Portugal: Sour Cherry Market 2024

Sour Cherry Market Size in Portugal

The Portuguese sour cherry market rose rapidly to $X in 2022, surging by X% against the previous year. In general, consumption continues to indicate a resilient increase. Sour cherry consumption peaked in 2022 and is expected to retain growth in years to come.

Sour Cherry Production in Portugal

In value terms, sour cherry production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

In 2022, the average sour cherry yield in Portugal shrank slightly to X tons per ha, which is down by X% compared with 2021. In general, the yield saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. Over the period under review, the average sour cherry yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2022, the 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, approx. X ha of sour cherries were harvested in Portugal; with a decrease of X% on 2021 figures. Over the period under review, the total harvested area indicated a prominent expansion 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, sour cherry harvested area decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sour cherry production reached the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Sour Cherry Exports

Exports from Portugal

Sour cherry exports from Portugal skyrocketed to X tons in 2022, with an increase of X% against the previous year. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sour cherry exports surged to $X in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Angola (X tons) was the main destination for sour cherry exports from Portugal, accounting for a X% share of total exports. Moreover, sour cherry exports to Angola exceeded the volume sent to the second major destination, the UK (X kg), twofold. The third position in this ranking was held by Canada (X kg), with an X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Angola stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

In value terms, Angola ($X) emerged as the key foreign market for sour cherries exports from Portugal, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Angola amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

Export Prices by Country

The average sour cherry export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Angola ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sour Cherry Imports

Imports into Portugal

In 2022, approx. X tons of sour cherries were imported into Portugal; rising by X% compared with 2021 figures. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, sour cherry imports skyrocketed to $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Spain (X tons) was the main supplier of sour cherry to Portugal, accounting for a X% share of total imports. It was followed by the Netherlands (X tons), with a X% share of total imports.

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

In value terms, Spain ($X) constituted the largest supplier of sour cherries to Portugal, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

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

Import Prices by Country

The average sour cherry import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%).

Source: IndexBox Platform

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