Southern Asia: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Southern Asia

The South Asian cherry and sour cherry market amounted to $X in 2022, increasing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Cherries and Sour Cherries in Southern Asia

In value terms, cherry and sour cherry production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The country with the largest volume of cherry and sour cherry production was India (X tons), accounting for X% of total volume. Moreover, cherry and sour cherry production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold.

In India, cherry and sour cherry production remained relatively stable over the period from 2012-2022.

The average cherry and sour cherry yield reached X tons per ha in 2022, approximately reflecting the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. 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 Southern Asia totaled X ha, remaining stable against the previous year. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

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Exports of Cherries and Sour Cherries

Exports in Southern Asia

In 2022, shipments abroad of cherries and sour cherries increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, cherry and sour cherry exports rose sharply to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Afghanistan prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Bangladesh (X tons), making up a X% share of total exports. The following exporters - India (X tons), Sri Lanka (X tons) and Pakistan (X tons) - together made up X% of total exports.

Exports from Afghanistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan, Bangladesh and Sri Lanka increased by X, X and X percentage points, respectively.

In value terms, Afghanistan ($X) remains the largest cherry and sour cherry supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Afghanistan totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 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 Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Cherries and Sour Cherries

Imports in Southern Asia

In 2022, the amount of cherries and sour cherries imported in Southern Asia surged to X tons, increasing by X% compared with the previous year's figure. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, cherry and sour cherry imports skyrocketed to $X in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, India (X tons) represented the major importer of cherries and sour cherries, creating X% of total imports. It was distantly followed by Afghanistan (X tons), creating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of X%).

In value terms, India ($X) constitutes the largest market for imported cherries and sour cherries in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan amounted to $X per ton.

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

Source: IndexBox Platform

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