Chile: Apricot Market 2025

Apricot Market Size in Chile

In 2022, the Chilean apricot market decreased by -3.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Apricot Production in Chile

In value terms, apricot production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average yield of apricots in Chile was estimated at X tons per ha, approximately mirroring the previous year. Over the period under review, the yield, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the yield increased by 11%. The apricot yield peaked at X tons per ha in 2013; however, from 2014 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.

In 2022, the total area harvested in terms of apricots production in Chile rose remarkably to X ha, surging by 7.6% on the previous year. Overall, the harvested area, however, showed a deep downturn. Over the period under review, the harvested area dedicated to apricot production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Apricot Exports

Exports from Chile

In 2022, overseas shipments of apricots were finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 110%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, apricot exports soared to $X in 2022. Over the period under review, exports, however, saw a pronounced slump. The pace of growth was the most pronounced in 2016 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for apricot exports from Chile, accounting for a 76% share of total exports. Moreover, apricot exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), ninefold. The third position in this ranking was taken by Mexico (X tons), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+12.5% per year) and Mexico (+3.7% per year).

In value terms, the United States ($X) remains the key foreign market for apricots exports from Chile, comprising 71% of total exports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total exports. It was followed by Canada, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.9% per year) and Canada (+8.2% per year).

Export Prices by Country

The average apricot export price stood at $X per ton in 2022, shrinking by -6.8% against the previous year. Overall, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Canada ($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 Mexico (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Apricot Imports

Imports into Chile

In 2022, imports of apricots into Chile fell sharply to X kg, which is down by -44.2% against 2021. In general, imports saw a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 375% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, apricot imports declined significantly to $X in 2022. Overall, imports showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 433%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) was the main apricot supplier to Chile, accounting for a approx. 100% share of total imports.

From 2016 to 2022, the average annual rate of growth in terms of volume from the United States totaled -40.6%.

In value terms, the United States ($X) constituted the largest supplier of apricots to Chile.

From 2016 to 2022, the average annual rate of growth in terms of value from the United States totaled -23.5%.

Import Prices by Country

In 2022, the average apricot import price amounted to $X per ton, rising by 6.3% against the previous year. Overall, the import price posted significant growth. The most prominent rate of growth was recorded in 2018 an increase of 72%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2016 to 2022, the rate of growth in terms of prices for the United States amounted to +28.8% per year.

Source: IndexBox Platform

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