Eastern Asia: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Eastern Asia

The East Asian cherry and sour cherry market expanded notably to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed strong growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Cherries and Sour Cherries in Eastern Asia

In value terms, cherry and sour cherry production stood at $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), Hong Kong SAR (X tons) and Japan (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by China (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

The average cherry and sour cherry yield expanded notably to X tons per ha in 2022, picking up by X% compared with 2021. The yield indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cherry and sour cherry yield decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the cherry and sour cherry yield remained at a lower figure. 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 in Eastern Asia; therefore, remained relatively stable against the year before. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the cherry and sour cherry harvested area failed to regain momentum.

Exports of Cherries and Sour Cherries

Exports in Eastern Asia

In 2022, the amount of cherries and sour cherries exported in Eastern Asia contracted to X tons, approximately reflecting the year before. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, cherry and sour cherry exports surged to $X in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Hong Kong SAR (X tons) represented the key exporter of cherries and sour cherries in Eastern Asia, committing X% of total export.

Hong Kong SAR was also the fastest-growing in terms of the cherries and sour cherries exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) also remains the largest cherry and sour cherry supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Hong Kong SAR stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to X% per year.

Imports of Cherries and Sour Cherries

Imports in Eastern Asia

In 2022, approx. X tons of cherries and sour cherries were imported in Eastern Asia; shrinking by X% compared with 2021. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, cherry and sour cherry imports reached $X in 2022. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China represented the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Hong Kong SAR (X tons), achieving a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and South Korea (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported cherries and sour cherries in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), 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. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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