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

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Sour Cherry Market Size in Australia

The Australian sour cherry market surged to $X in 2019, rising by X% against the previous year. Overall, consumption posted resilient growth. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Sour Cherry Production in Australia

In value terms, sour cherry production stood at $X in 2019 estimated in export prices. Over the period under review, production recorded a dramatic decline. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

In 2019, the average yield of sour cherries in Australia stood at X kg per ha, remaining constant against the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of sour cherries were harvested in Australia; stabilizing at the year before. Overall, the harvested area showed a relatively flat trend pattern.

Sour Cherry Exports

Exports from Australia

In 2019, sour cherry exports from Australia fell notably to X tonnes, waning by -X% against the previous year. Over the period under review, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, sour cherry exports expanded remarkably to $X in 2019. Overall, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for sour cherry exports from Australia, accounting for a X% share of total exports. Moreover, sour cherry exports to the United Arab Emirates exceeded the volume sent to the second major destination, Viet Nam (X tonnes), twofold. The third position in this ranking was occupied by Kuwait (X tonnes), with a X% share.

From 2012 to 2019, the average annual growth rate of volume to the United Arab Emirates stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (-X% per year) and Kuwait (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for sour cherry exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2019, the average annual growth rate of value to the United Arab Emirates totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (-X% per year) and China (-X% per year).

Export Prices by Country

The average sour cherry export price stood at $X per tonne in 2019, rising by X% against the previous year. Overall, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Kuwait ($X per tonne) was amongst the lowest.

From 2012 to 2019, 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.

Sour Cherry Imports

Imports into Australia

In 2019, purchases abroad of sour cherries was finally on the rise to reach X tonnes for the first time since 2012, thus ending a six-year declining trend. Over the period under review, imports, however, saw a deep slump. Over the period under review, imports attained the maximum at X tonnes in 2012; however, from 2013 to 2019, imports remained at a lower figure.

In value terms, sour cherry imports skyrocketed to $X in 2019. In general, imports, however, recorded a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of sour cherry to Australia, with a approx. X% share of total imports.

From 2012 to 2019, the average annual growth rate of volume from the U.S. amounted to -X%.

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

From 2012 to 2019, the average annual rate of growth in terms of value from the U.S. stood at -X%.

Import Prices by Country

The average sour cherry import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained 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 2012 to 2019, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sour cherries in the world?
+
The countries with the highest volumes of sour cherry consumption in 2019 were Russia (255K tonnes), Turkey (182K tonnes) and Ukraine (167K tonnes), with a combined 42% share of global consumption. These countries were followed by Poland, Iran, the U.S., Serbia, Uzbekistan, Hungary, Azerbaijan, Romania and Germany, which together accounted for a further 49%.
What are the largest producers of sour cherries in the world?
+
The countries with the highest volumes of sour cherry production in 2019 were Russia (244K tonnes), Turkey (182K tonnes) and Ukraine (167K tonnes), with a combined 42% share of global production. These countries were followed by Poland, Iran, the U.S., Serbia, Uzbekistan and Hungary, which together accounted for a further 43%.
What are the leading suppliers of sour cherries to Australia?
+
In value terms, the U.S. ($1.2M) constituted the largest supplier of sour cherry to Australia.
What are the leading importers of sour cherries from Australia?
+
In value terms, the United Arab Emirates ($61K) remains the key foreign market for sour cherry exports from Australia, comprising 61% of total exports. The second position in the ranking was occupied by Viet Nam ($18K), with a 18% share of total exports. It was followed by China, with a 12% share.
What is the average export price for sour cherries in Australia?
+
In 2019, the average sour cherry export price amounted to $7,340 per tonne, with an increase of 28% against the previous year.
What is the average import price for sour cherries in Australia?
+
The average sour cherry import price stood at $4,991 per tonne in 2019, with an increase of 13% against the previous year.

Product coverage:
• FCL 530 - Sour cherries

This report provides an in-depth analysis of the sour 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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