Robust Export Growth In Turkish Apricot Industry

The Turkish apricot industry has demonstrated remarkable growth, evidenced by a 29% increase in year-to-date exports compared to the previous year. In January alone, exports reached 7,506 tonnes, an uplift of 16% from 6,464 tonnes in January 2023. The total exports for the current year have escalated impressively to 49,765 tonnes, significantly surpassing last year's figure of 38,533 tonnes.

This expansion is fueled by robust demand from key European and Middle Eastern markets, supported by enhanced logistical efficiencies and refined pricing strategies. These strategic improvements have facilitated faster delivery times and expanded Turkey’s footprint in the international arena. With ongoing robust demand, Turkish producers are actively seeking to penetrate new markets to sustain this growth momentum.

Increased Domestic Demand Anticipated as Ramadan Nears

In addition to thriving exports, the domestic market for apricots in Turkey is witnessing a resurgence as Ramadan approaches, traditionally a period of heightened consumption. This increase is reinforcing strong market pricing dynamics and contributing significantly to the sector's overall vitality.

Optimal Weather Conditions Favor Crop Health

The climatic conditions have been favorable, with a return to normal weather patterns after an unusually mild December and January. The expected cold and snowy weather in the coming weeks is optimal for apricot cultivation, promising a solid start for the upcoming growing season.

Stable Pricing Supported by Constrained Supply

Market prices for apricots have recently increased by USD 0,10-0,20/kg, particularly noticeable in sizes 5 through 7. This price stability is primarily due to limited supply, which is expected to maintain firm pricing levels through the blooming season concluding in April or May. Continued brisk shipment rates suggest that carryover stocks will be minimal, which could further support prices.

Conclusion: Optimistic Market Outlook Despite Supply Limitations

The Turkish apricot market is positioned for continued strength, supported by vigorous demand from both export and domestic channels. With current market dynamics, prices are likely to remain stable, with potential for increases if the supply remains tight.

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