EU: Cherry Market Overview 2021

Cherry Market Size in the EU

The EU cherry market stood at $X in 2020, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cherry Production in the EU

In value terms, cherry production soared to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of cherry production in 2020 were Poland (X tonnes), Spain (X tonnes) and Italy (X tonnes), with a combined X% share of total production. These countries were followed by Greece, Hungary, Romania, Bulgaria and Germany, which together accounted for a further X 2007 to 2020, the biggest increases were in Bulgaria, while cherry production for the other leaders experienced more modest paces of growth.

In 2020, the average yield of cherries in the European Union expanded to X tonnes per ha, with an increase of X% on the previous year's figure. in general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of yield peaked at X tonnes per ha in 2018; however, from 2019 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of cherries in the European Union shrank slightly to X ha, approximately mirroring 2019. in general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. The level of harvested area peaked at X ha in 2011; however, from 2012 to 2020, the harvested area remained at a lower figure.

Production by Country in the EU

The countries with the highest volumes of cherry production in 2020 were Poland (X tonnes), Spain (X tonnes) and Italy (X tonnes), together comprising X% of total production. Greece, Hungary, Romania, Bulgaria and Germany lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of cherry production, amongst the main producing countries, was attained by Bulgaria, while cherry production for the other leaders experienced more modest paces of growth.

Cherry Exports

Exports in the EU

After two years of decline, shipments abroad of cherries increased by X% to X tonnes in 2020. Total exports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, cherry exports rose significantly to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Greece (X tonnes), distantly followed by Spain (X tonnes), Austria (X tonnes), Hungary (X tonnes), Poland (X tonnes), Germany (X tonnes) and Italy (X tonnes) were the largest exporters of cherries, together achieving X% of total exports. The Netherlands (X tonnes), Belgium (X tonnes), France (X tonnes), the Czech Republic (X tonnes) and Bulgaria (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry supplying countries in the European Union were Greece ($X), Spain ($X) and Austria ($X), with a combined X% share of total exports. These countries were followed by Italy, the Netherlands, Germany, Belgium, France, Hungary, Poland, Bulgaria and the Czech Republic, which together accounted for a further X the main exporting countries, Bulgaria saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The cherry export price in the European Union stood at $X per tonne in 2020, surging by X% against the previous year. in general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other leaders experienced more modest paces of growth.

Cherry Imports

Imports in the EU

In 2020, approx. X tonnes of cherries were imported in the European Union; surging by X% compared with the previous year's figure. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The volume of import peaked in 2020 and is likely to see steady growth in the near future.

In value terms, cherry imports expanded rapidly to $X in 2020. Total imports indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to see gradual growth in the near future.

Imports by Country

Germany represented the major importing country with an import of about X tonnes, which reached X% of total imports. Austria (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Italy (X%) and the Netherlands (X%). France (X tonnes), Romania (X tonnes), Portugal (X tonnes), Poland (X tonnes), Spain (X tonnes), Belgium (X tonnes), Sweden (X tonnes) and Bulgaria (X tonnes) occupied a little share of total imports.

Imports into Germany increased at an average annual rate of +X% from 2007 to 2020. at the same time, Romania (+X%), Portugal (+X%), Austria (+X%), Poland (+X%), Spain (+X%), Italy (+X%) and Sweden (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2020. The Netherlands experienced a relatively flat trend pattern. by contrast, Bulgaria (-X%), France (-X%) and Belgium (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Austria, Romania, Germany, Italy and Portugal increased by +X%, +X%, +X%, +X% and +X% percentage points, while Bulgaria (-X p.p.), Belgium (-X p.p.), the Netherlands (-X p.p.) and France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported cherries in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

In Germany, cherry imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2020, the cherry import price in the European Union amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was Spain ($X per tonne), while Romania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform