United Kingdom - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCherry Price in United Kingdom - 2023
Contents:
- Price Forecast for Cherries in the United Kingdom till 2025
- Cherry Price in United Kingdom (CIF) - 2023
- Cherry Price in United Kingdom (FOB) - 2023
- United Kingdom Cherry Imports
- United Kingdom Cherry Exports
Price Forecast for Cherries in the United Kingdom till 2025
Cherry Price in United Kingdom (CIF) - 2023
The average cherry import price stood at $7,094 per ton in December 2022, dropping by -19.1% against the previous month. Over the period under review, the import price showed a slight shrinkage. The pace of growth was the most pronounced in May 2022 when the average import price increased by 42% against the previous month. The import price peaked at $8,768 per ton in November 2022, and then reduced notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was South Africa ($8,426 per ton), while the price for Italy ($3,179 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cherry Price in United Kingdom (FOB) - 2023
In December 2022, the average cherry export price amounted to $7,870 per ton, declining by -42% against the previous month. Over the period under review, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in September 2022 an increase of 175% m-o-m. The export price peaked at $18.4 per kg in April 2022; however, from May 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In December 2022, the country with the highest price was the United States ($11.1 per kg), while the average price for exports to Ireland amounted to $7,579 per ton.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+72.9%), while the prices for the other major destinations experienced more modest paces of growth.
United Kingdom Cherry Imports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Million USD | |||||
| Spain | 22.3 | 16.5 | 32.0 | 36.3 | 17.6% |
| Chile | 10.3 | 10.9 | 17.4 | 19.7 | 24.1% |
| South Africa | 0.7 | 1.6 | 3.9 | 4.4 | 84.6% |
| Argentina | 2.8 | 3.3 | 2.3 | 3.1 | 3.5% |
| Turkey | 1.7 | 4.0 | 2.3 | 3.0 | 20.8% |
| United States | 2.7 | 2.2 | 1.0 | 2.2 | -6.6% |
| Germany | 2.5 | 3.3 | 0.3 | 2.2 | -4.2% |
| Greece | 0.7 | 1.5 | 1.2 | 1.4 | 26.0% |
| Netherlands | 1.8 | 0.6 | 1.0 | 1.3 | -10.3% |
| Others | 3.2 | 2.9 | 2.8 | 3.5 | 3.0% |
| Total | 48.7 | 46.7 | 64.2 | 77.1 | 16.5% |
Top Suppliers of Cherries to United Kingdom 2022:
- Spain (8.3K tons)
- Chile (2.6K tons)
- Germany (1.2K tons)
- Turkey (0.7K tons)
- South Africa (0.4K tons)
- Greece (0.4K tons)
- Argentina (0.4K tons)
- Netherlands (0.3K tons)
- United States (0.3K tons)
In 2022, cherry imports into the UK totaled 15K tons, approximately mirroring 2021. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, cherry imports skyrocketed to $77M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
United Kingdom Cherry Exports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Thousand USD | |||||
| Ireland | 652 | 1,416 | 425 | 819 | 7.9% |
| Germany | 29.9 | 78.7 | 399 | 579 | 168.5% |
| Spain | 9.1 | 527 | 338 | 490 | 277.6% |
| Netherlands | 742 | 644 | 56.7 | 438 | -16.1% |
| France | 297 | 610 | 62.7 | 300 | 0.3% |
| Italy | 11.4 | 293 | 188 | 272 | 187.9% |
| Belgium | 193 | 86.9 | 18.0 | 91.2 | -22.1% |
| Others | 99.5 | 157 | 76.0 | 110 | 3.4% |
| Total | 2,034 | 3,812 | 1,564 | 3,099 | 15.1% |
Top Export Markets for Cherries from United Kingdom 2022:
- Germany (111.6 tons)
- Spain (108.5 tons)
- Ireland (101.8 tons)
- Italy (88.7 tons)
- Netherlands (67.8 tons)
- France (59.1 tons)
- Belgium (10.1 tons)
Cherry exports from the UK soared to 561 tons in 2022, growing by 112% on the previous year. Over the period under review, exports saw a strong expansion. Over the period under review, the exports hit record highs at 703 tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, cherry exports surged to $3.1M in 2022. In general, exports continue to indicate strong growth. Over the period under review, the exports reached the peak figure at $3.8M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
This report provides an in-depth analysis of the cherry market in the UK. 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 531 - Cherries
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
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