Report Update Apr 1, 2024

Eastern Asia - Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Sour Cherry Market 2024

Sour Cherry Market Size in Eastern Asia

The East Asian sour cherry market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption posted buoyant growth. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sour Cherry Production in Eastern Asia

In value terms, sour cherry production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate significant growth. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

The country with the largest volume of sour cherry production was South Korea (X tons), comprising approx. X% of total volume. Moreover, sour cherry production in South Korea exceeded the figures recorded by the second-largest producer, Japan (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in South Korea stood at X%.

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Sour Cherry Exports

Exports in Eastern Asia

In 2022, shipments abroad of sour cherries decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sour cherry exports shrank modestly to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a X% share of total exports. South Korea (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sour cherry exports from Hong Kong SAR stood at X%. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) remains the largest sour cherry supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the export price figures.

Sour Cherry Imports

Imports in Eastern Asia

In 2022, imports of sour cherries in Eastern Asia skyrocketed to X tons, picking up by X% against the previous year's figure. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, sour cherry imports skyrocketed to $X in 2022. In general, imports showed a pronounced increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) represented the main importer of sour cherries in Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons), creating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hong Kong SAR (with a CAGR of X%).

In value terms, the largest sour cherry importing markets in Eastern Asia were Taiwan (Chinese) ($X) and Hong Kong SAR ($X).

Among the main importing countries, Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sour cherries in Eastern Asia?

The country with the largest volume of sour cherry consumption was Taiwan Chinese), comprising approx. 65% of total volume. Moreover, sour cherry consumption in Taiwan Chinese) exceeded the figures recorded by the second-largest consumer, Hong Kong SAR, twofold.

What are the largest producers of sour cherries in Eastern Asia?

The country with the largest volume of sour cherry production was South Korea, comprising approx. 92% of total volume. Moreover, sour cherry production in South Korea exceeded the figures recorded by the second-largest producer, Japan, more than tenfold.

What are the leading exporters of sour cherries in Eastern Asia?

In value terms, Hong Kong SAR remains the largest sour cherry supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was taken by Taiwan Chinese), with a 10% share of total exports.

What are the leading importers of sour cherries in Eastern Asia?

In value terms, Taiwan Chinese) and Hong Kong SAR constituted the countries with the highest levels of imports in 2022.

What is the average export price for sour cherries in Eastern Asia?

In 2022, the export price in Eastern Asia amounted to $8,367 per ton, remaining relatively unchanged against the previous year.

What is the average import price for sour cherries in Eastern Asia?

The import price in Eastern Asia stood at $6,374 per ton in 2022, growing by 2% against the previous year.

This report provides an in-depth analysis of the sour cherry market 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

Country coverage:

China
Democratic People's Republic of Korea
Hong Kong SAR
Japan
Macao SAR
South Korea
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Harvested Area, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Area Harvested, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Harvested Area, By Country, 2023
25. Harvested Area, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023