Apricots Prices

Apricots Prices December 2023

In the fourth quarter of 2023, the price of apricots in the USA reached 5,087 USD/MT by December. Similarly, in Germany, the apricots prices hit 2,320 USD/MT in the same period.   

Apricots Price Trend, Market Analysis, and News

IMARC's latest publication, “Apricots Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the apricots market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of apricots at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed apricots price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting apricots pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Apricots Market Analysis

The global apricots market size reached 3.9 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 5.32 Million Tons, at a projected CAGR of 3.50 during 2023-2032.

• The apricots demand is propelled by its utilization in jams, pastries, tarts, cakes, cookies, and sauces. They offer an enhanced taste to a variety of dishes while providing high nutritious value. The rising demand for apricot-based ready-to-eat (RTE) items among people with busy lifestyles is supporting the market growth. Apricots are also widely consumed in juices, smoothies, and alcoholic beverages. As per the research report of the IMARC Group, the global cakes and pastries market is anticipated to reach US$ 192.8 Billion in 2032.   
• Apricots are also becoming increasingly popular due to their ability to promote gut health. They are particularly high in soluble fiber, which is important for maintaining healthy blood sugar and cholesterol levels among individuals.
• Apricots market share is further being reinforced by their potential in protecting liver from oxidative stress. They can prevent liver damage because of their naturally high antioxidant content. The rising number of liver issues among the masses around the world is catalyzing the demand for apricots.    
• Apricots production is showing an upward trajectory as a result of its growing use in the cosmetic sector. Apricot kernel oil is rich in fatty acids and vitamins, making it suitable as a natural moisturizer for the skin. The oil contains antioxidants such as vitamins A and E, which help reduce signs of aging by combating free radicals. It is suitable for all skin types including sensitive and acne-prone skin. Apricots assist in improving skin tone and texture, while providing more radiance. They aid in soothing irritated skin and lowering redness. In addition, the presence of essential fatty acids helps maintain skin elasticity, preventing sagging and promoting a youthful appearance.  
• The market share is also expanding due to improved apricot’s cultivation techniques and processing technologies. Combining biological, cultural, mechanical, and chemical tools to manage pests benefits in reducing crop losses and improving fruit quality. Implementation of drip irrigation and other water-saving methods ensures optimal water use, leading to healthier and more abundant crops.

Apricots News

The report covers the latest developments, updates, and trends impacting the price of apricots, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the apricots price trend.

Latest developments in the apricots industry:

• In 16 November 2023, Prima Fresh Fruit launched Pride of Prima, a new apricot brand created to give consumers a consistent and quality experience. Newer European-bred apricot varieties will be marketed under the brand with Wonder Cot and Magic Cot the first to hit the shelves while other plantings mature.  

Product Description

Apricots are fruits from the botanical family ‘Prunus’ with a sweet and tart flavor and soft or velvety skin. They are usually pale yellow to orange and are about the size of a plum. They are mainly eaten raw but can also be used in cooking and are often dried. They are rich in beta-carotene, lutein, and zeaxanthin, all of which are potent antioxidants that help fight free radicals in the body. They play a crucial role in preventing night blindness, a disorder caused by a lack of light pigments in the eyes.    

Apart from this, apricots protect against ultraviolet (UV) damage and environmental pollutants by neutralizing free radicals. They also help build collagen and provide enhanced skin strength and elasticity.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the apricots price trend. 

Global Apricots Price

The report offers a holistic view of the global apricots pricing trends in the form of apricots price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of apricots, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed apricots demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Apricots Price

European apricots prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for apricots can also be provided for an extensive list of European countries.

North America Apricots Price

The analysis of apricots prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific apricots historical data within the United States and Canada can also be provided.

Middle East and Africa Apricots Price

The report explores the apricots pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Apricots Price

The apricots pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This apricots price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Apricots Price

The analysis of apricots prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of apricots pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting apricots price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The apricots price charts ensure our clients remain at the forefront of the industry.