Australia and Oceania: Cherry Market 2025

Cherry Market Size in Australia and Oceania

In 2022, the cherry market in Australia and Oceania increased by 477% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cherry Production in Australia and Oceania

In value terms, cherry production totaled $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 45% against the previous year. 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) and Australia (X tons).

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +44.3%).

In 2022, the average yield of cherries in Australia and Oceania surged to X tons per ha, jumping by 510% compared with 2021. Over the period under review, the yield enjoyed significant 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 to X ha in 2022, waning by -11.7% on 2021. The harvested area increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the harvested area increased by 40% against the previous year. Over the period under review, the harvested area dedicated to cherry production reached the peak figure at X ha in 2021, and then fell in the following year.

Cherry Exports

Exports in Australia and Oceania

In 2022, shipments abroad of cherries was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 70%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cherry exports soared to $X in 2022. In general, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand represented the key exporter of cherries in Australia and Oceania, with the volume of exports resulting at X tons, which was approx. 68% of total exports in 2022. It was distantly followed by Australia (X tons), committing a 32% share of total exports.

New Zealand was also the fastest-growing in terms of the cherries exports, with a CAGR of +17.8% from 2012 to 2022. At the same time, Australia (+6.6%) displayed positive paces of growth. New Zealand (+24 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -24% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) emerged as the largest cherry supplier in Australia and Oceania, comprising 70% of total exports. The second position in the ranking was held by Australia ($X), with a 30% share of total exports.

In New Zealand, cherry exports expanded at an average annual rate of +21.6% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2016 when the export price increased by 24%. The level of export peaked at $X per ton in 2021, and then declined modestly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia 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 Australia and Oceania

In 2022, approx. X tons of cherries were imported in Australia and Oceania; with a decrease of -61.8% on 2021 figures. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cherry imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 50%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia dominates imports structure, finishing at X tons, which was near 91% of total imports in 2022. French Polynesia (X tons), New Caledonia (X tons) and Guam (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -19.8% from 2012 to 2022. At the same time, New Caledonia (+7.9%) and Guam (+2.1%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.9% from 2012-2022. By contrast, French Polynesia (-3.7%) illustrated a downward trend over the same period. French Polynesia (+2.7 p.p.), New Caledonia (+2.1 p.p.) and Guam (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -6.5% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported cherries in Australia and Oceania, comprising 93% of total imports. The second position in the ranking was taken by French Polynesia ($X), with a 2.5% share of total imports. It was followed by New Caledonia, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -13.3%. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (-7.1% per year) and New Caledonia (+8.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 22% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cherry import price increased by +105.3% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 33% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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