Eastern Europe: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Eastern Europe

The East European cherry and sour cherry market dropped to $X in 2022, reducing by -5.6% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cherries and Sour Cherries in Eastern Europe

In value terms, cherry and sour cherry production amounted to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -5.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Russia (X tons), Ukraine (X tons) and Poland (X tons), with a combined 74% share of total production. Romania, Hungary, Bulgaria and Belarus lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Belarus (with a CAGR of +14.5%), while production for the other leaders experienced more modest paces of growth.

The average cherry and sour cherry yield shrank modestly to X tons per ha in 2022, approximately reflecting the previous year. The yield figure increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 20%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the cherry and sour cherry yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cherry and sour cherry harvested area reduced slightly to X ha in 2022, approximately reflecting 2021 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 5.7% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Exports of Cherries and Sour Cherries

Exports in Eastern Europe

In 2022, approx. X tons of cherries and sour cherries were exported in Eastern Europe; almost unchanged from the previous year. Over the period under review, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2015 with an increase of 66% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cherry and sour cherry exports contracted to $X in 2022. Overall, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by 18% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Moldova (X tons) and Hungary (X tons) represented the main exporters of cherries and sour cherries in 2022, accounting for near 36% and 28% of total exports, respectively. It was distantly followed by Poland (X tons) and the Czech Republic (X tons), together comprising a 24% share of total exports. Bulgaria (X tons), Belarus (X tons) and Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +19.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry and sour cherry supplying countries in Eastern Europe were Moldova ($X), Hungary ($X) and Poland ($X), with a combined 74% share of total exports. Latvia, Bulgaria, the Czech Republic and Belarus lagged somewhat behind, together accounting for a further 18%.

Latvia, with a CAGR of +20.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, reducing by -6.9% against the previous year. In general, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2019 when the export price increased by 61%. The level of export 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 origin: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+1.5%), while the other leaders experienced a decline in the export price figures.

Imports of Cherries and Sour Cherries

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in supplies from abroad of cherries and sour cherries, when their volume decreased by -56.1% to X tons. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of 26% against the previous year. The volume of import peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, cherry and sour cherry imports dropped slightly to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value 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, imports decreased by -5.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) represented the main importer of cherries and sour cherries, constituting 46% of total imports. It was distantly followed by Romania (X tons), Poland (X tons), Belarus (X tons), Bulgaria (X tons) and Latvia (X tons), together achieving a 40% share of total imports. Lithuania (X tons) held a minor share of total imports.

Imports into Russia decreased at an average annual rate of -11.4% from 2012 to 2022. At the same time, Romania (+27.6%), Latvia (+18.9%), Belarus (+17.4%), Poland (+8.5%) and Bulgaria (+5.9%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +27.6% from 2012-2022. Lithuania experienced a relatively flat trend pattern. Romania (+11 p.p.), Belarus (+7.7 p.p.), Poland (+7.2 p.p.), Latvia (+4.3 p.p.), Bulgaria (+3.6 p.p.) and Lithuania (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -40.4% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported cherries and sour cherries in Eastern Europe, comprising 75% of total imports. The second position in the ranking was taken by Poland ($X), with a 7% share of total imports. It was followed by Belarus, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to +1.1%. In the other countries, the average annual rates were as follows: Poland (+11.1% per year) and Belarus (+5.3% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by 120% against the previous year. Overall, the import price posted strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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