Israel: Apricot Market 2024

Apricot Market Size in Israel

In 2022, after two years of decline, there was growth in the Israeli apricot market, when its value increased by 0.3% to $X. Overall, consumption, however, continues to indicate a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Apricot Production in Israel

In value terms, apricot production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt downturn. The growth pace was the most rapid in 2019 when the production volume increased by 17%. Apricot production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of apricots in Israel fell slightly to X tons per ha in 2022, with a decrease of -4.2% against the previous year's figure. Overall, the yield recorded a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 39% against the previous year. The apricot yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a 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 apricot harvested area in Israel expanded remarkably to X ha, growing by 10% on the year before. Over the period under review, the harvested area, however, showed a perceptible slump. Over the period under review, the harvested area dedicated to apricot production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Apricot Exports

Exports from Israel

Apricot exports from Israel surged to X tons in 2022, jumping by 22% on 2021 figures. Overall, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 562%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, apricot exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 812%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons) was the main destination for apricot exports from Israel, accounting for a 67% share of total exports. Moreover, apricot exports to Ukraine exceeded the volume sent to the second major destination, Palestine (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (-22.5% per year) and Russia (-9.1% per year).

In value terms, Ukraine ($X) remains the key foreign market for apricots exports from Israel, comprising 66% of total exports. The second position in the ranking was taken by Palestine ($X), with a 24% share of total exports. It was followed by Russia, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (-20.1% per year) and Russia (-4.4% per year).

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK ($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 Russia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Israel

In 2021, approx. X tons of apricots were imported into Israel; shrinking by -25.7% against 2020 figures. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 121% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, apricot imports reduced dramatically to $X in 2021. Overall, imports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 200% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Ukraine (X tons) was the main apricot supplier to Israel, accounting for a approx. 100% share of total imports.

From 2017 to 2021, the average annual rate of growth in terms of volume from Ukraine was relatively modest.

In value terms, Ukraine ($X) constituted the largest supplier of apricots to Israel.

From 2017 to 2021, the average annual growth rate of value from Ukraine was relatively modest.

Import Prices by Country

In 2021, the average apricot import price amounted to $X per ton, waning by -2.6% against the previous year. Overall, import price indicated strong growth from 2017 to 2021: its price increased at an average annual rate of +10.6% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, apricot import price increased by +49.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. The import price peaked at $X per ton in 2020, and then shrank modestly in the following year.

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

From 2017 to 2021, the rate of growth in terms of prices for Spain amounted to +5.1% per year.

Source: IndexBox Platform

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