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South Africa - Apricots - Market Analysis, Forecast, Size, Trends and Insights

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Apr 22, 2023

South Africa's Apricot Prices Plummet to $1,616/Ton

South Africa Apricot Export Price in February 2023

In February 2023, the apricot price amounted to $1,616 per ton (FOB, South Africa), which is down by -23% against the previous month. Overall, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in October 2022 an increase of 343% against the previous month. The export price peaked at $5,809 per ton in July 2022; however, from August 2022 to February 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Mauritius ($3,825 per ton), while the average price for exports to Angola ($492 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

COUNTRY	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
COUNTRY	Export Price of Apricot in South Africa (USD per ton)
Mauritius	1,934	N/A	N/A	N/A	N/A	N/A	N/A	N/A	3,520	1,811	1,317	2,947	3,825
United Kingdom	3,552	3,242	N/A	N/A	N/A	N/A	N/A	N/A	4,610	2,623	1,996	2,133	1,985
Malaysia	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	4,049	1,909	2,907	1,662
United Arab Emirates	2,040	3,092	N/A	N/A	N/A	N/A	N/A	N/A	3,872	2,068	1,915	2,042	1,450
Netherlands	1,840	2,807	4,215	N/A	N/A	N/A	N/A	N/A	233	1,449	1,711	1,693	1,368
Mozambique	1,004	878	519	1,115	1,260	7,036	4,465	551	564	696	702	634	549
Angola	449	426	591	N/A	N/A	N/A	N/A	200	325	1,007	1,900	N/A	492
Saudi Arabia	N/A	2,135	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1,995	1,939	821	N/A
Average	2,943	2,448	1,115	1,363	1,620	5,809	1,176	408	1,809	2,019	1,896	2,100	1,616

South Africa Apricot Exports

In February 2023, shipments abroad of apricots decreased by -38.8% to 156 tons, falling for the second consecutive month after five months of growth. In general, exports continue to indicate a mild setback. The pace of growth was the most pronounced in November 2022 with an increase of 1,287% month-to-month.

In value terms, apricot exports declined sharply to $252K (IndexBox estimates) in February 2023. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in November 2022 when exports increased by 1,448% m-o-m.

South Africa Apricot Exports by Country

The UK (56 tons) was the main destination for apricot exports from South Africa, accounting for a 36% share of total exports. Moreover, apricot exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (27 tons), twofold. Malaysia (20 tons) ranked third in terms of total exports with a 13% share.

From February 2022 to February 2023, the average monthly growth rate of volume to the UK totaled -4.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (-1.3% per month) and Malaysia (+239.0% per month).

In value terms, the UK ($111K) emerged as the key foreign market for apricot exports from South Africa, comprising 44% of total exports. The second position in the ranking was taken by the United Arab Emirates ($39K), with a 15% share of total exports. It was followed by Malaysia, with a 13% share.

From February 2022 to February 2023, the average monthly growth rate of value to the UK amounted to -9.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (-4.0% per month) and Malaysia (+151.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the apricot market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 526 - Apricots

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023

South Africa - Apricots - Market Analysis, Forecast, Size, Trends and Insights

South Africa's Apricot Prices Plummet to $1,616/Ton

South Africa Apricot Export Price in February 2023

South Africa Apricot Exports

South Africa Apricot Exports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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