Global Cherry Market: Rocketing Consumption in China Demand For Imports

Pome Fruits And Stone Fruits October 09, 2017
World - Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Abstract
Description
Table of Contents

The global cherry market increased gradually from X thousand tonnes in 2007 to X thousand tonnes in 2016, with only mild fluctuations over the period under review. According to market research conducted by IndexBox, overall, it expanded at an average annual rate of +X from 2007 to 2016. In wholesale prices, global cherry market reached X million USD in 2016, fluctuating somewhat notably over the last five years. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

Turkey (X thousand tonnes in 2016), followed by the U.S. (X thousand tonnes), Russia (X thousand tonnes), Iran (X thousand tonnes), Ukraine (X thousand tonnes) and Poland (X thousand tonnes) were the countries with the highest cherry consumption, together comprising X% of the total figure. The highest annual growth rates of cherries consumption from 2007 to 2016 were recorded in Turkey, with +X% per year, and Poland, with +X% per year, respectively. The other major consuming countries indicated only a modest growth pace of consumption; moreover, in Russia it declined by -X% annually over the period under review.

Sweet cherry and sour cherry are two main types of cherries on the world market. Sweet cherry is a seasonal berry that is consumed both fresh and frozen. Sour cherry is mainly processed and is used as an ingredient for frozen fruits, juice concentrates and jams or marmalade.

Turkey is the largest producer and consumer of cherries in the world. In this country, cherry is widely used for direct consumption as a food, and for the preparation of jams and confectionery. Volume of cherries consumption in Turkey is growing steadily, based mainly on their own production.

The US is the second-largest producer and consumer of cherries. Until the last decade, the US was the leader in the production of cherries. Average per capita consumption in the country is quite stable; however, the trend toward healthy eating and consuming vitamin-rich fruits contributes to a mild increase in consumption of cherries.

By contrast, the China's share in the market makes only X% of the world's cherry consumption (according to 2016 data), with cherry per capita consumption in this country amounting to X kg/year in 2016, which remains one of the lowest in the world. However, the per capita consumption in China grew rapidly over the last nine years, expanding at the world’s greatest growth rate of +X% per year from 2007 to 2016.

The Chinese market presents good opportunities for growing consumption of cherries due to continued urbanization and westernization, which go along with the penetration of European food culture. The growing incomes are also expected to contribute to increased consumption of cherries in China. This increasing consumption in China could become a new growth driver for global cherry market in the medium term.

Thus, Asia, especially China, will become the fastest growing market for cherry consumption. In other countries, for which cherry is a habitual product, no significant increase in consumption is expected, although an increase in household incomes and the popularization of healthy eating will support a moderate increase in the consumption. The growth in consumption of processed cherries will be also facilitated by an increase in consumption of juices, jams, baked goods, frozen fruits and other commercial products made with cherries.

Therefore, global cherry market as a whole is projected to continue an upward consumption trend over the next nine years. The performance of the market is forecast to increase with an anticipated CAGR of +X% for the nine-year period from 2015 to X, which is expected to lead the market volume to X million tonnes by the end of X.

Cherries are a widely traded commodity, with the share of export in total global output being about X% throughout 2007-2016. This high trade intensity is determined mainly by the substantial distances between some of the consuming countries and the main centers of cherry production.

In 2016, global exports of cherries reached X million USD, expanding at an average annual rate of growth of +X% from 2007 to 2016. The volume of global cherries exports amounted to X thousand tonnes in 2016, with an annual increase of +X% over the period under review.

In terms of global cherry exports, among all other countries three largest suppliers stand out: Chile (X% of the total exports in 2016), Turkey (X%) and the U.S. (X%). From 2007 to 2016, average annual rates of growth of cherries exports from these countries stood at +X%, +X% and +X%, respectively.

The share of Chile increased significantly from X% in 2007 to X% in 2016. At the same time, the shares of Turkey (-X percentage points) and the U.S. (-X percentage points) declined over the period under review. Therefore, this enables Chile to emerge as the leading supplier of cherries in the world and secure a sustainable market position.

On the other hand, China (X thousand tonnes), Germany (X thousand tonnes) and Russia (X thousand tonnes) were the main destinations of cherries imports in 2016, together making up X% of the total imports. Moreover, China indicated the highest rates of growth in terms of imports, with an average annual increase of +X%, thereby significantly strengthening its share in the global imports from X% in 2007 to X% in 2016.

In the immediate term, cherry will continue to be highly traded, fueled by increasing consumption, especially in China and other Asian countries. However, the annual growth could be restrained by softening growth of cherries manufacturing and increasing domestic demand in Turkey and some of the other major exporting countries.

Do you want to know more about the global cherry market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • cherry market share
  • cherry prices
  • cherry industry
  • cherry sales
  • cherry market forecast
  • cherry price forecast
  • key cherry producers

Source: World: Cherries – Market Report. Analysis and Forecast to X

Product coverage:
FCL 530 - Sour cherries;
FCL 531 - Cherries.

This report provides an in-depth analysis of the global cherry market. 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 2025.

Country coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 COUNTRIES WITH TOP YIELDS
5.4 TOP EXPORTING COUNTRIES
5.5 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE
7.2 PRODUCTION BY COUNTRY
7.3 HARVESTED AREA AND YIELD BY COUNTRY

8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

11. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Harvested Area, By Country, 2007-2017
Table 7: Yield, By Country, 2007-2017
Table 8: Imports, In Physical Terms, By Country, 2007–2017
Table 9: Imports, In Value Terms, By Country, 2007–2017
Table 10: Import Prices, By Country Of Destination, 2007–2017
Table 11: Exports, In Physical Terms, By Country, 2007–2017
Table 12: Exports, In Value Terms, By Country, 2007–2017
Table 13: Export Prices, By Country Of Origin, 2007–2017
Table 14: Producer Prices, By Major Producing Country, 2017
Table 15: Producer Prices Index - Annual Data (2004-2006 = 100), By Major Producing Country

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Yield And Growth
Figure 11: Exports And Growth
Figure 12: Export Prices And Growth
Figure 13: Market Size And Growth
Figure 14: Per Capita Consumption
Figure 15: Imports And Growth
Figure 16: Import Prices
Figure 17: Production, In Physical Terms, 2007–2017
Figure 18: Production, In Value Terms, 2007–2017
Figure 19: Area Harvested, 2007–2017
Figure 20: Yield, 2007–2017
Figure 21: Production, By Country, 2017
Figure 22: Production, In Physical Terms, By Country, 2007–2017
Figure 23: Harvested Area, By Country, 2017
Figure 24: Harvested Area, By Country, 2007-2017
Figure 25: Yield, By Country, 2007-2017
Figure 26: Imports, In Physical Terms, 2007–2017
Figure 27: Imports, In Value Terms, 2007–2017
Figure 28: Imports, In Physical Terms, By Country, 2017
Figure 29: Imports, In Physical Terms, By Country, 2007–2017
Figure 30: Imports, In Value Terms, By Country, 2007–2017
Figure 31: Import Prices, By Country, 2007–2017
Figure 32: Exports, In Physical Terms, 2007–2017
Figure 33: Exports, In Value Terms, 2007–2017
Figure 34: Exports, In Physical Terms, By Country, 2017
Figure 35: Exports, In Physical Terms, By Country, 2007–2017
Figure 36: Exports, In Value Terms, By Country, 2007–2017
Figure 37: Export Prices, 2007–2017