South Africa - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCherry Price in South Africa - 2023
Contents:
- Cherry Price in South Africa (FOB) - 2023
- Cherry Price in South Africa (CIF) - 2022
- Cherry Exports in South Africa
- Cherry Imports in South Africa
Cherry Price in South Africa (FOB) - 2023
The average cherry export price stood at $9,644 per ton in November 2023, with an increase of 7.7% against the previous month. Overall, the export price recorded a noticeable expansion. The growth pace was the most rapid in October 2023 when the average export price increased by 1,557% month-to-month. Over the period under review, the average export prices hit record highs in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($14,234 per ton), while the average price for exports to Tanzania ($378 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cherry Price in South Africa (CIF) - 2022
In 2022, the average cherry import price amounted to $4,303 per ton, almost unchanged from the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cherry import price increased by +65.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 67% against the previous year. The import price peaked at $4,751 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($5,256 per ton), while the price for Spain ($3,524 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+57.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cherry Exports in South Africa
In 2022, exports of cherries from South Africa surged to 992 tons, increasing by 39% on the previous year's figure. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 117%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cherry exports soared to $6.5M in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 188%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Cherry in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 440 | 836 | 3,618 | 3,632 | 102.1% |
| Malaysia | 5.5 | 85.6 | 80.2 | 673 | 396.5% |
| United Arab Emirates | 195 | 266 | N/A | 513 | 38.0% |
| Netherlands | 328 | 268 | 190 | 330 | 0.2% |
| Cambodia | N/A | N/A | N/A | 271 | 0% |
| Saudi Arabia | N/A | N/A | 14.4 | 189 | 1212.5% |
| Mauritius | 155 | 25.3 | 35.2 | 88.1 | -17.2% |
| Botswana | 53.7 | 41.3 | 78.1 | 80.1 | 14.3% |
| Namibia | 51.1 | 25.9 | 59.4 | 78.2 | 15.2% |
| Mozambique | 108 | 19.5 | 21.1 | 28.0 | -36.2% |
| Lesotho | 11.1 | 10.3 | 17.6 | 13.0 | 5.4% |
| Tanzania | 17.4 | 9.5 | 13.5 | 12.3 | -10.9% |
| Others | 302 | 104 | 740 | 582 | 24.4% |
| Total | 1,667 | 1,691 | 4,867 | 6,490 | 57.3% |
Top Export Markets for Cherry from South Africa in 2022:
- United Kingdom (512.5 tons)
- Malaysia (95.6 tons)
- United Arab Emirates (68.3 tons)
- Saudi Arabia (40.5 tons)
- Netherlands (39.8 tons)
- Botswana (34.8 tons)
- Lesotho (28.9 tons)
- Cambodia (20.5 tons)
- Tanzania (18.2 tons)
- Namibia (16.9 tons)
- Mauritius (15.1 tons)
- Mozambique (6.1 tons)
Cherry Imports in South Africa
In 2022, approx. 90 tons of cherries were imported into South Africa; rising by 35% compared with the year before. Overall, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 92% against the previous year. As a result, imports attained the peak of 262 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cherry imports surged to $387K in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 87% against the previous year. As a result, imports reached the peak of $853K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cherry in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 129 | 109 | 15.5 | 198 | 15.4% |
| Spain | 52.9 | 227 | 240 | 171 | 47.9% |
| Bulgaria | N/A | N/A | N/A | 18.7 | 0% |
| Italy | 206 | 91.9 | 27.9 | N/A | -63.2% |
| Turkey | 67.2 | 426 | N/A | N/A | 533.9% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 456 | 853 | 284 | 387 | -5.3% |
Top Suppliers of Cherry to South Africa in 2022:
- Spain (48.4 tons)
- United Kingdom (37.7 tons)
- Bulgaria (3.9 tons)
This report provides an in-depth analysis of the cherry market in South Africa. 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.
Product coverage:
- FCL 531 - Cherries
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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