Argentina: Cherry Market Overview 2020

Cherry Market Size in Argentina

The revenue of the cherry market in Argentina amounted to $X in 2018, surging by X% against the previous year. Overall, cherry consumption, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Cherry consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Cherry Production in Argentina

In value terms, cherry production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Cherry production peaked at $X in 2016; however, from 2017 to 2018, production stood at a somewhat lower figure.

Average yield of cherries in Argentina stood at X tonne per ha in 2018, remaining stable against the previous year. Overall, the cherry yield continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 when yield increased by X% y-o-y. Cherry yield peaked at X tonne per ha in 2007; however, from 2008 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Cherry harvested area in Argentina amounted to X ha in 2018, increasing by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Cherry harvested area peaked at X ha in 2013; however, from 2014 to 2018, harvested area failed to regain its momentum.

Cherry Exports

Exports from Argentina

In 2018, the amount of cherries exported from Argentina totaled X tonnes, coming down by -X% against the previous year. Over the period under review, cherry exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, cherry exports stood at $X in 2018. Over the period under review, cherry exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

The U.S. (X tonnes), China, Hong Kong SAR (X tonnes) and Spain (X tonnes) were the main destinations of cherry exports from Argentina, together accounting for X% of total exports. These countries were followed by the UK, Singapore, Brazil and the United Arab Emirates, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Singapore, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China, Hong Kong SAR ($X) and Spain ($X) constituted the largest markets for cherry exported from Argentina worldwide, with a combined X% share of total exports. These countries were followed by the UK, Singapore, the United Arab Emirates and Brazil, which together accounted for a further X terms of the main countries of destination, Singapore experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cherry export price stood at $X per tonne in 2018, reducing by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into Argentina

In 2018, the cherry imports into Argentina stood at X tonnes, reducing by -X% against the previous year. Over the period under review, cherry imports continue to indicate a deep reduction. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, cherry imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, cherry imports amounted to $X in 2018. Over the period under review, cherry imports continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Chile (X tonnes) was the main supplier of cherry to Argentina, accounting for a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Chile stood at -X%.

In value terms, Chile ($X) constituted the largest supplier of cherry to Argentina.

From 2007 to 2018, the average annual rate of growth in terms of value from Chile stood at -X%.

Import Prices by Country

In 2018, the average cherry import price amounted to $X per tonne, remaining stable against the previous year. In general, the cherry import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for cherries attained their peak figure at $X per tonne in 2009; however, from 2010 to 2018, 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 Chile.

From 2007 to 2018, the rate of growth in terms of prices for Chile amounted to +X% per year.

Source: IndexBox AI Platform