Asia-Pacific: Cherry Market 2025

Cherry Market Size in Asia-Pacific

The Asia-Pacific cherry market soared to $X in 2022, increasing by 38% against the previous year. Over the period under review, consumption recorded a resilient expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Cherry Production in Asia-Pacific

In value terms, cherry production rose notably to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 53%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were New Zealand (X tons), Australia (X tons) and China (X tons), together comprising 74% of total production.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +44.3%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of cherries in Asia-Pacific soared to X tons per ha, picking up by 117% against the previous year's figure. In general, the yield saw resilient growth. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cherry harvested area fell modestly to X ha in 2022, with a decrease of -1.9% compared with the previous year's figure. The harvested area increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 7.7% against the previous year. The level of harvested area peaked at X ha in 2021, and then reduced slightly in the following year.

Cherry Exports

Exports in Asia-Pacific

Cherry exports totaled X tons in 2022, standing approx. at 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 118%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, cherry exports surged to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 85%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Hong Kong SAR prevails in exports structure, amounting to X tons, which was near 96% of total exports in 2022. New Zealand (X tons) followed a long way behind the leaders.

Hong Kong SAR was also the fastest-growing in terms of the cherries exports, with a CAGR of +26.1% from 2012 to 2022. At the same time, New Zealand (+17.8%) displayed positive paces of growth. While the share of Hong Kong SAR (+8.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-2.2 p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) remains the largest cherry supplier in Asia-Pacific, comprising 90% of total exports. The second position in the ranking was held by New Zealand ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR amounted to +29.3%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.2%).

Cherry Imports

Imports in Asia-Pacific

In 2022, the amount of cherries imported in Asia-Pacific dropped to X tons, which is down by -2.5% against the year before. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 when imports increased by 70%. The volume of import peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, cherry imports amounted to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 58%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China represented the main importing country with an import of about X tons, which amounted to 58% of total imports. It was distantly followed by Hong Kong SAR (X tons), committing a 35% share of total imports. The following importers - South Korea (X tons) and Taiwan (Chinese) (X tons) - each amounted to a 3.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported cherries in Asia-Pacific, comprising 62% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 30% share of total imports. It was followed by South Korea, with a 2.6% share.

In China, cherry imports expanded at an average annual rate of +24.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+18.4% per year) and South Korea (+3.5% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 31%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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