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Australia - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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Australia: Cherry Market Overview 2021

Cherry Market Size in Australia

In 2020, the Australian cherry market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2010 to 2020, the growth of the market failed to regain the momentum.

Cherry Production in Australia

In value terms, cherry production contracted significantly to $X in 2020 estimated in export prices. Overall, production continues to indicate a deep reduction. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2010 to 2020, production growth failed to regain the momentum.

In 2020, the average cherry yield in Australia soared to X tonnes per ha, picking up by X% against the previous year's figure. In general, the yield indicated a prominent increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cherry yield increased by +X% against 2011 indices. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cherry harvested area in Australia rose modestly to X ha in 2020, increasing by X% on 2019. In general, the total harvested area indicated measured growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cherry harvested area increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. from 2014 to 2020, the growth of the cherry harvested area failed to regain the momentum.

Cherry Exports

Exports from Australia

Cherry exports from Australia rose to X tonnes in 2020, surging by X% compared with the previous year. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. from 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, cherry exports amounted to $X in 2020. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Viet Nam (X tonnes) was the main destination for cherry exports from Australia, accounting for a X% share of total exports. Moreover, cherry exports to Viet Nam exceeded the volume sent to the second major destination, China (X tonnes), sevenfold. The third position in this ranking was occupied by Hong Kong SAR (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Viet Nam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Hong Kong SAR (+X% per year).

In value terms, China ($X), Hong Kong SAR ($X) and Viet Nam ($X) constituted the largest markets for cherry exported from Australia worldwide, together comprising X% of total exports.

Viet Nam (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average cherry export price amounted to $X per tonne, almost unchanged from the previous year. In general, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into Australia

In 2020, purchases abroad of cherries decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, cherry imports contracted significantly to $X in 2020. In general, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of cherry to Australia, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. amounted to -X%.

In value terms, the U.S. ($X) constituted the largest supplier of cherry to Australia.

From 2007 to 2020, the average annual growth rate of value from the U.S. totaled -X%.

Import Prices by Country

In 2020, the average cherry import price amounted to $X per tonne, increasing by X% against the previous year. Overall, import price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cherry import price increased by +X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?
+
The country with the largest volume of cherry consumption was Turkey (786K tonnes), comprising approx. 19% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, the U.S. (384K tonnes), twofold. Russia (371K tonnes) ranked third in terms of total consumption with a 8.9% share.
What are the largest producers of cherries in the world?
+
The countries with the highest volumes of cherry production in 2020 were Turkey (875K tonnes), the U.S. (444K tonnes) and Chile (402K tonnes), together accounting for 40% of global production.
What are the leading suppliers of cherries to Australia?
+
In value terms, the U.S. ($10M) constituted the largest supplier of cherry to Australia.
What are the leading importers of cherries from Australia?
+
In value terms, the largest markets for cherry exported from Australia were China ($15M), Hong Kong SAR ($11M) and Viet Nam ($8.6M), with a combined 62% share of total exports.
What is the average export price for cherries in Australia?
+
In 2020, the average cherry export price amounted to $4,970 per tonne, stabilizing at the previous year.
What is the average import price for cherries in Australia?
+
In 2020, the average cherry import price amounted to $9,961 per tonne, rising by 35% against the previous year.

Product coverage:
• FCL 530 - Sour cherries
• FCL 531 - Cherries

This report provides an in-depth analysis of the cherry market in Australia. 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 2025.


Country coverage:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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