Thailand - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIn 2024, Thailand's Imports of Cherry and Sour Cherry Soar to An Unprecedented $27 Million
Thailand Cherry and Sour Cherry Imports
In 2024, supplies from abroad of cherries and sour cherries increased by 7.6% to 3.6K tons, rising for the third year in a row after two years of decline. Overall, total imports indicated prominent growth from 2014 to 2024: its volume increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +75.0% against 2021 indices. The most prominent rate of growth was recorded in 2023 with an increase of 53% against the previous year. Imports peaked in 2024 and are likely to see steady growth in years to come.
In value terms, cherry and sour cherry imports soared to $33M (IndexBox estimates) in 2024. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 28%. Imports peaked in 2024 and are likely to continue growth in years to come.
| COUNTRY | Import Value of Cherry and Sour Cherry in Thailand (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Chile | 1.5 | 1.1 | 1.8 | 2.0 | 7.2 | 10.9 | 11.2 | 12.1 | 13.9 | 16.0 |
| United States | 3.0 | 3.2 | 4.1 | 6.2 | 4.1 | 5.4 | 3.4 | 2.2 | 2.3 | 5.9 |
| Australia | 0.1 | 1.0 | 0.9 | 0.6 | 0.9 | 0.8 | 1.5 | 2.1 | 2.1 | 2.4 |
| New Zealand | 2.6 | 3.1 | 3.5 | 5.1 | 3.3 | 2.3 | 3.4 | 2.4 | 3.6 | 2.3 |
| Canada | 0.7 | 1.1 | 1.6 | 0.6 | 0.6 | 0.5 | 0.7 | 0.4 | 1.2 | 0.4 |
| Others | N/A | N/A | 0.1 | N/A | 0.1 | 0.1 | N/A | 0.3 | N/A | N/A |
| Total | 7.9 | 9.5 | 12.1 | 14.6 | 16.2 | 19.9 | 20.2 | 19.6 | 23.1 | 27.0 |
Imports by Country
Chile (1.6K tons), the United States (1.4K tons) and New Zealand (144 tons) were the main suppliers of cherry and sour cherry imports to Thailand, together comprising 93% of total imports. Canada and Australia lagged somewhat behind, together comprising a further 7.2%.
From 2014 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Chile ($16M) constituted the largest supplier of cherries and sour cherries to Thailand, comprising 59% of total imports. The second position in the ranking was taken by the United States ($5.9M), with a 22% share of total imports. It was followed by Australia, with an 8.7% share.
From 2014 to 2023, the average annual rate of growth in terms of value from Chile amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.9% per year) and Australia (+36.6% per year).
Import Prices by Country
In 2023, the cherry and sour cherry price stood at $7,972 per ton (CIF, Thailand), falling by -23.5% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 an increase of 48% against the previous year. The import price peaked at $10,416 per ton in 2022, and then declined dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Australia ($20,633 per ton), while the price for Canada ($3,031 per ton) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was attained by Chile (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the market for cherry and sour cherry in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- 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 Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country, 2024
- Imports, in Physical Terms, by Country, 2012-2024
- Imports, in Value Terms, by Country, 2012-2024
- Import Prices, by Country, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country, 2024
- Exports, in Physical Terms, by Country, 2012-2024
- Exports, in Value Terms, by Country, 2012-2024
- Export Prices, by Country, 2012-2024
