Vietnam - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Cherry and Sour Cherry in Vietnam - 2021
Contents:
- Price for Cherry and Sour Cherry in Vietnam (CIF) - 2021
- Price for Cherry and Sour Cherry in Vietnam (FOB) - 2022
- Imports of Cherry and Sour Cherry in Vietnam
- Exports of Cherry and Sour Cherry in Vietnam
Price for Cherry and Sour Cherry in Vietnam (CIF) - 2021
In December 2021, the average cherry and sour cherry import price amounted to $4,236 per ton, dropping by -1.7% against the previous month. Over the period under review, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in April 2021 when the average import price increased by 9.3% m-o-m. The import price peaked at $4,961 per ton in December 2020; however, from January 2021 to December 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was New Zealand ($4,307 per ton), while the price for Australia amounted to $4,213 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cherry and Sour Cherry in Vietnam (FOB) - 2022
The average cherry and sour cherry export price stood at $3,826 per ton in 2022, picking up by 7.1% against the previous year. Over the period under review, the export price showed a mild increase. The growth pace was the most rapid in 2021 an increase of 187%. Over the period under review, the average export prices reached the maximum at $4,095 per ton in 2014; however, from 2015 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 Bahrain ($8,691 per ton), while the average price for exports to Lao People's Democratic Republic ($683 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 Bahrain (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cherry and Sour Cherry in Vietnam
Cherry and sour cherry imports into Vietnam expanded notably to 9.6K tons in 2022, growing by 10% compared with the year before. In general, imports, however, showed a relatively flat trend pattern.
In value terms, cherry and sour cherry imports surged to $49M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cherry and Sour Cherry in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.2 | 6.1 | 5.1 | 13.6 | 62.0% |
| United States | 27.9 | 27.6 | 17.2 | 13.1 | -22.3% |
| Australia | 7.1 | 7.5 | 9.5 | 10.0 | 12.1% |
| Canada | 1.8 | 1.5 | 3.1 | 6.8 | 55.7% |
| Chile | 0.1 | 0.1 | 1.6 | 5.2 | 273.3% |
| Hong Kong SAR | 0.2 | 0.3 | 0.3 | 0.6 | 44.2% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 40.3 | 43.0 | 36.9 | 49.4 | 7.0% |
Top Suppliers of Cherry and Sour Cherry to Vietnam in 2022:
- United States (2.9K tons)
- Canada (2.4K tons)
- New Zealand (1.7K tons)
- Australia (1.3K tons)
- Chile (1.1K tons)
- Hong Kong SAR (0.2K tons)
Exports of Cherry and Sour Cherry in Vietnam
In 2022, approx. 16 tons of cherries and sour cherries were exported from Vietnam; increasing by 3.5% on 2021. Over the period under review, exports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 236% against the previous year. As a result, the exports attained the peak of 103 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cherry and sour cherry exports expanded markedly to $61K in 2022. Overall, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 59%. As a result, the exports attained the peak of $127K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cherry and Sour Cherry in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 2.6 | 3.8 | 5.4 | 29.0 | 123.4% |
| Saudi Arabia | 71.2 | 49.4 | 12.5 | 23.4 | -31.0% |
| Bahrain | 4.8 | 6.6 | 13.9 | 6.9 | 12.9% |
| Singapore | 1.2 | 1.8 | 1.3 | 0.7 | -16.4% |
| Lao People's Democratic Republic | 0.5 | 65.9 | 0.4 | 0.2 | -26.3% |
| Ethiopia | N/A | N/A | 20.9 | N/A | 0% |
| Others | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Total | 80.3 | 127 | 54.7 | 60.6 | -9.0% |
Top Export Markets for Cherry and Sour Cherry from Vietnam in 2022:
- Saudi Arabia (8.0 tons)
- Cambodia (6.1 tons)
- Bahrain (0.8 tons)
- Singapore (0.6 tons)
- Lao People's Democratic Republic (0.3 tons)
This report provides an in-depth analysis of the market for cherry and sour cherry in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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