China - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Cherry and Sour Cherry in China - 2023
Contents:
- Price for Cherry and Sour Cherry in China (CIF) - 2022
- Price for Cherry and Sour Cherry in China (FOB) - 2022
- Imports of Cherry and Sour Cherry in China
- Exports of Cherry and Sour Cherry in China
Price for Cherry and Sour Cherry in China (CIF) - 2022
The average cherry and sour cherry import price stood at $7,537 per ton in 2022, surging by 19% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 63% against the previous year. The import price peaked at $8,163 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($10,245 per ton), while the price for Chile ($7,462 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 (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cherry and Sour Cherry in China (FOB) - 2022
In 2022, the average cherry and sour cherry export price amounted to $4,121 per ton, waning by -11.8% against the previous year. Overall, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 45% against the previous year. The export price peaked at $8,147 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($35,654 per ton), while the average price for exports to Singapore ($15,206 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cherry and Sour Cherry in China
In 2022, the amount of cherries and sour cherries imported into China surged to 367K tons, growing by 17% compared with 2021. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cherry and sour cherry imports soared to $2.8B in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cherry and Sour Cherry in China (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 1,232 | 1,527 | 1,877 | 2,674 | 29.5% |
United States | 88.7 | 80.6 | 65.8 | 34.9 | -26.7% |
Others | 79.3 | 67.5 | 50.1 | 57.4 | -10.2% |
Total | 1,400 | 1,675 | 1,993 | 2,766 | 25.5% |
Top Suppliers of Cherry and Sour Cherry to China in 2022:
- Chile (358.3K tons)
- United States (3.4K tons)
Exports of Cherry and Sour Cherry in China
In 2022, approx. 9.8 tons of cherries and sour cherries were exported from China; falling by -38.9% on the previous year's figure. Over the period under review, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 3.1% against the previous year.
In value terms, cherry and sour cherry exports dropped sharply to $40K in 2022. In general, exports faced a precipitous curtailment. The smallest decline of -40.9% was in 2021.
Export of Cherry and Sour Cherry in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 16.9 | N/A | 8.1 | 17.3 | 0.8% |
Philippines | N/A | N/A | N/A | 9.1 | 0% |
Singapore | 2.7 | N/A | 11.0 | 8.4 | 46.0% |
Russia | 255 | N/A | N/A | N/A | 0% |
Vietnam | 238 | N/A | 4.0 | N/A | -87.0% |
Others | 5.8 | 126 | 51.4 | 5.4 | -2.4% |
Total | 518 | 126 | 74.6 | 40.2 | -57.3% |
Top Export Markets for Cherry and Sour Cherry from China in 2022:
- Singapore (0.6 tons)
- Thailand (0.5 tons)
- Philippines (0.3 tons)
This report provides an in-depth analysis of the market for cherry and sour cherry in China. 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.
Product coverage:
- FCL 530 - Sour cherries
- FCL 531 - Cherries
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Chinese cherry market relies on imports, as supplies from abroad constitute 70% of total cherry consumption in China. Over the past 6 years, cherry imports into China have doubled. The country became an attractive destination for exporters, with Chilean suppliers capturing the market.
Explore the top import markets for cherry and sour cherry and discover the countries driving the global demand for these delicious fruits.
The global cherry market revenue amounted to $12.3B in 2018, increasing by 11% against the previous year. This figure...
The global cherry market increased gradually from X thousand tons in 2007 to X thousand tons in 2016, with only mild fluctuations over the period under review. Overall, it expanded at an average annual rate of +X from 2007 to 2016. In val
Global cherry consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
Global cherry exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global cherry imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
In 2015, the countries with the highest levels of production in 2015 were Turkey (X thousand tons), the United States (X thousand tons), Iran (X thousand tons), together accounting for X% of total output.
The global cherry market increased gradually from X thousand tonnes in 2007 to X thousand tonnes in 2016, with only mild fluctuations over the period under review.
With a huge surge in exports in 2014, Chile seized control of the global cherry trade. In 2014, Chile exported X thousand tons of cherries totaling X million USD, a whopping X% over the previous year. Its primary trading partner was China, where