The Asian Market Is the Main Driver Behind the Growing Cherry Consumption

Pome Fruits And Stone Fruits April 20, 2018
World - Cherries - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "World: Cherries - Market Report. Analysis and Forecast to 2025".
Here is a summary of the report’s key findings.

Global Cherry Market Undergo a Moderate Increase 

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. Overall, it expanded at an average annual rate of +X from 2007 to 2016. In value terms, global cherry market reached X million USD, fluctuating somewhat notably over the last five years due to variation in prices.

Turkey Lead the Globe in Terms of Cherry Consumption; in China, However, It Expanded Rapidly

Turkey (X thousand tonnes), 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.

Among the leading consuming countries high levels of per capita consumption levels were recorded in Turkey (X kg/year in 2016), Ukraine (X kg/year), and Poland (X kg/year), which was significantly higher than the world average of X kg/year. In these countries per capita consumption generally reflected the total consumption trend pattern. The annual growth of per capita consumption from 2007 to 2015 was the most notable in Poland, with +X% growth and Turkey with +X% growth.

On the contrary, in China (X kg/year in 2016), the level of per capita consumption remains far behind from those of leading consuming countries and even world average levels. However, cherry per capita consumption in China grew rapidly over the last nine years, expanding at an average annual rate of +X%. This increasing consumption in China could become a new growth driver for global cherry market in the medium term.

The Asian Market Is the Main Driver Behind the Growing Cherry Consumption

Cherry consumption will continue to grow at a moderate pace following rising income and population growth as well as marketing programs aimed at promoting healthy, balanced nutrition. The main driver behind the growing cherry consumption will be the dynamically developing Asian market, where ongoing urbanization and gradual westernization contribute to the growth of imports of European products. 

The performance of the market is forecast to grow with an anticipated CAGR of +X% for the nine-year period from 2015 to 2025, which is expected to lead the market volume to X million tonnes by the end of 2025.

Turkey Continues to Dominate Global Cherry Production, Which Is Buoyed by Strong Expansion of the Harvested Area

Production of cherry reached X thousand tonnes in 2016, increasing gradually by +X% over the last nine years. That increase of production was largely buoyed by a measured expansion of the harvested area, against the relatively stable yield figures.

Turkey was the key world cherry producing country with an output of about X thousand tonnes in 2016, which accounted for X% of total global output. The other major producers were the U.S. (X%), Iran (X%), Russia (X%), Ukraine (X%) and Poland (X%). 

In Turkey, production levels increased by +X% annually from 2007 to 2016, largely attributed to expansion of the harvested area and favourable climate conditions. From 2007-2016, cherry output also increased in the U.S. (+X% per year), Iran  (+X%), Ukraine (+X% per year), and Poland (+X% per year). Russia (-X% per year) was major producing country with an annual decline of cherry output.

Near X% of Global Cherry Output Is Intended for Exports

Cherries is 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. 

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 some of the major exporting countries.

Chile Remains the Main Global Supplier of Cherry

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%), 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 makes Chile the largest and most reliable producer of cherries in the world.

China Was the Main Importer of Cherry

In value terms, global cherries imports stood at X million USD, with a CAGR of +X%. In 2016, the volume of global cherries imports was X thousand tonnes; there was an annual increase of +X%. In 2016, China (X%), Germany (X%) and Russia (X%) were the main importing countries of cherries in the world, together accounting for a X% of total imports. 

Amongst the major importing countries, China indicated the highest rates of growth in terms of imports, with an average annual increase of +X%. Germany illustrated a more moderate growth (+X%) over period under review.

In addition, China significantly strengthened its share from X% in 2007 to X% in 2016, while the share of Russia (-X percentage points) contracted from 2007 to 2016. The shares of Germany remained relatively stable over period under review.

Do you want to know more about 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 import
  • cherry export
  • cherry market forecast
  • cherry price forecast
  • key cherry producers

Source: World: Cherries - Market Report. Analysis and Forecast to 2025

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