
U.S. - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
U.S.: Market for Cherries and Sour Cherries 2023
Market Size for Cherries and Sour Cherries in the U.S.
In 2021, the U.S. cherry and sour cherry market increased by 0.8% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Cherry and sour cherry consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.
Production of Cherries and Sour Cherries in the U.S.
In value terms, cherry and sour cherry production declined to $X in 2021. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.
The average yield of cherries and sour cherries in the United States rose notably to X tons per ha in 2021, increasing by 9.9% against 2020. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 11%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2021, the growth of the average cherry and sour 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 and sour cherry harvested area in the United States amounted to X ha in 2021, remaining stable against the year before. In general, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by 3.7%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2021, the growth of the cherry and sour cherry harvested area remained at a lower figure.
Exports of Cherries and Sour Cherries
Exports from the U.S.
In 2021, overseas shipments of cherries and sour cherries increased by 15% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.
In value terms, cherry and sour cherry exports contracted modestly to $X in 2021. In general, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by 35%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.
Exports by Country
Canada (X tons) was the main destination for cherry and sour cherry exports from the United States, with a 40% share of total exports. Moreover, cherry and sour cherry exports to Canada exceeded the volume sent to the second major destination, South Korea (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 9.8% share.
From 2012 to 2021, the average annual growth rate of volume to Canada stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+0.8% per year) and China (-0.5% per year).
In value terms, the largest markets for cherry and sour cherry exported from the United States were Canada ($X), South Korea ($X) and China ($X), with a combined 66% share of total exports. These countries were followed by Japan, Taiwan (Chinese), Mexico, Hong Kong SAR and Australia, which together accounted for a further 28%.
Mexico, with a CAGR of +16.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average cherry and sour cherry export price amounted to $X per ton, waning by -17.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2020 an increase of 28%. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cherries and Sour Cherries
Imports into the U.S.
In 2021, purchases abroad of cherries and sour cherries was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cherry and sour cherry imports soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 49%. Imports peaked in 2021 and are likely to see steady growth in years to come.
Imports by Country
Chile (X tons), Canada (X tons) and Argentina (X tons) were the main suppliers of cherry and sour cherry imports to the United States, together accounting for 96% of total imports.
From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +17.1%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, Chile ($X), Canada ($X) and Argentina ($X) constituted the largest cherry and sour cherry suppliers to the United States, together comprising 97% of total imports.
Canada, with a CAGR of +27.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average cherry and sour cherry import price amounted to $X per ton, falling by -11.7% against the previous year. Over the last nine years, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2013 when the average import price increased by 27%. The import price peaked at $X per ton in 2020, and then dropped in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for cherry and sour cherry 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the market for cherry and sour cherry in Asia.
This report provides an in-depth analysis of the global market for cherry and sour cherry.
This report provides an in-depth analysis of the market for cherry and sour cherry in the EU.
This report provides an in-depth analysis of the market for cherry and sour cherry in China.
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
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
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