Africa: Dried Apricot Market 2020

Dried Apricot Market Size in Africa

The revenue of the dried apricot market in Africa amounted to $X in 2017, jumping by X% against the previous year. The dried apricot consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2009, when market value increased by X% against the previous year. Over the period under review, the dried apricot market reached its maximum level in 2017, and is expected to retain its growth in the immediate term.

Dried Apricot Production in Africa

In 2017, production of dried apricots in Africa stood at X tons, leveling off at the previous year. The dried apricot production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, with an increase of X% y-o-y. In that year, the dried apricot production reached their peak volume of X tons. From 2010 to 2017, growth of the dried apricot production stood at a somewhat lower level.

Dried Apricot Exports

Exports in Africa

In 2017, exports of dried apricots in Africa totaled X tons, approximately equating the previous year. The dried apricot exports continue to indicate a measured setback. The pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. In that year, the dried apricot exports reached their peak volume of X tons. From 2009 to 2017, growth of the dried apricot exports failed to regain its momentum.

In value terms, dried apricot exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. In that year, the dried apricot exports attained their peak level of $X. From 2014 to 2017, growth of the dried apricot exports failed to regain its momentum.

Exports by Country

South Africa was the key exporting country with an export of about X tons, which accounted for X% of total exports. Nigeria (X tons) held the second position in the ranking, followed by Egypt (X tons). All these countries together took approx. X% share of total exports. Algeria (X tons) and Tunisia (X tons) took the mild share of total exports.

Exports from South Africa increased at an average annual rate of +X% from 2007 to 2017. At the same time, Tunisia (+X%) and Nigeria (+X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. By contrast, Algeria (-X%) and Egypt (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Egypt and Algeria increased by X% and X% percentage points, while Nigeria (-X%) and South Africa (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest dried apricot supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of global exports. It was followed by Egypt, with a X% share.

In South Africa, dried apricot exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+X% per year) and Egypt (-X% per year).

Export Prices by Country

In 2017, the dried apricot export price in Africa amounted to $X per ton, growing by X% against the previous year. The export price indicated a prominent growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dried apricot export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010, when the export prices increased by X% y-o-y. The level of export price peaked in 2017, and is likely to see steady growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Nigeria ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Nigeria (+X% per year), while the other leaders experienced more modest paces of growth.

Dried Apricot Imports

Imports in Africa

In 2017, imports of dried apricots in Africa amounted to X tons, growing by X% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dried apricot imports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2009, when it surged by X% year-to-year. In that year, the dried apricot imports attained their peak volume of X tons. From 2010 to 2017, growth of the dried apricot imports stood at a somewhat lower level.

In value terms, dried apricot imports amounted to $X in 2017. The dried apricot imports continue to indicate a remarkable increase. Over the period under review, the dried apricot imports reached its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Imports by Country

Algeria represented the major importer of dried apricots in Africa, with the volume of imports resulting at X tons, which was near X% of total imports in 2017. It was distantly followed by Egypt (X tons), South Africa (X tons) and Morocco (X tons), together making up X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Algeria (+X% per year), while the other leaders experienced mixed trends in the imports figures.

In value terms, Algeria ($X), Egypt ($X) and South Africa ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

Algeria (+X% per year) experienced the highest rates of growth with regard to imports, among the main importing countriesover the last decade, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The dried apricot import price in Africa stood at $X per ton in 2017, dropping by -X% against the previous year. The dried apricot import price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2012, when the import prices increased by X% against the previous year. The level of import price peaked of $X per ton in 2016, and then declined slightly in the following year.

Import prices varied noticeably by the country of destination; the country with the highest import price was South Africa ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Egypt (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform