Latest Report Update: Nov 15, 2021

Mexico - Cherries (Sour) - Market Analysis, Forecast, Size, Trends and Insights
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Mexico: Sour Cherry Market Overview 2021

Sour Cherry Market Size in Mexico

After four years of growth, the Mexican sour cherry market decreased by -X% to $X in 2020. In general, consumption recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Sour cherry consumption peaked at $X in 2019, and then contracted remarkably in the following year.

Sour Cherry Exports

Exports from Mexico

In 2020, the amount of sour cherries exported from Mexico contracted rapidly to X kg, reducing by -X% on the previous year's figure. Over the period under review, exports, however, showed mild growth. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. As a result, exports attained the peak of X kg. from 2014 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, sour cherry exports fell markedly to $X in 2020. In general, exports, however, recorded a slight decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2019, and then fell significantly in the following year.

Exports by Country

Belize (X kg) was the main destination for sour cherry exports from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Belize amounted to +X%.

In value terms, Belize ($X) also remains the key foreign market for sour cherry exports from Mexico.

From 2012 to 2020, the average annual growth rate of value to Belize totaled -X%.

Export Prices by Country

In 2020, the average sour cherry export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2019, and then contracted dramatically in the following year.

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

From 2012 to 2020, the rate of growth in terms of prices for Belize amounted to -X% per year.

Sour Cherry Imports

Imports into Mexico

Sour cherry imports into Mexico contracted markedly to X tonnes in 2020, waning by -X% on the previous year's figure. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2019, and then fell remarkably in the following year.

In value terms, sour cherry imports reduced remarkably to $X in 2020. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then reduced markedly in the following year.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of sour cherry to Mexico, accounting for a approx. X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from the U.S. amounted to -X%.

In value terms, the U.S. ($X) constituted the largest supplier of sour cherry to Mexico.

From 2012 to 2020, the average annual rate of growth in terms of value from the U.S. stood at -X%.

Import Prices by Country

The average sour cherry import price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, sour cherry import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2012 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sour cherries in the world?
+
The countries with the highest volumes of sour cherry consumption in 2020 were Russia (250K tonnes), Turkey (182K tonnes) and Ukraine (171K tonnes), together accounting for 42% of global consumption. Poland, Iran, the U.S., Serbia, Uzbekistan, Hungary, Azerbaijan, Germany and Belarus lagged somewhat behind, together comprising a further 50%.
What are the largest producers of sour cherries in the world?
+
The countries with the highest volumes of sour cherry production in 2020 were Russia (243K tonnes), Turkey (182K tonnes) and Ukraine (171K tonnes), together comprising 42% of global production. Poland, Iran, the U.S., Serbia, Uzbekistan, Hungary and Azerbaijan lagged somewhat behind, together accounting for a further 48%.
What are the leading suppliers of sour cherries to Mexico?
+
In value terms, the U.S. ($402K) constituted the largest supplier of sour cherry to Mexico.
What are the leading importers of sour cherries from Mexico?
+
In value terms, Belize ($403) remains the key foreign market for sour cherry exports from Mexico.
What is the average export price for sour cherries in Mexico?
+
The average sour cherry export price stood at $1,574 per tonne in 2020, reducing by -44.8% against the previous year.
What is the average import price for sour cherries in Mexico?
+
The average sour cherry import price stood at $5,051 per tonne in 2020, rising by 27% against the previous year.

Product coverage:
• FCL 530 - Sour cherries

This report provides an in-depth analysis of the sour cherry market in Mexico. 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 2025.


Country coverage:
• Mexico

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Mexico
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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