Chile: Sour Cherry Market 2024

Sour Cherry Market Size in Chile

In 2022, the Chilean sour cherry market increased by X% to $X, rising for the second consecutive year after five years of decline. Overall, consumption recorded modest growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sour Cherry Production in Chile

In value terms, sour cherry production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

The average yield of sour cherries in Chile contracted to X tons per ha in 2022, with a decrease of X% on the previous year. In general, the yield, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. The sour cherry yield peaked at X tons per ha in 2021, and then dropped 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.

In 2022, the total area harvested in terms of sour cherries production in Chile reduced markedly to X ha, falling by X% on the previous year's figure. Overall, the harvested area showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to sour cherry production reached the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Sour Cherry Exports

Exports from Chile

In 2022, after five years of growth, there was significant decline in shipments abroad of sour cherries, when their volume decreased by X% to X tons. Over the period under review, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sour cherry exports reduced sharply to $X in 2022. Overall, exports showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

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

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

In value terms, China ($X) remains the key foreign market for sour cherries exports from Chile, comprising X% of total exports. The second position in the ranking was held by the United States ($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 stood at 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

In 2022, the average sour cherry export price amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded mild growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sour Cherry Imports

Imports into Chile

In 2018, the amount of sour cherries imported into Chile skyrocketed to X tons, with an increase of X% on 2017. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sour cherry imports skyrocketed to $X in 2018. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2018, Belgium (X tons) constituted the largest sour cherry supplier to Chile, with a approx. X% share of total imports.

From 2017 to 2018, the average annual growth rate of volume from Belgium was relatively modest.

In value terms, Belgium ($X) constituted the largest supplier of sour cherries to Chile.

From 2017 to 2018, the average annual rate of growth in terms of value from Belgium was relatively modest.

Import Prices by Country

The average sour cherry import price stood at $X per ton in 2018, with an increase of X% against the previous year. Over the period under review, import price indicated significant growth from 2017 to 2018: its price increased at an average annual rate of X% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Belgium.

From 2017 to 2018, the rate of growth in terms of prices for Belgium amounted to X% per year.

Source: IndexBox Platform

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