South-Eastern Asia: Sour Cherry Market 2024

Sour Cherry Market Size in South-Eastern Asia

The Southeast Asian sour cherry market contracted markedly to $X in 2022, reducing by X% against the previous year. In general, consumption, however, showed a deep downturn. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Sour Cherry Production in South-Eastern Asia

In value terms, sour cherry production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Cambodia (X tons) and Thailand (X tons).

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%).

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Sour Cherry Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of sour cherries were exported in South-Eastern Asia; shrinking by X% on the previous year's figure. In general, exports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sour cherry exports fell dramatically to $X in 2022. Overall, exports recorded a mild decrease. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore was the main exporter of sour cherries in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X tons), creating a X% share of total exports. Vietnam (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sour cherry exports from Singapore stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore and Vietnam increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest sour cherry supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price saw notable growth. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Sour Cherry Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of sour cherries was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sour cherry imports dropped rapidly to $X in 2022. Overall, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of sour cherry imports in 2022 were Singapore (X tons), Vietnam (X tons) and Malaysia (X tons), together accounting for X% of total import. Lao People's Democratic Republic (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported sour cherries in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price showed a mild shrinkage. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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