U.S. - Cherries and Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCherry and Sour Cherry Prices in the United States
U.S. Cherry and Sour Cherry Export Price per Ton in July 2022
In July 2022, the cherry and sour cherry price per ton stood at $7.6K (FOB, US), shrinking by -27.4% against the previous month. Over the period under review, export price indicated a tangible increase from January 2022 to July 2022: its price increased at an average monthly rate of +2.3% over the last six months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, cherry and sour cherry export price decreased by -27.4% against June 2022 indices. The pace of growth appeared the most rapid in April 2022 an increase of 34% month-to-month. The export price peaked at $10.4K per ton in June 2022, and then dropped dramatically in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($11.1K per ton), while the average price for exports to Mexico ($4.3K per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Cherry and Sour Cherry Exports
Cherry and sour cherry exports from the United States declined significantly to 4.7K tons in August 2022, which is down by -77.7% on July 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in April 2022 when exports increased by 5,710% m-o-m.
In value terms, cherry and sour cherry exports contracted dramatically to $33M (IndexBox estimates) in August 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in April 2022 when exports increased by 7,677% month-to-month.
U.S. Cherry and Sour Cherry Exports by Country
Canada (9.5K tons) was the main destination for cherry and sour cherry exports from the United States, with a 46% share of total exports. Moreover, cherry and sour cherry exports to Canada exceeded the volume sent to the second major destination, Taiwan (Chinese) (3.2K tons), threefold. The third position in this ranking was held by China (2.8K tons), with a 14% share.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume to Canada amounted to +102.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Taiwan (Chinese) (+342.7% per month) and China (+80.0% per month).
In value terms, Canada ($60M) remains the key foreign market for cherry and sour cherry exports from the United States, comprising 38% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($27M), with a 17% share of total exports. It was followed by China, with a 16% share.
From January 2022 to July 2022, the average monthly growth rate of value to Canada stood at +98.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Taiwan (Chinese) (+348.0% per month) and China (+100.0% per month).
This report provides an in-depth analysis of the market for cherry and sour cherry in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In June 2022, the cherry and sour cherry price per ton stood at $10,415 per ton in June 2022, growing by 27% against the previous month.
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Starting a business in the cherry market in the United States can be a lucrative venture. This guide provides step-by-step instructions, official data sources, and information on obtaining help from local authorities. Understand the market trends and dynamics, research import and export opportunities, ensure compliance with legal requirements, establish a reliable supply chain, develop a comprehensive marketing strategy, and stay informed with market intelligence. Use official data sources such as USDA, U.S. Census Bureau, and NASS. Seek assistance from SBA, local economic development offices, and agricultural extension offices. Follow these steps and utilize official data sources to start a successful cherry business in the United States.
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