Middle East: Dried Apricot Market 2020

Dried Apricot Market Size in the Middle East

The revenue of the dried apricot market in Middle East amounted to $-X in 2017, coming down by -X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The level of dried apricot consumption peaked of $-X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Dried Apricot Production in the Middle East

In 2017, the amount of dried apricots produced in Middle East totaled X tons, increasing by X% against the previous year. The total output indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dried apricot production increased by +X% against 2010 indices. The growth pace was the most rapid in 2011, with an increase of X% against the previous year. The volume of dried apricot production peaked in 2017, and is likely to continue its growth in the near future.

Dried Apricot Exports

Exports in the Middle East

In 2017, the amount of dried apricots exported in Middle East totaled X tons, growing by X% against the previous year. The dried apricot exports continue to indicate a mild curtailment. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. Over the period under review, the dried apricot exports reached its peak figure volume of X tons in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, dried apricot exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Exports by Country

The exports of the one major exporters of dried apricots, namely Turkey, represented more than two-thirds of total export.

Turkey was also the fastest growing in terms of the dried apricots exports, with a CAGR of -X% from 2007 to 2017. While the share of Turkey (X%) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest dried apricot supplier in Middle East.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey totaled +X%.

Export Prices by Country

In 2017, the dried apricot export price in Middle East amounted to $X per ton, waning by -X% against the previous year. The export price indicated a temperate expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dried apricot export price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2014, when it surged by X% against the previous year. The level of export price peaked of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

As there is only one major export destination, the average price level is determined by export prices for Turkey.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year).

Dried Apricot Imports

Imports in the Middle East

In 2017, the amount of dried apricots imported in Middle East amounted to X tons, picking up by X% against the previous year. The total imports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2012, with an increase of X% year-to-year. The volume of imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, dried apricot imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The level of imports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Imports by Country

Iraq represented the key importer of dried apricots in Middle East, with the volume of imports reaching X tons, which was approx. X% of total imports in 2017. Israel (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Turkey (X%), Lebanon (X%) and Saudi Arabia (X%). Kuwait (X tons) held the minor share of total imports.

Iraq was also the fastest growing in terms of the dried apricots imports, with a CAGR of +X% from 2007 to 2017. At the same time, Lebanon (+X%), Kuwait (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Israel (-X%) and Turkey (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Israel and Turkey increased by X% and X% percentage points, while Saudi Arabia (-X%), Kuwait (-X%), Lebanon (-X%) and Iraq (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried apricot markets worldwide were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Saudi Arabia, Iraq, Lebanon and Kuwait lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Kuwait (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the dried apricot import price in Middle East amounted to $X per ton, coming down by -X% against the previous year. The dried apricot import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when the import prices increased by X% year-to-year. Over the period under review, the import prices for dried apricots attained its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Saudi Arabia ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform