MERCOSUR: Cherry Market 2024

Cherry Market Size in MERCOSUR

In 2022, the MERCOSUR cherry market decreased by X% to $X, falling for the third consecutive year after five years of growth. The total consumption indicated a tangible increase from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cherry Production in MERCOSUR

In value terms, cherry production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chile (X tons) constituted the country with the largest volume of cherry production, accounting for X% of total volume. It was followed by Argentina (X tons), with a X% share of total production.

In Chile, cherry production increased at an average annual rate of X% over the period from 2012-2022.

In 2022, the average cherry yield in MERCOSUR soared to X tons per ha, rising by X% compared with 2021 figures. The yield indicated a remarkable 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 yield increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. The level of yield peaked in 2022 and is likely to see gradual growth in the near future. 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 were harvested in MERCOSUR; almost unchanged from the year before. Over the period under review, the harvested area posted a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cherry production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Cherry Exports

Exports in MERCOSUR

In 2022, approx. X tons of cherries were exported in MERCOSUR; jumping by X% compared with the previous year. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, cherry exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The shipments of the one major exporters of cherries, namely Chile, represented more than two-thirds of total export.

Chile was also the fastest-growing in terms of the cherries exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Chile increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest cherry supplier in MERCOSUR.

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

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2013 an increase of 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 lower figure.

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

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

Cherry Imports

Imports in MERCOSUR

In 2022, purchases abroad of cherries increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cherry imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Brazil (X tons) and Ecuador (X tons) prevails in imports structure, together generating X% of total imports. It was distantly followed by Peru (X tons), constituting a X% share of total imports. Argentina (X tons) and Colombia (X tons) held a relatively small share of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported cherries in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, cherry imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 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 Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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