Ukraine: Cherry Market 2024

Cherry Market Size in Ukraine

In 2022, the Ukrainian cherry market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a drastic downturn. Cherry consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cherry Production in Ukraine

In value terms, cherry production reached $X in 2022 estimated in export price. In general, production showed a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. Cherry production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average cherry yield in Ukraine contracted modestly to X tons per ha, falling by X% on the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. From 2019 to 2022, the growth of the average cherry yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cherry harvested area in Ukraine was estimated at X ha in 2022, standing approx. at 2021. Overall, the harvested area showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 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 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Cherry Exports

Exports from Ukraine

In 2022, shipments abroad of cherries decreased by X% to X kg, falling for the fourth year in a row after three years of growth. In general, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cherry exports shrank notably to $X in 2022. Over the period under review, exports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Liberia (X kg), Greece (X kg) and Singapore (X kg) were the main destinations of cherry exports from Ukraine, with a combined X% share of total exports.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cherry exported from Ukraine were Liberia ($X), Singapore ($X) and Greece ($X), with a combined X% share of total exports.

Among the main countries of destination, Greece, with a CAGR of X%, saw 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

In 2022, the average cherry export price amounted to $X per ton, surging by X% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into Ukraine

After four years of growth, purchases abroad of cherries decreased by X% to X tons in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, cherry imports dropped remarkably to $X in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

Moldova (X tons), Greece (X tons) and Turkey (X tons) were the main suppliers of cherry imports to Ukraine, together comprising X% of total imports.

From 2014 to 2022, the biggest increases were recorded for Moldova (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry suppliers to Ukraine were Moldova ($X), Greece ($X) and Turkey ($X), together comprising X% of total imports.

Among the main suppliers, Moldova, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cherry import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated modest growth from 2014 to 2022: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Moldova ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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