Australia and Oceania: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Australia and Oceania

The cherry and sour cherry market in Australia and Oceania contracted to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Cherries and Sour Cherries in Australia and Oceania

In value terms, cherry and sour cherry production amounted to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Australia (X tons) remains the largest cherry and sour cherry producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, cherry and sour cherry production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), fourfold.

In Australia, cherry and sour cherry production increased at an average annual rate of X% over the period from 2012-2022.

In 2022, the average cherry and sour cherry yield in Australia and Oceania declined modestly to X tons per ha, approximately reflecting 2021. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the cherry and sour cherry yield attained the peak level at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cherries and sour cherries in Australia and Oceania dropped modestly to X ha, leveling off at the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cherry and sour cherry production attained the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Exports of Cherries and Sour Cherries

Exports in Australia and Oceania

In 2022, shipments abroad of cherries and sour cherries increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cherry and sour cherry exports expanded notably to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X tons), followed by New Zealand (X tons) represented the major exporters of cherries and sour cherries, together achieving X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by New Zealand (with a CAGR of X%).

In value terms, the largest cherry and sour cherry supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Imports of Cherries and Sour Cherries

Imports in Australia and Oceania

In 2022, imports of cherries and sour cherries in Australia and Oceania contracted notably to X tons, waning by X% on the year before. In general, imports faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cherry and sour cherry imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Guam (X tons), comprising a X% share of total imports. French Polynesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cherry and sour cherry imports into Australia stood at X%. At the same time, Guam (X%) displayed positive paces of growth. Moreover, Guam emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, French Polynesia (X%) illustrated a downward trend over the same period. While the share of Guam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cherries and sour cherries in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total imports.

In Australia, cherry and sour cherry imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (X% per year) and Guam (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cherry and sour cherry import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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