U.S. - Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSour Cherry Price in the United States - 2023
Contents:
- Sour Cherry Price in the United States (FOB) - 2022
- Sour Cherry Price in the United States (CIF) - 2022
- Sour Cherry Exports in the United States
- Sour Cherry Imports in the United States
Sour Cherry Price in the United States (FOB) - 2022
The average sour cherry export price stood at $6,934 per ton in 2022, rising by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The growth pace was the most rapid in 2020 an increase of 29%. Over the period under review, the average export prices reached the maximum at $7,640 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($10,353 per ton), while the average price for exports to Canada ($3,027 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 Malaysia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sour Cherry Price in the United States (CIF) - 2022
In 2022, the average sour cherry import price amounted to $3,093 per ton, waning by -30% against the previous year. Overall, the import price showed a mild slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 230% against the previous year. The import price peaked at $5,044 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($5,281 per ton), while the price for Turkey totaled $2,523 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Sour Cherry Exports in the United States
In 2022, overseas shipments of sour cherries decreased by -65% to 1.2K tons, falling for the second year in a row after two years of growth. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of 3.8K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sour cherry exports contracted remarkably to $8.5M in 2022. Over the period under review, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, the exports reached the peak of $28M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sour Cherry in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2.3 | 6.9 | 7.0 | 2.0 | -4.6% |
| Japan | 2.7 | 2.9 | 4.4 | 1.7 | -14.3% |
| Vietnam | 1.8 | 2.8 | 1.6 | 1.1 | -15.1% |
| China | 3.8 | 7.2 | 2.9 | 0.6 | -46.0% |
| Canada | 0.1 | 0.3 | N/A | 0.5 | 71.0% |
| Mexico | 1.8 | 0.8 | 1.0 | 0.4 | -39.4% |
| Taiwan (Chinese) | 0.5 | 1.6 | 1.1 | 0.3 | -15.7% |
| Singapore | 1.0 | 0.7 | 0.7 | 0.3 | -33.1% |
| Trinidad and Tobago | 0.3 | 0.4 | 0.2 | 0.3 | 0.0% |
| Thailand | 0.3 | 1.4 | 0.3 | 0.3 | 0.0% |
| United Kingdom | N/A | 0.3 | N/A | 0.2 | -18.4% |
| Malaysia | 0.6 | 0.5 | 0.2 | 0.2 | -30.7% |
| Australia | 1.2 | 0.4 | 1.4 | N/A | 8.0% |
| Others | 1.9 | 2.2 | 1.6 | 0.5 | -35.9% |
| Total | 18.4 | 28.3 | 22.5 | 8.5 | -22.7% |
Top Export Markets for Sour Cherry from the United States in 2022:
- South Korea (286.1 tons)
- Japan (194.7 tons)
- Vietnam (155.6 tons)
- Canada (149.1 tons)
- China (95.9 tons)
- Mexico (74.5 tons)
- Thailand (39.1 tons)
- Singapore (38.5 tons)
- Taiwan (Chinese) (36.2 tons)
- Trinidad and Tobago (32.7 tons)
- United Kingdom (22.2 tons)
- Malaysia (20.3 tons)
- Australia (8.3 tons)
Sour Cherry Imports in the United States
In 2022, supplies from abroad of sour cherries increased by 1,058% to 83 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a dramatic curtailment.
In value terms, sour cherry imports soared to $257K in 2022. Overall, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sour Cherry in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 167 | 0% |
| Chile | N/A | N/A | N/A | 90.9 | 0% |
| Poland | 209 | 84.5 | N/A | N/A | -59.6% |
| Canada | N/A | N/A | 31.8 | N/A | 0% |
| Others | N/A | 5.9 | N/A | N/A | 0% |
| Total | 209 | 90.4 | 31.8 | 257 | 7.1% |
Top Suppliers of Sour Cherry to the United States in 2022:
- Turkey (66.0 tons)
- Chile (17.2 tons)
This report provides an in-depth analysis of the sour cherry market 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
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.
-
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.
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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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