Southern Asia: Cherry Market 2024

Cherry Market Size in Southern Asia

The South Asian cherry market rose notably to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cherry Production in Southern Asia

In value terms, cherry production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest cherry producing country in Southern Asia, accounting for X% of total volume. Moreover, cherry production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold.

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

In 2022, the average cherry yield in Southern Asia amounted to X tons per ha, approximately reflecting the previous year's figure. Overall, 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%. 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, approx. X ha of cherries were harvested in Southern Asia; stabilizing at 2021 figures. Over the period under review, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to cherry production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Cherry Exports

Exports in Southern Asia

After two years of growth, overseas shipments of cherries decreased by X% to X tons in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, cherry exports reduced markedly to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

In 2022, Afghanistan (X tons) represented the largest exporter of cherries, making up X% of total exports. Bangladesh (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%) and Pakistan (X%).

Afghanistan was also the fastest-growing in terms of the cherries exports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate slight growth. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Cherry Imports

Imports in Southern Asia

Cherry imports soared to X tons in 2022, growing by X% against the previous year's figure. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, cherry imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Afghanistan (X tons), comprising a X% share of total imports.

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

In value terms, India ($X) constitutes the largest market for imported cherries in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Afghanistan ($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, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, 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 importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan stood at $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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