consumption over the next seven years, with market volume projected to reach 4.4M tons and market value expected to reach $6.8B by 2030.
Apricot imports peaked in 2023 and are expected to experience gradual growth in the future. The value of apricot imports decreased to $1.3M in 2023.
During the analyzed period, there was a slight decrease in exports. The value of Apricot exports surged to $1.7M in November 2023.
In December 2022, there was a significant growth rate as apricot imports increased by 81% month-on-month. However, in September 2023, the value of apricot imports sharply declined to $154K.
In June 2023, the price of Apricot reached $2,064 per ton (CIF, India), remaining stable compared to the previous month.
In February 2023, the apricot price stood at $2,168 per ton (CIF, Germany), rising by 7.5% against the previous month.
In February 2023, the price of apricots dropped by 23%, settling at $1,616 per ton (FOB- South Africa) compared to the previous month.
In October 2022, the apricot price amounted to $1,740 per ton (FOB, Spain), with a decrease of -8.3% against the previous month.
Spain and Italy remain the leading apricot suppliers worldwide, strongly increasing their exports during the past decade.
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