In the first two quarters of 2023, apple production in China and other Asian countries saw a significant 5% decline, primarily due to adverse weather conditions like unseasonal rains, extreme temperatures, and hailstorms, particularly in key apple-producing regions like Shaanxi and Shandong.
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The United States also faced a similar situation, with apple production dropping to its lowest levels since 2012. Consequently, exports to the United States fell to their lowest point since 2003-04. Additionally, Cyclone Gabrielle wreaked havoc on New Zealand’s apple export supply, causing a projected 60,000-ton production decrease and over a 20% drop in exports, raising concerns in the industry.
Definition
Apples are crisp, round or oval fruits produced by apple trees (Malus domestica). They come in various colors, including red, green, and yellow, with a sweet to tart flavor. Apples are prized for their nutritional properties, containing vitamins, fiber, and antioxidants. They are versatile in culinary applications, suitable for fresh consumption, baking, and beverages like apple juice and cider. Apples can be stored for extended periods due to their natural preservation qualities. Their crunchy texture and natural sweetness make them a popular and healthy snack choice.
Key Details About the Apples Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Apples in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Apples Price chart, including India Apples price, USA Apples price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Apples Price Trend:
Apples, aside from their popularity as a fresh fruit, serve various industrial purposes. The food processing industry utilizes apples for products like applesauce, apple juice, and apple pie filling. These processed forms are widely used in baking, baby food, and snack production. Apples are also a source of natural pectin, used as a gelling agent in jams and jellies. In the beverage industry, apples are essential for making apple juice, cider, and brandy. Their extracts find applications in the production of flavorings, and the cosmetic industry incorporates apple extracts for potential skincare benefits. Overall, apples contribute significantly to the food, beverage, and cosmetic industries due to their versatility and nutritional value.
Key Players:
- Washington Fruit & Produce Co
- Auvil Fruit Co Inc
- Symms Fruit Ranch Inc
- Stemilt Growers LLC
- Jewel Apple Ltd
- Gilbert Orchards
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
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