Northern America: Apricot Market 2024

Apricot Market Size in Northern America

The North American apricot market dropped to $X in 2022, declining by -9.4% against the previous year. Overall, consumption recorded a pronounced slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Apricot Production in Northern America

In value terms, apricot production declined to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decrease. The pace of growth was the most pronounced in 2016 with an increase of 42% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The United States (X tons) constituted the country with the largest volume of apricot production, accounting for 98% of total volume. It was followed by Canada (X tons), with a 2.3% share of total production.

From 2012 to 2022, the average annual growth rate of volume in the United States totaled -5.0%.

In 2022, the average apricot yield in Northern America shrank dramatically to X tons per ha, which is down by -17.8% against the year before. In general, the yield showed a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of 51%. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of apricots were harvested in Northern America; picking up by 6.6% on the year before. Overall, the harvested area, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 14% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Apricot Exports

Exports in Northern America

Apricot exports contracted dramatically to X tons in 2022, waning by -18% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 56%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, apricot exports reduced rapidly to $X in 2022. In general, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) represented roughly 100% of total exports in 2022.

The United States was also the fastest-growing in terms of the apricots exports, with a CAGR of -3.6% from 2012 to 2022. The United States (+13 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest apricot supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at -4.0%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, which is down by -3.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.4% per year.

Apricot Imports

Imports in Northern America

Apricot imports fell markedly to X tons in 2022, reducing by -15.4% against 2021 figures. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, apricot imports amounted to $X in 2022. Overall, imports recorded a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 26%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Canada was the key importing country with an import of about X tons, which amounted to 75% of total imports. It was distantly followed by the United States (X tons), mixing up a 25% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to apricot imports into Canada stood at -6.4%. The United States (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +6.1 percentage points.

In value terms, Canada ($X) constitutes the largest market for imported apricots in Northern America, comprising 74% of total imports. The second position in the ranking was taken by the United States ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada totaled -5.2%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 19% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.3%).

Source: IndexBox Platform

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