Between 2013 and 2023, the supply of fresh apricots in Canada has shown significant fluctuations, starting at 5.49 thousand metric tons in 2013 and decreasing to 3.75 thousand metric tons in 2023. The supply peaked in 2013 before experiencing notable drops, with intermittent years of recovery. The highest growth year-on-year was 2019 at 15.14%, while the most substantial decline occurred in 2022 at -20.79%. The compound annual growth rate (CAGR) over the last five years stands at -0.42%, indicating a slight decline in supply.
Forecasts from 2024 onward suggest a continued decline with a five-year CAGR of -1.94%, ending at 3.3 thousand metric tons by 2028. Future trends to watch for include changes in agricultural yields, environmental factors, and consumer demand shifts affecting the Canadian apricot market.
