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SADC - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSADC: Cherry Market 2024
Cherry Market Size in SADC
In 2023, the SADC cherry market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.
Cherry Production in SADC
In value terms, cherry production skyrocketed to $X in 2023 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked in 2023 and is expected to retain growth in years to come.
South Africa (X tons) constituted the country with the largest volume of cherry production, accounting for X% of total volume. Moreover, cherry production in South Africa exceeded the figures recorded by the second-largest producer, Madagascar (X tons), sixfold.
In South Africa, cherry production expanded at an average annual rate of X% over the period from 2012-2023.
The average cherry yield declined slightly to X tons per ha in 2023, reducing by X% on the year before. Over the period under review, the yield saw a perceptible descent. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the cherry yield reached the peak level at X tons per ha in 2017; however, from 2018 to 2023, the 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 2023, approx. X ha of cherries were harvested in SADC; surging by X% against 2022. Overall, the harvested area enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.
Cherry Exports
Exports in SADC
After two years of growth, overseas shipments of cherries decreased by X% to X tons in 2023. Over the period under review, exports, however, posted buoyant growth. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then contracted in the following year.
In value terms, cherry exports rose remarkably to $X in 2023. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.
Exports by Country
South Africa dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Madagascar (X tons), mixing up a X% share of total exports.
South Africa was also the fastest-growing in terms of the cherries exports, with a CAGR of X% from 2012 to 2023. Madagascar (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Madagascar (X p.p.) displayed negative dynamics.
In value terms, South Africa ($X) remains the largest cherry supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Madagascar ($X), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%.
Export Prices by Country
In 2023, the export price in SADC amounted to $X per ton, jumping by X% against the previous year. Overall, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Madagascar totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).
Cherry Imports
Imports in SADC
In 2023, imports of cherries in SADC declined to X tons, which is down by X% compared with the year before. Overall, imports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.
In value terms, cherry imports dropped to $X in 2023. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, South Africa (X tons) represented the largest importer of cherries, comprising X% of total imports. Tanzania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%), Botswana (X%), Namibia (X%) and Angola (X%). Zambia (X tons) held a minor share of total imports.
South Africa experienced a relatively flat trend pattern with regard to volume of imports of cherries. At the same time, Tanzania (X%), Zambia (X%), Botswana (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Angola experienced a relatively flat trend pattern. By contrast, Mauritius (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Botswana (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritius and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, South Africa ($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 an X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Namibia (X% per year).
Import Prices by Country
The import price in SADC stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price posted perceptible growth. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.
From 2012 to 2023, 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
This report provides an in-depth analysis of the cherry market in SADC. 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 531 - Cherries
Country coverage:
- Angola
- Botswana
- Comoros
- Democratic Republic of the Congo
- Lesotho
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Namibia
- Seychelles
- South Africa
- Swaziland
- Tanzania
- Zambia
- Zimbabwe
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in SADC, split by region and country
- Trade (exports and imports) in SADC
- 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
- CONSUMPTION BY COUNTRY
- 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 VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Angola
- Botswana
- Comoros
- Democratic Republic of the Congo
- Lesotho
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Namibia
- Seychelles
- South Africa
- Swaziland
- Tanzania
- Zambia
- Zimbabwe
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 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, 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, 2012–2023
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