Report Update Apr 1, 2024

Costa Rica - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Costa Rica: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Costa Rica

The Costa Rican cherry and sour cherry market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption continues to indicate significant growth. Cherry and sour cherry consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Cherries and Sour Cherries in Costa Rica

In value terms, cherry and sour cherry production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X,400%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of cherries and sour cherries in Costa Rica was estimated at less than X kg per ha, remaining stable against the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of cherries and sour cherries were harvested in Costa Rica; remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Cherries and Sour Cherries

Exports from Costa Rica

In 2022, overseas shipments of cherries and sour cherries decreased by X% to X kg for the first time since 2017, thus ending a four-year rising trend. In general, exports showed a significant decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cherry and sour cherry exports fell significantly to $X in 2022. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X kg) was the main destination for cherry and sour cherry exports from Costa Rica, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua totaled X%.

In value terms, Nicaragua ($X) also remains the key foreign market for cherries and sour cherries exports from Costa Rica.

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

Export Prices by Country

The average cherry and sour cherry export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Cherries and Sour Cherries

Imports into Costa Rica

In 2022, supplies from abroad of cherries and sour cherries was finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate a notable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cherry and sour cherry imports surged to $X in 2022. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Chile (X tons) constituted the largest cherry and sour cherry supplier to Costa Rica, accounting for a X% share of total imports. Moreover, cherry and sour cherry imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile totaled X%.

In value terms, Chile ($X) constituted the largest supplier of cherries and sour cherries to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile amounted to X%.

Import Prices by Country

In 2022, the average cherry and sour cherry import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United States totaled $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries and sour cherries in the world?

Turkey remains the largest cherry and sour cherry consuming country worldwide, comprising approx. 20% of total volume. Moreover, cherry and sour cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, twofold. Russia ranked third in terms of total consumption with a 9.1% share.

What are the largest producers of cherries and sour cherries in the world?

Turkey constituted the country with the largest volume of cherry and sour cherry production, comprising approx. 21% of total volume. Moreover, cherry and sour cherry production in Turkey exceeded the figures recorded by the second-largest producer, Chile, twofold. The United States ranked third in terms of total production with an 8.8% share.

What are the leading suppliers of cherries and sour cherries to Costa Rica?

In value terms, Chile constituted the largest supplier of cherries and sour cherries to Costa Rica, comprising 78% of total imports. The second position in the ranking was taken by the United States, with a 22% share of total imports.

What are the leading importers of cherries and sour cherries from Costa Rica?

In value terms, Nicaragua remains the key foreign market for cherries and sour cherries exports from Costa Rica.

What is the average export price for cherries and sour cherries in Costa Rica?

The average cherry and sour cherry export price stood at $13,340 per ton in 2022, rising by 197% against the previous year.

What is the average import price for cherries and sour cherries in Costa Rica?

The average cherry and sour cherry import price stood at $6,157 per ton in 2022, rising by 23% against the previous year.

This report provides an in-depth analysis of the market for cherry and sour cherry in Costa Rica. 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:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023