Report Update: Apr 1, 2024

Chile - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Price for Cherry and Sour Cherry in Chile - 2023

Price for Cherry and Sour Cherry in Chile (FOB) - 2023

In July 2023, the average cherry and sour cherry export price amounted to $6,859 per ton, picking up by 6.6% against the previous month. In general, the export price saw a temperate increase. The pace of growth appeared the most rapid in September 2022 an increase of 207% month-to-month. As a result, the export price attained the peak level of $15,585 per ton. From October 2022 to July 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was the United States ($6,877 per ton), while the average price for exports to Colombia stood at $6,600 per ton.

From August 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cherry and Sour Cherry in Chile (CIF) - 2022

The average cherry and sour cherry import price stood at $2,546 per ton in 2021, almost unchanged from the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 233% against the previous year. As a result, import price attained the peak level of $6,993 per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($9,563 per ton), while the price for Turkey totaled $2,309 per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cherry and Sour Cherry in Chile

For the fourth year in a row, Chile recorded growth in shipments abroad of cherries and sour cherries, which increased by 18% to 397K tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cherry and sour cherry exports skyrocketed to $2B in 2022. The total export value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cherry and Sour Cherry in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,412	1,455	1,484	1,819	8.8%
United States	28.3	27.0	47.0	59.9	28.4%
South Korea	33.7	25.1	42.2	35.7	1.9%
Taiwan (Chinese)	18.7	16.4	28.4	31.8	19.4%
Others	69.0	59.3	81.2	83.4	6.5%
Total	1,562	1,583	1,683	2,030	9.1%

Top Export Markets for Cherry and Sour Cherry from Chile in 2022:

China (351.3K tons)
United States (13.8K tons)
South Korea (6.5K tons)
Taiwan (Chinese) (6.4K tons)

Imports of Cherry and Sour Cherry in Chile

In 2021, imports of cherries and sour cherries into Chile stood at 22 tons, remaining relatively unchanged against 2020 figures. Over the period under review, imports showed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, cherry and sour cherry imports stood at $56K in 2021. In general, imports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2020.

Import of Cherry and Sour Cherry in Chile (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Turkey	N/A	N/A	49.1	0%
United States	N/A	N/A	6.9	0%
Canada	56.0	N/A	N/A	0%
Others	0.1	N/A	N/A	0%
Total	56.1	N/A	56.0	-0.1%

Top Suppliers of Cherry and Sour Cherry to Chile in 2022:

Turkey (21.3 tons)
United States (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for cherry and sour cherry in Chile. 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 530 - Sour cherries
FCL 531 - Cherries

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023