South-Eastern Asia: Apricot Market 2025

Apricot Market Size in South-Eastern Asia

The Southeast Asian apricot market dropped modestly to $X in 2022, reducing by -2% against the previous year. Overall, consumption, however, showed a slight decrease. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Apricot Production in South-Eastern Asia

In value terms, apricot production expanded rapidly to $X in 2022 estimated in export price. Overall, production posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Lao People's Democratic Republic (X tons) remains the largest apricot producing country in South-Eastern Asia, comprising approx. 68% of total volume. Moreover, apricot production in Lao People's Democratic Republic exceeded the figures recorded by the second-largest producer, Vietnam (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Lao People's Democratic Republic totaled +1.2%.

Apricot Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of apricots decreased by -24.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,678%. The volume of export peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, apricot exports shrank remarkably to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 287% against the previous year. The level of export peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Vietnam (X tons) and Lao People's Democratic Republic (X tons) dominates exports structure, together mixing up 97% of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of +225.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest apricot supplying countries in South-Eastern Asia were Lao People's Democratic Republic ($X), Vietnam ($X) and Singapore ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Lao People's Democratic Republic, with a CAGR of +409.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, which is down by -12.6% against the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2019 when the export price increased by 172% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+56.3%), while the other leaders experienced a decline in the export price figures.

Apricot Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of apricots decreased by -10.7% to X tons, falling for the second year in a row after six years of growth. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 19%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, apricot imports reduced to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 26%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) and Malaysia (X tons) were the key importers of apricots in South-Eastern Asia, together reaching approx. 74% of total imports. It was distantly followed by Vietnam (X tons), constituting a 20% share of total imports. Cambodia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +31.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 94% share of total imports. Indonesia and Cambodia lagged somewhat behind, together comprising a further 3.1%.

In terms of the main importing countries, Indonesia, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 12% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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