Northern America: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in Northern America

The North American peach and nectarine market reduced slightly to $X in 2021, which is down by -2.3% against the previous year. In general, consumption, however, showed a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Peach And Nectarine Production in Northern America

In value terms, peach and nectarine production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

The United States (X tons) remains the largest peach and nectarine producing country in Northern America, comprising approx. 96% of total volume. Moreover, peach and nectarine production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), more than tenfold.

In the United States, peach and nectarine production shrank by an average annual rate of -6.2% over the period from 2012-2021.

In 2021, the average peach and nectarine yield in Northern America rose slightly to X tons per ha, increasing by 4.4% compared with the previous year. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by 12%. Over the period under review, the peach and nectarine yield hit record highs at X tons per ha in 2019; however, from 2020 to 2021, 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 2021, approx. X ha of peaches and nectarines were harvested in Northern America; remaining stable against 2020. Over the period under review, the harvested area, however, recorded a deep reduction. Over the period under review, the harvested area dedicated to peach and nectarine production attained the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Peach And Nectarine Exports

Exports in Northern America

Peach and nectarine exports skyrocketed to X tons in 2021, growing by 36% on the year before. Overall, exports, however, saw a noticeable contraction. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, peach and nectarine exports soared to $X in 2021. Over the period under review, exports, however, recorded a mild decline. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) represented roughly 100% of total exports in 2021.

The United States was also the fastest-growing in terms of the peaches and nectarines exports, with a CAGR of -2.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In the United States, peach and nectarine exports plunged by an average annual rate of -1.5% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, shrinking by -4.5% 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 26%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, 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 2021, the rate of growth in terms of prices for the United States amounted to +0.5% per year.

Peach And Nectarine Imports

Imports in Northern America

In 2021, approx. X tons of peaches and nectarines were imported in Northern America; surging by 2.9% compared with the previous year. Over the period under review, imports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2015 with an increase of 23% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, peach and nectarine imports stood at $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 16% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the two major importers of peaches and nectarines, namely Canada and the United States, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Canada (with a CAGR of -1.1%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2021.

Canada, with a CAGR of -0.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, declining by -1.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 27%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :