Cherries market in Asia

Earlier Report Observations

The Asian fresh cherry market experienced a net increase in volume from 1 626 thousand tons in 2018 to 2 017 thousand tons in 2023, with significant growth occurring in 2021 and 2023. The market's value also rose considerably, from 6 206 million US dollars to 8 267 million US dollars over the same period, reflecting both volume expansion and price changes.

The notable volume growth in 2023 was underpinned by enhanced domestic production capabilities. In Jiangxian County, policy support including free seedling distribution, technical assistance, and investment in irrigation infrastructure helped expand and secure yields. Concurrently, the adoption of scientific planting and refined management practices, such as those at the Dalian Yingxiang Industrial Park, improved cherry quality and output. Furthermore, the broader industry saw gains from improved cultivation techniques using biological fertilizers and the successful introduction of new varieties like 'Ming 5-5', which attracted consumer interest.

The market's earlier trajectory was shaped by base production conditions. In 2018, price adjustments in key producing regions like Shandong, Dalian, and Hebei were influenced by climate, yield, and logistics, affecting supply dynamics. The market then saw steady growth in 2019, a slight stabilization in 2020, a strong surge in 2021, and another period of stabilization in 2022.

Production cherries in Asia

In kind, 2017-2020, K t

Top producers of cherries, 2017-2020

World map of production of cherries, 2017-2020

Cherry production in Asia has increased for the third consecutive year. In 2020, Asia produced 1 665 K t of cherries, marking a 5.0% year-over-year improvement. From 2017 to 2020, production grew by 10.6%, with a compound annual growth rate of 3.4%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Asia's cherry production value has risen for the third year in a row. In 2020, the output of cherries in Asia was valued at 5 015 M $ US, reflecting a 5.0% increase compared to the previous year. Over the period from 2017 to 2020, production value increased by 12.8%, with a compound annual growth rate of 4.1%.

Annual dynamics of production in Asia in value, 2017-2020, M $ US

Exports cherries from Asia

Exports in kind, K t

Cross-border shipments of cherries from Asia have grown for the third consecutive year. In 2020, Asia exported 411.9 K t of cherries, representing a substantial 14.2% year-over-year rise. Between 2017 and 2020, exports surged by 114%, equating to an annualized growth rate of 28.9%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

The structure of exports in kind from 2017 to 2020 was diversified. Russia accounted for 23.2% of exports in kind, Germany for 8.4%, and the Netherlands for 0.7%, with these three countries together making up just 32.3% of total flows. No single country held a clearly dominant position during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Asia in kind, 2017-2020

Exports in value, M $ US

Asia's cherry export value has increased for the third consecutive year. In 2020, Asia exported cherries worth 1 240 M $ US, reflecting a strong 14.2% improvement over the past year. From 2017 to 2020, export value grew by 118.3%, with a compound annual growth rate of 29.7%.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

The structure of exports in value terms from 2017 to 2020 indicates a diversified set of partners. Russia contributed 10.2% of exports in value terms, Germany 8.9%, and the Netherlands 0.9%, with these three countries jointly accounting for only 20.0% of total flows. The remaining 80.0% was distributed among numerous smaller markets.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Asia in value, 2017-2020

Imports cherries to Asia

Imports in kind, K t

The market for cherry imports in Asia showed volatility during these years. Import volumes varied by 1.9 times, from a low in 2017 to a high in 2019. In 2020, Asia's cherry import volume reached 412.0 K t, representing a significant 11.0% decline compared to 2019. The maximum volume was recorded in 2019 at 462.9 K t, while the largest increase occurred in 2018 at 85.8%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

From 2017 to 2020, Chile and the United States together absorbed 82.1% of total cherry imports in kind to Asia, with the rest of the volume scattered across smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Asia in kind, 2017-2020

Imports in value, M $ US

The value of cherry imports to Asia has increased for the third consecutive year. In 2020, imports amounted to 2 898 M $ US, which is 7.2% higher than the previous year. Over the period from 2017 to 2020, import value rose by 84.1%, with a compound annual growth rate of 22.6%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

From 2017 to 2020, the country structure of imports in value terms was strongly focused on Chile, which accounted for 74.6% of total flows. Other partners made up the remaining volume.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Asia in value, 2017-2020