Europe: Cherry Market 2024

Cherry Market Size in Europe

In 2022, the Europe cherry market decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cherry Production in Europe

In value terms, cherry production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Italy (X tons), Spain (X tons) and Greece (X tons), with a combined X% share of total production. Ukraine, Bulgaria, Russia, Poland, Germany, Romania and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average cherry yield in Europe fell modestly to X tons per ha, waning by X% on the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cherries production in Europe was estimated at X ha, stabilizing at 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the cherry harvested area failed to regain momentum.

Cherry Exports

Exports in Europe

After two years of growth, overseas shipments of cherries decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cherry exports shrank sharply to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

In 2022, Spain (X tons) and Greece (X tons) represented the major exporters of cherries in Europe, together finishing at approx. X% of total exports. Austria (X tons) held the next position in the ranking, followed by Moldova (X tons), Italy (X tons) and Belgium (X tons). All these countries together took approx. X% share of total exports. The following exporters - the Netherlands (X tons), Serbia (X tons), Germany (X tons), North Macedonia (X tons) and Hungary (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Greece ($X) and Austria ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Italy, Belgium, the Netherlands, Germany, Moldova, Serbia, Hungary and North Macedonia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 Europe stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Moldova ($X per ton) was amongst the lowest.

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

Cherry Imports

Imports in Europe

In 2022, purchases abroad of cherries decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, cherry imports dropped significantly to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, Russia (X tons) was the key importer of cherries, generating X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Austria (X%) and the UK (X%). France (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons), Spain (X tons), Belarus (X tons) and Romania (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cherry imports into Russia stood at X%. At the same time, Romania (X%), Austria (X%), Poland (X%), Spain (X%), Belarus (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Germany and France experienced a relatively flat trend pattern. By contrast, the UK (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Austria and Romania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Germany ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Austria, France, the Netherlands, Spain, Italy, Poland, Belarus and Romania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Europe amounted to $X per ton, waning by X% against the previous year. In general, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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