Mexico - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Cherry and Sour Cherry in Mexico - 2023
Contents:
- Price for Cherry and Sour Cherry in Mexico (CIF) - 2023
- Price for Cherry and Sour Cherry in Mexico (FOB) - 2022
- Imports of Cherry and Sour Cherry in Mexico
- Exports of Cherry and Sour Cherry in Mexico
Price for Cherry and Sour Cherry in Mexico (CIF) - 2023
The average cherry and sour cherry import price stood at $4,206 per ton in May 2023, almost unchanged from the previous month. Overall, the import price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in June 2022 an increase of 98% against the previous month. Over the period under review, average import prices attained the maximum at $11,544 per ton in November 2022; however, from December 2022 to May 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From May 2022 to May 2023, the rate of growth in terms of prices for the United States amounted to +2.7% per month.
Price for Cherry and Sour Cherry in Mexico (FOB) - 2022
In 2022, the average cherry and sour cherry export price amounted to $2,062 per ton, growing by 269% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The export price peaked at $5,596 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($15,530 per ton), while the average price for exports to Belize ($323 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 the United Arab Emirates (+20.2%), while the prices for the other major destinations experienced a decline.
Imports of Cherry and Sour Cherry in Mexico
In 2022, cherry and sour cherry imports into Mexico contracted sharply to 1.7K tons, which is down by -74.1% on the year before. Over the period under review, imports, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2021 when imports increased by 359%. As a result, imports reached the peak of 6.6K tons, and then declined significantly in the following year.
In value terms, cherry and sour cherry imports reduced dramatically to $6.5M in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 183%. As a result, imports reached the peak of $18M, and then dropped markedly in the following year.
| Import of Cherry and Sour Cherry in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 5.1 | 16.6 | 5.6 | -9.7% |
| Chile | 0.8 | 1.3 | 1.3 | 0.9 | 4.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.4 | 6.3 | 17.9 | 6.5 | -8.2% |
Top Suppliers of Cherry and Sour Cherry to Mexico in 2022:
- United States (1568.6 tons)
- Chile (148.6 tons)
Exports of Cherry and Sour Cherry in Mexico
In 2022, after three years of growth, there was significant decline in shipments abroad of cherries and sour cherries, when their volume decreased by -58.7% to 14 tons. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 191%.
In value terms, cherry and sour cherry exports surged to $28K in 2022. In general, exports, however, continue to indicate a significant expansion. 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 Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 1.7 | N/A | 20.0 | 243.0% |
| Canada | 0.9 | 5.5 | 3.6 | 6.3 | 91.3% |
| Belize | N/A | 3.7 | 10.5 | 1.6 | -34.2% |
| Hong Kong SAR | 8.8 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 1.3 | 4.4 | 0.2 | -12.6% |
| Total | 10.0 | 12.3 | 18.5 | 28.1 | 41.1% |
Top Export Markets for Cherry and Sour Cherry from Mexico in 2022:
- Canada (7.3 tons)
- Belize (5.0 tons)
- United Arab Emirates (1.3 tons)
This report provides an in-depth analysis of the market for cherry and sour cherry in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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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