Report Eastern Asia - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Eastern Asia - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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Eastern Asia: Market for Cherries and Sour Cherries 2022

Market Size for Cherries and Sour Cherries in Eastern Asia

The East Asian cherry and sour cherry market rose to $X in 2021, increasing by X% against the previous year. Overall, consumption continues to indicate a buoyant increase. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Cherries and Sour Cherries in Eastern Asia

In value terms, cherry and sour cherry production declined to $X in 2021 estimated in export prices. Overall, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

The countries with the highest volumes of cherry and sour cherry production in 2021 were China (X tonnes), Hong Kong SAR (X tonnes) and Japan (X tonnes).

From 2007 to 2021, the biggest increases were in China (+X%), while cherry and sour cherry production for the other leaders experienced mixed trends in the production figures.

The average cherry and sour cherry yield shrank notably to X tonnes per ha in 2021, which is down by -X% against the previous year. The yield indicated perceptible growth from 2007 to 2021: its figure increased at an average annual rate of +X% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cherry and sour cherry yield increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the yield increased by X% y-o-y. As a result, the yield attained the peak level of X tonnes per ha, and then shrank rapidly 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 2021, approx. X ha of cherries and sour cherries were harvested in Eastern Asia; growing by X% against 2020 figures. The harvested area increased at an average annual rate of +X% from 2007 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2021, the harvested area remained at a lower figure.

Production By Country in Eastern Asia

The countries with the highest volumes of cherry and sour cherry production in 2021 were China (X tonnes), Hong Kong SAR (X tonnes) and Japan (X tonnes).

From 2007 to 2021, the biggest increases were in China (+X%), while cherry and sour cherry production for the other leaders experienced mixed trends in the production figures.

Exports of Cherries and Sour Cherries

Exports in Eastern Asia

In 2021, the amount of cherries and sour cherries exported in Eastern Asia skyrocketed to X tonnes, increasing by X% on the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, cherry and sour cherry exports surged to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The shipments of the one major exporters of cherries and sour cherries, namely Hong Kong SAR, represented more than two-thirds of total export.

Hong Kong SAR was also the fastest-growing in terms of the cherries and sour cherries exports, with a CAGR of +X% from 2007 to 2021. From 2007 to 2021, the share of Hong Kong SAR increased by +X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) also remains the largest cherry and sour cherry supplier in Eastern Asia.

In Hong Kong SAR, cherry and sour cherry exports increased at an average annual rate of +X% over the period from 2007-2021.

Export Prices by Country

In 2021, the cherry and sour cherry export price in Eastern Asia amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by X% y-o-y. Over the period under review, the export prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2007 to 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to -X% per year.

Imports of Cherries and Sour Cherries

Imports in Eastern Asia

In 2021, the amount of cherries and sour cherries imported in Eastern Asia stood at X tonnes, picking up by X% compared with the year before. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cherry and sour cherry imports fell modestly to $X in 2021. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. The level of import peaked at $X in 2020, and then fell modestly in the following year.

Imports by Country

China (X tonnes) and Hong Kong SAR (X tonnes) dominates cherry and sour cherry imports structure, together making up X% of total imports. It was distantly followed by South Korea (X tonnes), comprising a X% share of total imports. The following importers - Taiwan (Chinese) (X tonnes) and Japan (X tonnes) - together made up X% of total imports.

From 2007 to 2021, the biggest increases were in China (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported cherries and sour cherries in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, cherry and sour cherry imports increased at an average annual rate of +X% over the period from 2007-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The cherry and sour cherry import price in Eastern Asia stood at $X per tonne in 2021, declining by -X% against the previous year. Over the last fourteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per tonne), while Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries and sour cherries in Eastern Asia?
+
China constituted the country with the largest volume of cherry and sour cherry consumption, comprising approx. 75% of total volume. Moreover, cherry and sour cherry consumption in China exceeded the figures recorded by the second-largest consumer, Hong Kong SAR, ninefold. The third position in this ranking was occupied by Japan, with a 7% share.
What are the largest producers of cherries and sour cherries in Eastern Asia?
+
The countries with the highest volumes of cherry and sour cherry production in 2021 were China, Hong Kong SAR and Japan.
What are the leading importers of cherries and sour cherries in Eastern Asia?
+
In value terms, China constitutes the largest market for imported cherries and sour cherries in Eastern Asia, comprising 60% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with a 29% share of total imports. It was followed by South Korea, with a 5.6% share.
What is the average export price for cherries and sour cherries in Eastern Asia?
+
In 2021, the cherry and sour cherry export price in Eastern Asia amounted to $4,507 per tonne, which is down by -12.4% against the previous year.
What is the average import price for cherries and sour cherries in Eastern Asia?
+
The cherry and sour cherry import price in Eastern Asia stood at $6,848 per tonne in 2021, shrinking by -5% against the previous year.

This report provides an in-depth analysis of the market for cherry and sour cherry in Eastern Asia. 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.


Product coverage:
• FCL 530 - Sour cherries
• FCL 531 - Cherries
Country coverage:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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 VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Harvested Area, By Country, 2012–2021
Table 7:
Yield, By Country, 2012–2021
Table 8:
Imports, In Physical Terms, By Country, 2012–2021
Table 9:
Imports, In Value Terms, By Country, 2012–2021
Table 10:
Import Prices, By Country Of Destination, 2012–2021
Table 11:
Exports, In Physical Terms, By Country, 2012–2021
Table 12:
Exports, In Value Terms, By Country, 2012–2021
Table 13:
Export Prices, By Country Of Origin, 2012–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2021
Figure 18:
Production, In Value Terms, 2012–2021
Figure 19:
Area Harvested, 2012–2021
Figure 20:
Yield, 2012–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2012–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2012–2021
Figure 25:
Yield, By Country, 2012–2021
Figure 26:
Imports, In Physical Terms, 2012–2021
Figure 27:
Imports, In Value Terms, 2012–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2012–2021
Figure 30:
Imports, In Value Terms, By Country, 2012–2021
Figure 31:
Import Prices, By Country, 2012–2021
Figure 32:
Exports, In Physical Terms, 2012–2021
Figure 33:
Exports, In Value Terms, 2012–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2012–2021
Figure 36:
Exports, In Value Terms, By Country, 2012–2021
Figure 37:
Export Prices, 2012–2021
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