Eastern Asia: Sour Cherry Market 2025

Sour Cherry Market Size in Eastern Asia

The East Asian sour cherry market surged to $X in 2022, jumping by 31% against the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -19.3% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Sour Cherry Production in Eastern Asia

In value terms, sour cherry production shrank significantly to $X in 2022 estimated in export price. In general, production, however, posted significant growth. The pace of growth was the most pronounced in 2019 with a decrease of -50%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Japan (X kg) remains the largest sour cherry producing country in Eastern Asia, comprising approx. 100% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Japan amounted to -10.3%.

Sour Cherry Exports

Exports in Eastern Asia

Sour cherry exports contracted to X tons in 2022, dropping by -9.3% on 2021 figures. Overall, exports, however, saw a strong increase. The growth pace was the most rapid in 2015 when exports increased by 558% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sour cherry exports shrank markedly to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 602%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR represented the largest exporter of sour cherries in Eastern Asia, with the volume of exports reaching X tons, which was approx. 66% of total exports in 2022. It was distantly followed by China (X tons) and Taiwan (Chinese) (X tons), together making up a 32% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sour cherry exports from Hong Kong SAR stood at +20.4%. At the same time, Taiwan (Chinese) (+37.3%) and China (+7.0%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +37.3% from 2012-2022. Hong Kong SAR (+21 p.p.) and Taiwan (Chinese) (+6.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -29.2% from 2012 to 2022, respectively.

In value terms, Hong Kong SAR ($X) remains the largest sour cherry supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR amounted to +44.2%. In the other countries, the average annual rates were as follows: China (+18.0% per year) and Taiwan (Chinese) (+41.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, dropping by -7.1% against the previous year. Over the period under review, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2014 an increase of 134% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 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 Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.7%), while the other leaders experienced more modest paces of growth.

Sour Cherry Imports

Imports in Eastern Asia

In 2022, overseas purchases of sour cherries were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 63%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sour cherry imports skyrocketed to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.8% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) represented the largest importer of sour cherries, creating 49% of total imports. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together creating a 50% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +15.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sour cherry importing markets in Eastern Asia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for 94% of total imports.

Among the main importing countries, China, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 when the import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and China ($X per ton), while Taiwan (Chinese) ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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