Colombia - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Cherry and Sour Cherry in Colombia - 2022
Contents:
- Price for Cherry and Sour Cherry in Colombia (CIF) - 2022
- Price for Cherry and Sour Cherry in Colombia (FOB) - 2022
- Imports of Cherry and Sour Cherry in Colombia
- Exports of Cherry and Sour Cherry in Colombia
Price for Cherry and Sour Cherry in Colombia (CIF) - 2022
The average cherry and sour cherry import price stood at $4,146 per ton in 2022, which is down by -40.2% against the previous year. Overall, the import price showed a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. As a result, import price attained the peak level of $6,937 per ton, and then reduced rapidly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,775 per ton), while the price for Chile stood at $3,915 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%).
Price for Cherry and Sour Cherry in Colombia (FOB) - 2022
The average cherry and sour cherry export price stood at $6,120 per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 70%. The export price peaked at $6,504 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($8,353 per ton), while the average price for exports to the Czech Republic ($1,599 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 Aruba (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cherry and Sour Cherry in Colombia
For the fourth consecutive year, Colombia recorded growth in purchases abroad of cherries and sour cherries, which increased by 23% to 216 tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cherry and sour cherry imports reduced markedly to $896K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +43.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, imports attained the peak of $1.2M, and then reduced dramatically in the following year.
| Import of Cherry and Sour Cherry in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 529 | 613 | 866 | 740 | 11.8% |
| United States | 95.2 | 174 | 235 | 156 | 17.9% |
| Canada | N/A | 15.7 | 114 | N/A | 626.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 624 | 802 | 1,216 | 896 | 12.8% |
Top Suppliers of Cherry and Sour Cherry to Colombia in 2022:
- Chile (189.1 tons)
- United States (26.9 tons)
Exports of Cherry and Sour Cherry in Colombia
In 2022, exports of cherries and sour cherries from Colombia skyrocketed to 15 tons, rising by 101% on the year before. Overall, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 199%.
In value terms, cherry and sour cherry exports surged to $94K in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 249%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cherry and Sour Cherry in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 45.1 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 2.1 | 0% |
| Czech Republic | 3.0 | 0.1 | 4.0 | 0.9 | -33.1% |
| Slovakia | 2.6 | 0.8 | 1.1 | N/A | -35.0% |
| Aruba | 9.3 | 4.4 | 5.6 | N/A | -22.4% |
| France | 63.4 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | 6.6 | 29.4 | N/A | 345.5% |
| Others | 1.4 | 0.2 | 1.9 | 45.9 | 220.1% |
| Total | 79.7 | 12.0 | 42.0 | 94.1 | 5.7% |
Top Export Markets for Cherry and Sour Cherry from Colombia in 2022:
- Singapore (7.0 tons)
- United Arab Emirates (0.6 tons)
- Czech Republic (0.6 tons)
This report provides an in-depth analysis of the market for cherry and sour cherry in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
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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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