Report Update Apr 1, 2024

Peru - Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Cherry Market 2024

Cherry Market Size in Peru

For the third consecutive year, the Peruvian cherry market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a significant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Cherry Production in Peru

In value terms, cherry production rose significantly to $X in 2022 estimated in export price. In general, production showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of cherries in Peru fell significantly to X tons per ha in 2022, reducing by X% on 2021 figures. Overall, the yield, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The cherry yield peaked at X tons per ha in 2021, and then shrank sharply in the following year. 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 production in Peru amounted to X ha, remaining relatively unchanged against the previous year. Over the period under review, the harvested area saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with a decrease of X% against the previous year. Over the period under review, the harvested area dedicated to cherry production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Cherry Exports

Exports from Peru

In 2022, shipments abroad of cherries decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, cherry exports contracted remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for cherry exports from Peru, accounting for a X% share of total exports. Moreover, cherry exports to Hong Kong SAR exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Singapore (X% per year).

In value terms, the largest markets for cherry exported from Peru were Hong Kong SAR ($X), Germany ($X) and Singapore ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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 average cherry export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

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

Cherry Imports

Imports into Peru

In 2022, overseas purchases of cherries increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cherry imports soared to $X in 2022. Overall, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) was the main cherry supplier to Peru, with a approx. X% share of total imports.

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

In value terms, Chile ($X) constituted the largest supplier of cherries to Peru.

From 2012 to 2022, the average annual growth rate of value from Chile amounted to X%.

Import Prices by Country

In 2022, the average cherry import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?

The countries with the highest volumes of consumption in 2023 were Turkey, China and the United States, together accounting for 47% of global consumption.

What are the largest producers of cherries in the world?

The countries with the highest volumes of production in 2022 were Turkey, Chile and the United States, together comprising 51% of global production.

What are the leading suppliers of cherries to Peru?

In value terms, Chile constituted the largest supplier of cherries to Peru.

What are the leading importers of cherries from Peru?

In value terms, Hong Kong SAR, Germany and Singapore constituted the largest markets for cherry exported from Peru worldwide, together accounting for 98% of total exports.

What is the average export price for cherries in Peru?

The average cherry export price stood at $5,412 per ton in 2022, increasing by 11% against the previous year.

What is the average import price for cherries in Peru?

In 2022, the average cherry import price amounted to $2,607 per ton, rising by 1.8% against the previous year.

This report provides an in-depth analysis of the cherry market in Peru. 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 531 - Cherries

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023