Chile: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Chile

In 2022, the Chilean cherry and sour cherry market decreased by X% to $X, falling for the third consecutive year after five years of growth. Over the period under review, the total consumption indicated moderate 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, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Cherries and Sour Cherries in Chile

In value terms, cherry and sour cherry production reduced slightly to $X in 2022 estimated in export price. Overall, production posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Cherry and sour cherry production peaked at $X in 2019; afterwards, it flattened through to 2022.

The average yield of cherries and sour cherries in Chile surged to X tons per ha in 2022, jumping by X% compared with the year before. Overall, the yield indicated a remarkable increase from 2012 to 2022: its figure 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 yield increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The cherry and sour cherry yield peaked in 2022 and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cherries and sour cherries were harvested in Chile; leveling off at 2021. Over the period under review, the harvested area saw a remarkable increase. The growth pace was the most rapid in 2019 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 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Cherries and Sour Cherries

Exports from Chile

For the fifth consecutive year, Chile recorded growth in shipments abroad of cherries and sour cherries, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cherry and sour cherry exports skyrocketed to $X in 2022. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for cherry and sour cherry exports from Chile, with a X% share of total exports. Moreover, cherry and sour cherry exports to China exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, China ($X) remains the key foreign market for cherries and sour cherries exports from Chile, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

Export Prices by Country

The average cherry and sour cherry export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and South Korea ($X per ton), while the average price for exports to the United States ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Cherries and Sour Cherries

Imports into Chile

In 2021, overseas purchases of cherries and sour cherries decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, cherry and sour cherry imports totaled $X in 2021. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of cherry and sour cherry to Chile, accounting for a X% share of total imports. Moreover, cherry and sour cherry imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2016 to 2021, the average annual growth rate of volume from Turkey was relatively modest.

In value terms, Turkey ($X) constituted the largest supplier of cherries and sour cherries to Chile, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2016 to 2021, the average annual rate of growth in terms of value from Turkey was relatively modest.

Import Prices by Country

In 2021, the average cherry and sour cherry import price amounted to $X per ton, remaining constant against the previous year. In general, the import price recorded a modest expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey stood at $X per ton.

From 2016 to 2021, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :