Overview of the Global Market for Cherries and Sour Cherries

Market Size for Cherries and Sour Cherries

For the fifth consecutive year, the global cherry and sour cherry market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Cherries and Sour Cherries

In value terms, cherry and sour cherry production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) constituted the country with the largest volume of cherry and sour cherry production, accounting for X% of total volume. Moreover, cherry and sour cherry production in Turkey exceeded the figures recorded by the second-largest producer, Chile (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with an X% share.

In Turkey, cherry and sour cherry production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Chile (X% per year) and the United States (X% per year).

In 2022, the global average yield of cherries and sour cherries expanded to X tons per ha, growing by X% against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average cherry and sour cherry yield failed to regain momentum. 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 and sour cherries were harvested worldwide; remaining constant against the previous year. In general, the harvested area continues to indicate a slight increase. The growth pace was the most rapid in 2019 when the harvested area increased by X% against the previous year. The global harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

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Exports of Cherries and Sour Cherries

Exports

In 2022, shipments abroad of cherries and sour cherries decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The global exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, cherry and sour cherry exports expanded rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Chile (X tons) was the key exporter of cherries and sour cherries, mixing up X% of total exports. Hong Kong SAR (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). The following exporters - the United States (X tons), Azerbaijan (X tons), Spain (X tons), Greece (X tons) and Uzbekistan (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Chile ($X), Hong Kong SAR ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of global exports.

In terms of the main exporting countries, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average cherry and sour cherry export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Cherries and Sour Cherries

Imports

After two years of growth, overseas purchases of cherries and sour cherries decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, cherry and sour cherry imports stood at $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by Hong Kong SAR (X tons), Russia (X tons) and Germany (X tons) were the major importers of cherries and sour cherries, together mixing up X% of total imports. The following importers - the United States (X tons), Canada (X tons), Austria (X tons) and the UK (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported cherries and sour cherries worldwide, comprising X% of global imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of global imports. It was followed by the United States, with a X% share.

In China, cherry and sour cherry imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and the United States (X% per year).

Import Prices by Country

The average cherry and sour cherry import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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