MERCOSUR: Apricot Market 2024

Apricot Market Size in MERCOSUR

The MERCOSUR apricot market stood at $X in 2022, flattening at the previous year. Overall, consumption continues to indicate a noticeable decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Apricot Production in MERCOSUR

In value terms, apricot production rose sharply to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Argentina (X tons) constituted the country with the largest volume of apricot production, comprising approx. X% of total volume. Moreover, apricot production in Argentina exceeded the figures recorded by the second-largest producer, Chile (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume in Argentina was relatively modest.

In 2022, the average apricot yield in MERCOSUR was estimated at X tons per ha, standing approx. at the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2014; however, from 2015 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.

The apricot harvested area fell to X ha in 2022, leveling off at the year before. Over the period under review, the harvested area continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to apricot production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Apricot Exports

Exports in MERCOSUR

After three years of decline, overseas shipments of apricots increased by X% to X tons in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, apricot exports soared to $X in 2022. In general, exports, however, saw a slight slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Chile (X tons) represented the main exporter of apricots, constituting X% of total exports. It was distantly followed by Peru (X tons), creating a X% share of total exports.

Chile experienced a relatively flat trend pattern with regard to volume of exports of apricots. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Peru increased by X percentage points.

In value terms, Chile ($X) remains the largest apricot supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile totaled X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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 Peru ($X per ton), while Chile amounted to $X per ton.

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

Apricot Imports

Imports in MERCOSUR

In 2022, supplies from abroad of apricots decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, apricot imports declined to $X in 2022. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which recorded X% of total imports. Uruguay (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%). The following importers - Colombia (X kg) and Ecuador (X kg) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to apricot imports into Brazil stood at X%. At the same time, Uruguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Peru (X%), Colombia (X%) and Ecuador (X%) illustrated a downward trend over the same period. While the share of Uruguay (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (X p.p.), Ecuador (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported apricots in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Uruguay ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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