Australia: Apricot Market 2025

Apricot Market Size in Australia

In 2022, the Australian apricot market increased by 5.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Apricot Production in Australia

In value terms, apricot production declined slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 77%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of apricots in Australia totaled X tons per ha in 2022, increasing by 6.6% against the year before. Over the period under review, the yield, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. The apricot yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. 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 in Australia fell to X ha in 2022, stabilizing at the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 79% against the previous year. Over the period under review, the harvested area dedicated to apricot production reached the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Apricot Exports

Exports from Australia

In 2022, overseas shipments of apricots decreased by -63.6% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, apricot exports shrank rapidly to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 61%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Kuwait (X tons) were the main destinations of apricot exports from Australia, with a combined 45% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +7.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X) were the largest markets for apricot exported from Australia worldwide, with a combined 55% share of total exports.

Qatar, with a CAGR of +19.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average apricot export price stood at $X per ton in 2022, leveling off at the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, apricot export price increased by +51.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 32%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($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 Qatar (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Australia

Apricot imports into Australia skyrocketed to X tons in 2022, jumping by 107% on the previous year. In general, imports, however, showed a abrupt decrease. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, apricot imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 82%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of apricot to Australia, accounting for a 64% share of total imports. Moreover, apricot imports from New Zealand exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand amounted to -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and the United States (+25.2% per year).

In value terms, New Zealand ($X) constituted the largest supplier of apricots to Australia, comprising 78% of total imports. The second position in the ranking was taken by South Africa ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand amounted to -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and the United States (+40.5% per year).

Import Prices by Country

In 2022, the average apricot import price amounted to $X per ton, waning by -13.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :