The production of fresh apricots in the US saw some volatility over the past decade. From 2013 to 2023, the highest recorded production was in 2019 with 58.06 million pounds, while the lowest was in 2015 with 38.21 million pounds. Notably, production in 2023 stood at 57.46 million pounds, which is a minimal increase of 1.28% year-on-year. Over the last two years, the year-on-year variations were 1.33% in 2022 and 1.28% in 2023. The compound annual growth rate (CAGR) over the last five years was 4.67%.
Looking forward, forecasts indicate a gradual increase in production from 2024 to 2028, reaching 61.26 million pounds by 2028. The forecasted CAGR over the next five years is 1.01%, translating to a total growth rate of 5.15% by 2028.
Future trends to watch for include potential climate impacts on apricot yields, changes in agricultural practices, and economic factors that could influence production costs and market demand. Additionally, advancements in biotechnology and crop management could play significant roles in future production trends.
