United Kingdom - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCherry Price in the UK - 2023
Contents:
- Cherry Price in the UK (CIF) - 2023
- Cherry Price in the UK (FOB) - 2022
- Cherry Imports in the UK
- Cherry Exports in the UK
Cherry Price in the UK (CIF) - 2023
The average cherry import price stood at $10,608 per ton in November 2023, with an increase of 9.7% against the previous month. Over the period under review, the import price saw a mild expansion. The pace of growth appeared the most rapid in April 2023 an increase of 88% month-to-month. As a result, import price reached the peak level of $13,433 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($13,478 per ton), while the price for Spain ($3,124 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Cherry Price in the UK (FOB) - 2022
The average cherry export price stood at $5,276 per ton in 2022, falling by -10.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $8,594 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($9,197 per ton), while the average price for exports to Ireland ($4,688 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cherry Imports in the UK
In 2022, the amount of cherries imported into the UK reduced slightly to 15K tons, therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports attained the peak of 15K tons, and then declined modestly in the following year.
In value terms, cherry imports expanded notably to $71M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Cherry in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 22.3 | 16.5 | 32.0 | 36.2 | 17.5% |
| Chile | 10.3 | 10.9 | 17.4 | 21.8 | 28.4% |
| South Africa | 0.7 | 1.6 | 3.9 | 4.2 | 81.7% |
| Argentina | 2.8 | 3.3 | 2.3 | 2.2 | -7.7% |
| Greece | 0.7 | 1.5 | 1.2 | 1.7 | 34.4% |
| Netherlands | 1.8 | 0.6 | 1.0 | 0.6 | -30.7% |
| Turkey | 1.7 | 4.0 | 2.3 | 0.5 | -33.5% |
| United States | 2.7 | 2.2 | 1.0 | 0.5 | -43.0% |
| Germany | 2.5 | 3.3 | 0.3 | 0.1 | -65.8% |
| Others | 3.2 | 2.9 | 2.7 | 3.4 | 2.0% |
| Total | 48.7 | 46.7 | 64.2 | 71.1 | 13.4% |
Top Suppliers of Cherry to the UK in 2022:
- Spain (9.0K tons)
- Chile (3.5K tons)
- Greece (0.6K tons)
- South Africa (0.5K tons)
- Argentina (0.3K tons)
- Turkey (0.2K tons)
- Netherlands (0.1K tons)
- United States (0.1K tons)
Cherry Exports in the UK
Cherry exports from the UK skyrocketed to 453 tons in 2022, surging by 71% on the previous year. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 86% against the previous year. As a result, the exports attained the peak of 706 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cherry exports soared to $2.4M in 2022. In general, exports showed strong growth. The growth pace was the most rapid in 2020 with an increase of 87% against the previous year. As a result, the exports attained the peak of $3.8M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cherry in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 652 | 1,416 | 691 | 669 | 0.9% |
| France | 297 | 610 | 102 | 637 | 29.0% |
| Netherlands | 742 | 644 | 92.2 | 443 | -15.8% |
| Spain | 9.1 | 527 | N/A | 341 | 234.6% |
| Germany | 29.9 | 78.7 | 649 | 169 | 78.1% |
| Belgium | 193 | 86.9 | 29.3 | 79.1 | -25.7% |
| Italy | 11.4 | 293 | N/A | N/A | 2470.2% |
| Others | 99.5 | 157 | N/A | 51.0 | -20.0% |
| Total | 2,034 | 3,812 | 1,564 | 2,389 | 5.5% |
Top Export Markets for Cherry from the UK in 2022:
- Ireland (142.7 tons)
- France (119.8 tons)
- Netherlands (90.5 tons)
- Spain (52.2 tons)
- Germany (29.4 tons)
- Belgium (8.6 tons)
This report provides an in-depth analysis of the cherry market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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