Global apple market revenues amounted to US$65.96 billion in 2015, falling by -11.7% against last year’s level. Overall, the global apple market continues to undergo a noticeable growth: the market value increased at an average annual rate of +4.5% from 2007 to 2015.
This trend pattern, however, recorded some noticeable fluctuations throughout the analysed period. According to the indexbox report, the growth pace was the most rapid in 2013, when the market revenue increased by +28% from the previous year level. In that year, the global apple market revenue attained its maximum of $84.35 billion. From 2014 to the end of the period under review, the total apple market revenue failed to regain its former peak level.
The country with the largest volume of the apple output in absolute volumes was China (42,133 thousand tonnes), accounting for 48% of global production. Moreover, apple output in China exceeded the figures recorded by the world's second largest producer, the United States (5,751 thousand tonnes), sevenfold.
The third position in this ranking was occupied by Poland with a share of 4%. From 2007 to 2015, an average annual growth rate of China's apple production stood at +5.3%. The remaining producing countries recorded the following average annual growth rates: the United States (+4.2% per year) and Poland (+15.8% per year).
The world apple harvested area amounted to 5,105 thousand ha in 2015, which was 1.0% more than the previous year figure. The apple harvested area indicated a slight increase over the period under review, representing a compound annual growth rate of +0.8% from 2007 to 2015. This trend pattern was relatively stable throughout the analysed period. Over the period under review, the total apple harvested area peaked in 2013, falling back in the following year.
The global average apple yield amounted to 173 thousand hg/ha in 2015, rising by 3.3% from the previous year figure. The yield figures recorded an upward trend over the period under review, with a compound annual growth rate standing at +3.1% from 2007 to 2015. However, the yield levels displayed some little fluctuations over the recent years. The highest apple yields were recorded in 2015.
Even though more intense modern agricultural techniques are being used, the future yield figures are subject to a substantial risk of adverse weather conditions.
Source: indexbox.io
