SADC: Cherry Market 2024

Cherry Market Size in SADC

The SADC cherry market surged to $X in 2022, rising by X% against the previous year. Overall, consumption enjoyed a notable expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cherry Production in SADC

In value terms, cherry production soared to $X in 2022 estimated in export price. In general, production showed a significant increase. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

South Africa (X tons) remains the largest cherry producing country in SADC, accounting for X% of total volume.

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

The average cherry yield skyrocketed to X tons per ha in 2022, increasing by X% on 2021. Over the period under review, the yield, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the cherry yield hit record highs at X tons per ha in 2016; however, from 2017 to 2022, the yield stood 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.

The cherry harvested area expanded notably to X ha in 2022, increasing by X% on the previous year. In general, the harvested area enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Cherry Exports

Exports in SADC

In 2022, overseas shipments of cherries increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cherry exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from South Africa (X tons), together accounting for X% of total export.

South Africa was also the fastest-growing in terms of the 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, South Africa ($X) also remains the largest cherry supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then fell in the following year.

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

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

Cherry Imports

Imports in SADC

Cherry imports rose significantly to X tons in 2022, increasing by X% against 2021. In general, imports continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cherry imports skyrocketed to $X in 2022. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) represented the key importer of cherries, committing X% of total imports. Botswana (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%), Tanzania (X%), Namibia (X%), Mozambique (X%) and Lesotho (X%).

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Tanzania (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%), Lesotho (X%) and Mauritius (X%) illustrated a downward trend over the same period. Botswana (X p.p.), Tanzania (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while Namibia, South Africa, Lesotho and Mauritius saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported cherries in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

In South Africa, 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: Mauritius (X% per year) and Namibia (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, picking up by X% against the previous year. Overall, the import price posted tangible growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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 Mauritius ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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