Report Update Nov 1, 2024

Colombia - Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Cherry Market 2024

Cherry Market Size in Colombia

In 2022, after two years of growth, there was significant decline in the Colombian cherry market, when its value decreased by -17.2% to $X. Overall, consumption continues to indicate a pronounced contraction. Cherry consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cherry Exports

Exports from Colombia

After three years of decline, shipments abroad of cherries increased by 125% to X tons in 2022. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 228% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, cherry exports soared to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 200% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for cherry exports from Colombia, with a 72% share of total exports. Moreover, cherry exports to the Czech Republic exceeded the volume sent to the second major destination, Finland (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+6.8% per year) and Ireland (0.0% per year).

In value terms, the largest markets for cherry exported from Colombia were Finland ($X), the Czech Republic ($X) and Ireland ($X).

Among the main countries of destination, the Czech Republic, with a CAGR of +52.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cherry export price amounted to $X per ton, falling by -42% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 119%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+85.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into Colombia

In 2022, after two years of growth, there was significant decline in supplies from abroad of cherries, when their volume decreased by -6.3% to X tons. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 213% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cherry imports fell markedly to $X in 2022. In general, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when imports increased by 265% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of cherry to Colombia, with a 88% share of total imports. Moreover, cherry imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Chile stood at -4.0%.

In value terms, Chile ($X) constituted the largest supplier of cherries to Colombia, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile amounted to -2.9%.

Import Prices by Country

The average cherry import price stood at $X per ton in 2022, which is down by -11.3% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +79.4% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?

The country with the largest volume of cherry consumption was Turkey, comprising approx. 24% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by China, with an 8.5% share.

What are the largest producers of cherries in the world?

The country with the largest volume of cherry production was Turkey, comprising approx. 26% of total volume. Moreover, cherry production in Turkey exceeded the figures recorded by the second-largest producer, the United States, twofold. Chile ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of cherries to Colombia?

In value terms, Chile constituted the largest supplier of cherry to Colombia, comprising 72% of total imports. The second position in the ranking was occupied by the United States, with a 17% share of total imports.

What are the leading importers of cherries from Colombia?

It was followed by Greenland, with a 3.3% share.

What is the average export price for cherries in Colombia?

The average cherry export price stood at $6,487 per ton in 2021, jumping by 4,630% against the previous year.

What is the average import price for cherries in Colombia?

In 2021, the average cherry import price amounted to $6,909 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the cherry market in Colombia. 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:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023