Latest Report Update: Dec 23, 2021

U.S. - Cherries - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

U.S.: Cherry Market Overview 2021

Cherry Market Size in the U.S.

After three years of decline, the U.S. cherry market increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Cherry consumption peaked in 2020 and is expected to retain growth in years to come.

Cherry Production in the U.S.

In value terms, cherry production soared to $X in 2020. Over the period under review, the total production indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in years to come.

The average yield of cherries in the U.S. was estimated at X tonnes per ha in 2020, stabilizing at 2019 figures. in general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. As a result, the yield reached the peak level of X tonnes per ha. from 2010 to 2020, 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.

In 2020, the total area harvested in terms of cherries production in the U.S. was estimated at X ha, approximately equating 2019 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, the harvested area reached the peak level of X ha. from 2014 to 2020, the growth of the cherry harvested area remained at a lower figure.

Cherry Exports

Exports from the U.S.

For the third year in a row, the U.S. recorded decline in shipments abroad of cherries, which decreased by -X% to X tonnes in 2020. in general, total exports indicated slight growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. from 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, cherry exports reached $X in 2020. Over the period under review, total exports indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Canada (X tonnes), South Korea (X tonnes) and China (X tonnes) were the main destinations of cherry exports from the U.S., with a combined X% share of total exports. These countries were followed by Taiwan (Chinese), Viet Nam, Japan and Hong Kong SAR, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Viet Nam (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cherry exported from the U.S. were Canada ($X), South Korea ($X) and China ($X), together accounting for X% of total exports. These countries were followed by Taiwan (Chinese), Japan, Viet Nam and Hong Kong SAR, which together accounted for a further X terms of the main countries of destination, Viet Nam (+X% per year) saw the highest growth rate of 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

The average cherry export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into the U.S.

In 2020, imports of cherries into the U.S. dropped slightly to X tonnes, reducing by -X% against the previous year. Overall, imports saw a noticeable contraction. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, cherry imports soared to $X in 2020. in general, total imports indicated a slight expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

Chile (X tonnes), Canada (X tonnes) and Argentina (X tonnes) were the main suppliers of cherry imports to the U.S., with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina, while imports for the other leaders experienced mixed trend patterns.

In value terms, Chile ($X), Canada ($X) and Argentina ($X) were the largest cherry suppliers to the U.S., together comprising X% of total imports.

Among the main suppliers, Argentina 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 mixed trend patterns.

Import Prices by Country

The average cherry import price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cherry import price increased by +X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. in 2020, the country with the highest price was Canada ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?
+
Turkey (786K tonnes) constituted the country with the largest volume of cherry consumption, accounting for 19% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, the U.S. (384K tonnes), twofold. The third position in this ranking was occupied by Russia (378K tonnes), with a 9.1% share.
What are the largest producers of cherries in the world?
+
The countries with the highest volumes of cherry production in 2020 were Turkey (875K tonnes), the U.S. (444K tonnes) and Russia (289K tonnes), together comprising 38% of global production. Chile, Uzbekistan, Iran, Ukraine, Poland, Spain, Serbia, Italy, Greece and Hungary lagged somewhat behind, together accounting for a further 41%.
What are the leading suppliers of cherries to the U.S.?
+
In value terms, the largest cherry suppliers to the U.S. were Chile ($34M), Canada ($29M) and Argentina ($13M), together accounting for 97% of total imports.
What are the leading importers of cherries from the U.S.?
+
In value terms, Canada ($146M), South Korea ($124M) and China ($64M) constituted the largest markets for cherry exported from the U.S. worldwide, with a combined 66% share of total exports. These countries were followed by Taiwan (Chinese), Japan, Viet Nam and Hong Kong SAR, which together accounted for a further 27%.
What is the average export price for cherries in the U.S.?
+
The average cherry export price stood at $7,193 per tonne in 2020, jumping by 22% against the previous year.
What is the average import price for cherries in the U.S.?
+
The average cherry import price stood at $7,777 per tonne in 2020, growing by 38% against the previous year.

Product coverage:
• FCL 530 - Sour cherries
• FCL 531 - Cherries

This report provides an in-depth analysis of the cherry market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast to 2030
Figure 9:
Products: Market Size and Growth, by Type
Figure 10:
Products: Average Per Capita Consumption, by Type
Figure 11:
Products: Exports and Growth, by Type
Figure 12:
Products: Export Prices and Growth, by Type
Figure 13:
Production Volume and Growth
Figure 14:
Yield and Growth
Figure 15:
Exports and Growth
Figure 16:
Export Prices and Growth
Figure 17:
Market Size and Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports and Growth
Figure 20:
Import Prices
Figure 21:
Production, in Physical Terms, 2007–2020
Figure 22:
Production, in Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, in Physical Terms, 2007–2020
Figure 26:
Imports, in Value Terms, 2007–2020
Figure 27:
Imports, in Physical Terms, by Country, 2020
Figure 28:
Imports, in Physical Terms, by Country, 2007–2020
Figure 29:
Imports, in Value Terms, by Country, 2007–2020
Figure 30:
Import Prices, by Country of Origin, 2007–2020
Figure 31:
Exports, in Physical Terms, 2007–2020
Figure 32:
Exports, in Value Terms, 2007–2020
Figure 33:
Exports, in Physical Terms, by Country, 2020
Figure 34:
Exports, in Physical Terms, by Country, 2007–2020
Figure 35:
Exports, in Value Terms, by Country, 2007–2020
Figure 36:
Export Prices, by Country of Destination, 2007–2020
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET


Register
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET


Register
Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data