
China - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
China: Market for Cherries and Sour Cherries 2023
Market Size for Cherries and Sour Cherries in China
The Chinese cherry and sour cherry market skyrocketed to $X in 2021, increasing by 24% against the previous year. Overall, consumption posted prominent growth. Cherry and sour cherry consumption peaked in 2021 and is likely to see steady growth in the immediate term.
Production of Cherries and Sour Cherries in China
In value terms, cherry and sour cherry production declined slightly to $X in 2021 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 90% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.
In 2021, the average yield of cherries and sour cherries in China fell to X tons per ha, stabilizing at the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by 0.4% against the previous year. Over the period under review, the average cherry and sour cherry yield attained the maximum level at X tons per ha in 2015; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2021, the harvested area of cherries and sour cherries in China shrank to X ha, approximately equating the year before. The harvested area increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 5.9% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2021, the growth of the cherry and sour cherry harvested area failed to regain momentum.
Exports of Cherries and Sour Cherries
Exports from China
In 2021, cherry and sour cherry exports from China rose to X tons, with an increase of 2.9% compared with the previous year's figure. In general, exports, however, recorded a dramatic shrinkage. The growth pace was the most rapid in 2017 with an increase of 3,045% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, cherry and sour cherry exports declined remarkably to $X in 2021. Overall, exports, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2017 when exports increased by 4,676%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
Myanmar (X tons), Malaysia (X kg) and Singapore (X kg) were the main destinations of cherry and sour cherry exports from China, with a combined 22% share of total exports.
From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +49.5%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, Malaysia ($X) emerged as the key foreign market for cherry and sour cherry exports from China, comprising 38% of total exports. The second position in the ranking was held by Singapore ($X), with a 19% share of total exports. It was followed by Thailand, with a 14% share.
From 2012 to 2021, the average annual growth rate of value to Malaysia stood at +108.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+60.6% per year) and Thailand (-16.9% per year).
Export Prices by Country
The average cherry and sour cherry export price stood at $X per ton in 2021, waning by -42.6% against the previous year. In general, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 52%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank significantly in the following year.
Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+407.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cherries and Sour Cherries
Imports into China
In 2021, the amount of cherries and sour cherries imported into China surged to X tons, rising by 49% on the year before. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 88% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.
In value terms, cherry and sour cherry imports soared to $X in 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 78% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.
Imports by Country
In 2021, Chile (X tons) was the main supplier of cherry and sour cherry to China, accounting for a 96% share of total imports. It was followed by the United States (X tons), with a 2.8% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from Chile amounted to +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.2% per year) and Canada (+24.6% per year).
In value terms, Chile ($X) constituted the largest supplier of cherry and sour cherry to China, comprising 94% of total imports. The second position in the ranking was held by the United States ($X), with a 3.3% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Chile amounted to +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.8% per year) and Canada (+18.7% per year).
Import Prices by Country
The average cherry and sour cherry import price stood at $X per ton in 2021, falling by -20.1% against the previous year. In general, the import price saw a mild curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 63%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.0%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for cherry and sour cherry in China. 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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