India: Cherry Market 2024

Cherry Market Size in India

For the third consecutive year, the Indian cherry market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, showed a mild decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cherry Production in India

In value terms, cherry production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average cherry yield in India dropped modestly to X tons per ha, therefore, remained relatively stable against 2021. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average cherry yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cherries in India reached X ha, almost unchanged from 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cherry production reached the peak figure at X ha in 2020; afterwards, it flattened through to 2022.

Cherry Exports

Exports from India

After three years of decline, overseas shipments of cherries increased by X% to X tons in 2022. Over the period under review, exports, however, saw a precipitous shrinkage. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cherry exports soared to $X in 2022. Overall, exports, however, saw a dramatic descent. 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 maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Nepal (X tons) was the main destination for cherry exports from India, accounting for a X% share of total exports. Moreover, cherry exports to Nepal exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Nepal totaled X%.

In value terms, Nepal ($X) remains the key foreign market for cherries exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Nepal amounted to X%.

Export Prices by Country

The average cherry export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Nepal stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cherry Imports

Imports into India

Cherry imports into India surged to X tons in 2022, picking up by X% on 2021 figures. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cherry imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Afghanistan (X tons), Chile (X tons) and Iran (X tons) were the main suppliers of cherry imports to India, together accounting for X% of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of cherries to India, comprising X% of total imports. The second position in the ranking was taken by Afghanistan ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Afghanistan (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average cherry import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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