U.S. - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Cherry and Sour Cherry in the United States - 2023
Contents:
- Price for Cherry and Sour Cherry in the United States (FOB) - 2022
- Price for Cherry and Sour Cherry in the United States (CIF) - 2022
- Exports of Cherry and Sour Cherry in the United States
- Imports of Cherry and Sour Cherry in the United States
Price for Cherry and Sour Cherry in the United States (FOB) - 2022
In 2022, the average cherry and sour cherry export price amounted to $8,091 per ton, growing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($10,455 per ton), while the average price for exports to Mexico ($3,753 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 Hong Kong SAR (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cherry and Sour Cherry in the United States (CIF) - 2022
In 2022, the average cherry and sour cherry import price amounted to $6,500 per ton, with an increase of 10% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $6,663 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($8,244 per ton), while the price for Argentina ($5,236 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cherry and Sour Cherry in the United States
In 2022, the amount of cherries and sour cherries exported from the United States shrank rapidly to 42K tons, reducing by -45.6% against the previous year's figure. In general, exports recorded a precipitous descent. The growth pace was the most rapid in 2021 when exports increased by 15%.
In value terms, cherry and sour cherry exports reduced markedly to $341M in 2022. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 2% against the previous year. As a result, the exports reached the peak of $506M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Cherry and Sour Cherry in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 123 | 146 | 157 | 125 | 0.5% |
South Korea | 101 | 124 | 109 | 58.9 | -16.5% |
Taiwan (Chinese) | 51.0 | 47.0 | 43.5 | 41.4 | -6.7% |
China | 75.5 | 64.6 | 53.3 | 35.5 | -22.2% |
Japan | 35.2 | 37.4 | 46.0 | 25.1 | -10.7% |
Vietnam | 24.5 | 28.7 | 13.6 | 13.3 | -18.4% |
Mexico | 7.0 | 4.9 | 16.3 | 9.3 | 9.9% |
Hong Kong SAR | 38.1 | 22.1 | 16.3 | 8.5 | -39.3% |
Others | 41.4 | 30.4 | 26.7 | 23.7 | -17.0% |
Total | 496 | 506 | 481 | 341 | -11.7% |
Top Export Markets for Cherry and Sour Cherry from the United States in 2022:
- Canada (17.6K tons)
- South Korea (5.6K tons)
- Taiwan (Chinese) (4.7K tons)
- China (4.1K tons)
- Mexico (2.5K tons)
- Japan (2.5K tons)
- Vietnam (1.3K tons)
- Hong Kong SAR (1.0K tons)
Imports of Cherry and Sour Cherry in the United States
In 2022, approx. 24K tons of cherries and sour cherries were imported into the United States; rising by 49% against 2021. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, cherry and sour cherry imports soared to $158M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cherry and Sour Cherry in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 34.8 | 26.4 | 48.6 | 88.5 | 36.5% |
Canada | 22.8 | 29.2 | 34.2 | 56.0 | 34.9% |
Argentina | 8.3 | 9.9 | 10.3 | 10.0 | 6.4% |
Others | 1.7 | 1.7 | 2.7 | 3.0 | 20.8% |
Total | 67.6 | 67.2 | 95.7 | 158 | 32.7% |
Top Suppliers of Cherry and Sour Cherry to the United States in 2022:
- Chile (15.0K tons)
- Canada (6.8K tons)
- Argentina (1.9K tons)
This report provides an in-depth analysis of the market for cherry and sour cherry in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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In June 2022, the cherry and sour cherry price per ton stood at $10,415 per ton in June 2022, growing by 27% against the previous month.
The average export cherry and sour cherry price per ton stood at $8,876 in Apr 2022, growing by 34% against the previous month.
In March 2023, the peach and nectarine price amounted to $2,134 per ton (FOB, US), declining by -4.2% against the previous month.
Starting a business in the cherry market in the United States can be a lucrative venture. This guide provides step-by-step instructions, official data sources, and information on obtaining help from local authorities. Understand the market trends and dynamics, research import and export opportunities, ensure compliance with legal requirements, establish a reliable supply chain, develop a comprehensive marketing strategy, and stay informed with market intelligence. Use official data sources such as USDA, U.S. Census Bureau, and NASS. Seek assistance from SBA, local economic development offices, and agricultural extension offices. Follow these steps and utilize official data sources to start a successful cherry business in the United States.
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The most prominent rate of growth was recorded in October 2023 when Berry imports increased by 190% month-to-month. In value terms, Berry imports reduced dramatically to $134M in December 2023.
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The value of imports for Fruit and Berry decreased to $990M in July 2023.
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