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U.S. - Cherries (Sour) - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Sour Cherry Market Overview 2021

Sour Cherry Market Size in the U.S.

The U.S. sour cherry market reduced to $X in 2020, shrinking by -X% against the previous year. in general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Sour Cherry Production in the U.S.

In value terms, sour cherry production shrank sharply to $X in 2020. Over the period under review, the total production indicated modest growth from 2012 to 2020: its value decreased 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. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

The average yield of sour cherries in the U.S. amounted to X tonnes per ha in 2020, standing approx. at 2019 figures. The yield figure increased at an average annual rate of +X% from 2012 to 2020; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the yield increased by X% y-o-y. As a result, the yield reached the peak level of X tonnes per ha. from 2017 to 2020, the growth of the average 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.

In 2020, the total area harvested in terms of sour cherries production in the U.S. fell slightly to X ha, approximately mirroring 2019 figures. in general, the harvested area saw a slight descent. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. from 2014 to 2020, the growth of the sour cherry harvested area remained at a lower figure.

Sour Cherry Exports

Exports from the U.S.

In 2020, shipments abroad of sour cherries was finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, sour cherry exports surged to $X in 2020. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Viet Nam (X tonnes), China (X tonnes) and South Korea (X tonnes) were the main destinations of sour cherry exports from the U.S., with a combined X% share of total exports. Japan, Taiwan (Chinese), Mexico, Hong Kong SAR, Thailand, Singapore, Malaysia and Canada lagged somewhat behind, together comprising a further X 2012 to 2020, the biggest increases were in Taiwan (Chinese) (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the largest markets for sour cherry exported from the U.S. worldwide, with a combined X% share of total exports. These countries were followed by Viet Nam, Taiwan (Chinese), Thailand, Hong Kong SAR, Mexico, Singapore, Malaysia and Canada, which together accounted for a further X terms of the main countries of destination, Taiwan (Chinese) (+X% per year) 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 2020, the average sour cherry export price amounted to $X per tonne, flattening at the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. in 2020, 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 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Sour Cherry Imports

Imports into the U.S.

In 2020, purchases abroad of sour cherries decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, sour cherry imports contracted dramatically to $X in 2020. Over the period under review, imports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Poland (X tonnes) was the main sour cherry supplier to the U.S., accounting for a X% share of total imports. It was followed by Afghanistan (X tonnes), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from Poland amounted to +X%.

In value terms, Poland ($X) constituted the largest supplier of sour cherry to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Afghanistan ($X), with a X% share of total imports.

From 2012 to 2020, the average annual growth rate of value from Poland totaled +X%.

Import Prices by Country

The average sour cherry import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Afghanistan ($X per tonne), while the price for Poland totaled $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Afghanistan.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sour cherries in the world?
+
The countries with the highest volumes of sour cherry consumption in 2020 were Russia (250K tonnes), Turkey (182K tonnes) and Ukraine (171K tonnes), with a combined 42% share of global consumption. These countries were followed by Poland, Iran, the U.S., Serbia, Uzbekistan, Hungary, Azerbaijan and Germany, which together accounted for a further 48%.
What are the largest producers of sour cherries in the world?
+
The countries with the highest volumes of sour cherry production in 2020 were Russia (243K tonnes), Turkey (182K tonnes) and Ukraine (171K tonnes), together comprising 42% of global production. Poland, Iran, the U.S., Serbia, Uzbekistan, Hungary and Azerbaijan lagged somewhat behind, together accounting for a further 48%.
What are the leading suppliers of sour cherries to the U.S.?
+
In value terms, Poland ($94K) constituted the largest supplier of sour cherry to the U.S., comprising 94% of total imports. The second position in the ranking was occupied by Afghanistan ($6.3K), with a 6.2% share of total imports.
What are the leading importers of sour cherries from the U.S.?
+
In value terms, China ($7.2M), South Korea ($6.9M) and Japan ($2.9M) were the largest markets for sour cherry exported from the U.S. worldwide, together accounting for 60% of total exports. These countries were followed by Viet Nam, Taiwan (Chinese), Thailand, Hong Kong SAR, Mexico, Singapore, Malaysia and Canada, which together accounted for a further 33%.
What is the average export price for sour cherries in the U.S.?
+
In 2020, the average sour cherry export price amounted to $5,663 per tonne, standing approx. at the previous year.
What is the average import price for sour cherries in the U.S.?
+
The average sour cherry import price stood at $1,486 per tonne in 2020, waning by -34.9% against the previous year.

Product coverage:
• FCL 530 - Sour cherries

This report provides an in-depth analysis of the sour 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
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