Cherry Price in Vietnam - 2022
Contents:
- Cherry Price in Vietnam (CIF) - 2022
- Cherry Price in Vietnam (FOB) - 2022
- Cherry Imports in Vietnam
- Cherry Exports in Vietnam
Cherry Price in Vietnam (CIF) - 2022
In 2022, the average cherry import price amounted to $5,257 per ton, picking up by 22% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($5,257 per ton) and the United States ($5,257 per ton), while the price for Canada ($5,257 per ton) and Chile ($5,257 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cherry Price in Vietnam (FOB) - 2022
The average cherry export price stood at $3,743 per ton in 2022, which is down by -7.1% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 122% against the previous year. Over the period under review, the average export prices hit record highs at $4,634 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($3,860 per ton), while the average price for exports to Singapore stood at $856 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Cherry Imports in Vietnam
In 2022, supplies from abroad of cherries decreased by -13.4% to 7.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 0.1% against the previous year. As a result, imports attained the peak of 9.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cherry imports rose significantly to $39M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, imports reached the peak of $42M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cherry in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.2 | 26.7 | 17.5 | 14.0 | -17.8% |
| Australia | 7.0 | 7.5 | 9.7 | 8.5 | 6.7% |
| New Zealand | 3.2 | 6.0 | 5.1 | 6.8 | 28.6% |
| Canada | 1.5 | 1.4 | 2.7 | 6.3 | 61.3% |
| Chile | N/A | N/A | 1.6 | 3.2 | 100.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 37.0 | 41.6 | 36.7 | 38.7 | 1.5% |
Top Suppliers of Cherry to Vietnam in 2022:
- United States (2.7K tons)
- Australia (1.6K tons)
- New Zealand (1.3K tons)
- Canada (1.2K tons)
- Chile (0.6K tons)
Cherry Exports in Vietnam
In 2022, exports of cherries from Vietnam skyrocketed to 16 tons, jumping by 20% compared with 2021 figures. In general, exports, however, recorded a abrupt setback.
In value terms, cherry exports stood at $60K in 2022. Over the period under review, exports, however, recorded a abrupt contraction.
| Export of Cherry in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 2.8 | N/A | 5.4 | 59.2 | 176.5% |
| Singapore | N/A | 0.9 | 0.4 | 0.5 | -25.5% |
| Ethiopia | N/A | N/A | 20.9 | N/A | 0% |
| Saudi Arabia | 76.7 | 54.0 | 12.5 | N/A | -59.6% |
| Bahrain | N/A | N/A | 13.9 | N/A | 0% |
| Others | N/A | N/A | 0.7 | 0.2 | -71.4% |
| Total | 79.5 | 54.9 | 53.8 | 59.9 | -9.0% |
Top Export Markets for Cherry from Vietnam in 2022:
- Cambodia (15.3 tons)
- Singapore (0.6 tons)
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