Asia-Pacific: Market for Cherries and Sour Cherries 2022

Market Size for Cherries and Sour Cherries in Asia-Pacific

The Asia-Pacific cherry and sour cherry market totaled $X in 2021, picking up by X% against the previous year. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Production of Cherries and Sour Cherries in Asia-Pacific

In value terms, cherry and sour cherry production declined modestly to $X in 2021 estimated in export prices. Over the period under review, production, however, saw a prominent increase. The pace of growth was the most pronounced in 2012 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.

The countries with the highest volumes of cherry and sour cherry production in 2021 were China (X tonnes), Hong Kong SAR (X tonnes) and Japan (X tonnes), with a combined X% share of total production.

From 2007 to 2021, the biggest increases were in China (+X%), while cherry and sour cherry production for the other leaders experienced more modest paces of growth.

The average cherry and sour cherry yield contracted markedly to X tonnes per ha in 2021, with a decrease of -X% compared with the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. As a result, the yield reached the peak level of X tonnes per ha, and then fell significantly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cherry and sour cherry harvested area expanded modestly to X ha in 2021, growing by X% compared with the previous year's figure. The harvested area increased at an average annual rate of +X% from 2007 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to cherry and sour cherry production attained the maximum at X ha in 2015; however, from 2016 to 2021, the harvested area failed to regain momentum.

Production By Country in Asia-Pacific

The countries with the highest volumes of cherry and sour cherry production in 2021 were China (X tonnes), Hong Kong SAR (X tonnes) and Japan (X tonnes), together comprising X% of total production.

From 2007 to 2021, the most notable rate of growth in terms of cherry and sour cherry production, amongst the main producing countries, was attained by China (+X%), while cherry and sour cherry production for the other leaders experienced more modest paces of growth.

Exports of Cherries and Sour Cherries

Exports in Asia-Pacific

Cherry and sour cherry exports soared to X tonnes in 2021, increasing by X% on the previous year's figure. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, cherry and sour cherry exports skyrocketed to $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Hong Kong SAR prevails in cherry and sour cherry exports structure, resulting at X tonnes, which was approx. X% of total exports in 2021. It was distantly followed by Australia (X tonnes), constituting a X% share of total exports.

Hong Kong SAR was also the fastest-growing in terms of the cherries and sour cherries exports, with a CAGR of +X% from 2007 to 2021. At the same time, Australia (+X%) displayed positive paces of growth. Hong Kong SAR (+X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -X% from 2007 to 2021, respectively.

In value terms, Hong Kong SAR ($X) remains the largest cherry and sour cherry supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports.

In Hong Kong SAR, cherry and sour cherry exports expanded at an average annual rate of +X% over the period from 2007-2021.

Export Prices by Country

The cherry and sour cherry export price in Asia-Pacific stood at $X per tonne in 2021, with a decrease of -X% against the previous year. Over the period under review, the export price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2012 when the export price increased by X% year-to-year. Over the period under review, the export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per tonne), while Australia amounted to $X per tonne.

From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-X%).

Imports of Cherries and Sour Cherries

Imports in Asia-Pacific

Cherry and sour cherry imports rose slightly to X tonnes in 2021, growing by X% against 2020. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cherry and sour cherry imports declined to $X in 2021. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. The level of import peaked at $X in 2020, and then reduced modestly in the following year.

Imports by Country

China (X tonnes) and Hong Kong SAR (X tonnes) dominates cherry and sour cherry imports structure, together committing X% of total imports. The following importers - South Korea (X tonnes), Taiwan (Chinese) (X tonnes), Vietnam (X tonnes) and Japan (X tonnes) - together made up X% of total imports.

From 2007 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported cherries and sour cherries in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2021, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The cherry and sour cherry import price in Asia-Pacific stood at $X per tonne in 2021, declining by -X% against the previous year. Over the period from 2007 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2020, and then fell modestly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($X per tonne), while Vietnam ($X per tonne) was amongst the lowest.

From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform