
China - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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Chilean Suppliers Thrive on the Chinese Cherry Market
IndexBox has just published a new report: 'China - Cherries - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Chinese cherry market relies on imports, as supplies from abroad constitute 70% of total cherry consumption in China. Over the past 6 years, cherry imports into China have doubled. The country became an attractive destination for exporters, with Chilean suppliers capturing the market.
Cherry Imports into China
In 2020, cherry imports into China rose sharply to 210K tonnes, with an increase of 7.9% against 2019. In value terms, cherry imports skyrocketed to $1.6B (IndexBox estimates) in 2020.
In 2020, Chile (195K tonnes) was the main cherry supplier to China, accounting for a 92% share of total imports. Moreover, cherry imports from Chile exceeded the figures recorded by the second-largest supplier, the U.S. (8.8K tonnes), more than tenfold. From 2012 to 2020, the average annual growth rate of volume from Chile stood at +27.4%.
In value terms, Chile ($1.5B) constituted the largest supplier of cherry to China, comprising 91% of total imports. The second position in the ranking was occupied by the U.S. ($79M), with a 4.8% share of total imports.
The average cherry import price stood at $7,812 per tonne in 2020, picking up by 8.1% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +4.4%. Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($8,965 per tonne), while the price for Chile totaled $7,693 per tonne.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for cherry and sour cherry in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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