Asia: Sour Cherry Market 2022

Sour Cherry Market Size in Asia

In 2021, after two years of decline, there was growth in the Asian sour cherry market, when its value increased by X% to $X. Overall, consumption showed a mild decrease. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Sour Cherry Production in Asia

In value terms, sour cherry production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

The countries with the highest volumes of in 2021 were Turkey (X tons), Iran (X tons) and Uzbekistan (X tons), with a combined X% share of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Uzbekistan (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

The average sour cherry yield shrank to X tons per ha in 2021, with a decrease of -X% on 2020. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2021, 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 2021, approx. X ha of sour cherries were harvested in Asia; with an increase of X% on 2020. The harvested area increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. The level of harvested area peaked in 2021 and is likely to continue growth in the immediate term.

Sour Cherry Exports

Exports in Asia

After three years of growth, shipments abroad of sour cherries decreased by -X% to X tons in 2021. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted modestly in the following year.

In value terms, sour cherry exports fell sharply to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Lebanon (X tons) and Turkey (X tons) represented the main exporters of sour cherries in Asia, together accounting for near X% of total exports. Iran (X tons) took the next position in the ranking, distantly followed by Israel (X tons). All these countries together held near X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Israel (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X), Iran ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2021, with a combined X% share of total exports. Israel lagged somewhat behind, accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Iran ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+X%), while the other leaders experienced a decline in the export price figures.

Sour Cherry Imports

Imports in Asia

In 2021, the amount of sour cherries imported in Asia expanded slightly to X tons, with an increase of X% on 2020. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, sour cherry imports shrank modestly to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) was the largest importer of sour cherries, mixing up X% of total imports. Palestine (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%), South Korea (X%), Qatar (X%) and Kuwait (X%). The following importers - Malaysia (X tons), Japan (X tons), Singapore (X tons), Azerbaijan (X tons) and Oman (X tons) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to sour cherry imports into Saudi Arabia stood at +X%. At the same time, Palestine (+X%), Azerbaijan (+X%), Kuwait (+X%), Malaysia (+X%), Japan (+X%), Qatar (+X%), China (+X%), Oman (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. By contrast, Singapore (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia, Palestine, Kuwait, China, Malaysia, Qatar, Japan and Azerbaijan increased by +X, +X, +X, +X, +X, +X, +X and +X percentage points, respectively.

In value terms, China ($X), Saudi Arabia ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports. These countries were followed by Singapore, Japan, Kuwait, Qatar, Malaysia, Oman, Azerbaijan and Palestine, which together accounted for a further X terms of the main importing countries, Azerbaijan, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+X%), while the other leaders experienced more modest paces of growth.

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