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 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 Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- 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 Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
