MERCOSUR: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in MERCOSUR

In 2022, the MERCOSUR cherry and sour cherry market decreased by X% to $X, falling for the third year in a row after five years of growth. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Cherries and Sour Cherries in MERCOSUR

In value terms, cherry and sour cherry production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Chile (X tons) constituted the country with the largest volume of cherry and sour cherry production, comprising approx. X% of total volume. It was followed by Argentina (X tons), with a X% share of total production.

From 2012 to 2022, the average annual growth rate of volume in Chile totaled X%.

In 2022, the average cherry and sour cherry yield in MERCOSUR surged to X tons per ha, increasing by X% compared with the previous year. The yield indicated a buoyant increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cherry and sour cherry yield increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the yield increased by X%. The level of yield peaked in 2022 and is likely to see gradual growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cherries and sour cherries production in MERCOSUR stood at X ha, standing approx. at the previous year. Over the period under review, the harvested area enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to cherry and sour cherry production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Cherries and Sour Cherries

Exports in MERCOSUR

Cherry and sour cherry exports skyrocketed to X tons in 2022, picking up by X% against the previous year. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, cherry and sour cherry exports skyrocketed to $X in 2022. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Chile (X tons), together resulting at X% of total export.

Chile was also the fastest-growing in terms of the cherries and sour cherries exports, with a CAGR of X% from 2012 to 2022. Chile (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest cherry and sour cherry supplier in MERCOSUR.

In Chile, cherry and sour cherry exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to X% per year.

Imports of Cherries and Sour Cherries

Imports in MERCOSUR

In 2022, overseas purchases of cherries and sour cherries increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cherry and sour cherry imports surged to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons) and Ecuador (X tons) prevails in imports structure, together creating X% of total imports. It was distantly followed by Peru (X tons), comprising a X% share of total imports. Argentina (X tons) and Colombia (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported cherries and sour cherries in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Ecuador ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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