Report Update Nov 1, 2024

India - Sour Cherries - Market Analysis, Forecast, Size, Trends and Insights

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India: Sour Cherry Market 2024

Sour Cherry Market Size in India

The Indian sour cherry market declined dramatically to $X in 2022, dropping by -97.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a sharp contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sour Cherry Exports

Exports from India

After two years of decline, overseas shipments of sour cherries increased by 1,550% to X kg in 2022. Over the period under review, exports, however, saw a abrupt decrease. The exports peaked at X kg in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sour cherry exports skyrocketed to $X in 2022. Overall, exports posted a noticeable increase. The growth pace was the most rapid in 2019 with an increase of 684%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bhutan (X kg) and Uganda (X kg) were the main destinations of sour cherry exports from India.

From 2016 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bhutan (with a CAGR of 0.0%).

In value terms, the largest markets for sour cherry exported from India were Bhutan ($X) and Uganda ($X). Moreover, sour cherry exports in Bhutan exceeded the figures recorded by the second-largest exporter, Uganda, twofold.

In terms of the main countries of destination, Bhutan, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average sour cherry export price amounted to $X per ton, with a decrease of -71% against the previous year. Overall, the export price, however, recorded a significant increase. The growth pace was the most rapid in 2019 when the average export price increased by 219%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Uganda stood at $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (-6.1%).

Sour Cherry Imports

Imports into India

In 2022, approx. X tons of sour cherries were imported into India; which is down by -97.4% against 2021. Over the period under review, imports saw a dramatic setback. The most prominent rate of growth was recorded in 2014 with an increase of 231% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sour cherry imports reduced remarkably to $X in 2022. In general, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 338% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of sour cherry to India, accounting for a 82% share of total imports. Moreover, sour cherry imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold.

From 2013 to 2022, the average annual rate of growth in terms of volume from Australia amounted to +10.5%.

In value terms, Australia ($X) constituted the largest supplier of sour cherries to India, comprising 88% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports.

From 2013 to 2022, the average annual growth rate of value from Australia stood at +12.2%.

Import Prices by Country

In 2022, the average sour cherry import price amounted to $X per ton, increasing by 2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 305% against the previous year. The import price peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United States amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sour cherries in the world?

The countries with the highest volumes of sour cherry consumption in 2021 were Russia, Turkey and Ukraine, together comprising 42% of global consumption. These countries were followed by Poland, Iran, Serbia, the United States, Uzbekistan, Hungary, Belarus, Azerbaijan and Romania, which together accounted for a further 47%.

What are the largest producers of sour cherries in the world?

The countries with the highest volumes of sour cherry production in 2021 were Russia, Turkey and Ukraine, together accounting for 42% of global production. Poland, Iran, Serbia, the United States, Uzbekistan, Hungary, Azerbaijan, Belarus and Romania lagged somewhat behind, together accounting for a further 49%.

What are the leading suppliers of sour cherries to India?

In value terms, the largest sour cherry suppliers to India were Chile, Turkey and Afghanistan, together comprising 66% of total imports.

What are the leading importers of sour cherries from India?

In value terms, Uganda $154), Maldives $127) and Malaysia $28) constituted the largest markets for sour cherry exported from India worldwide, together accounting for 96% of total exports.

What is the average export price for sour cherries in India?

In 2021, the average sour cherry export price amounted to $589 per ton, dropping by -17.2% against the previous year.

What is the average import price for sour cherries in India?

In 2021, the average sour cherry import price amounted to $6,882 per ton, with an increase of 71% against the previous year.

This report provides an in-depth analysis of the sour cherry market in India. 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 530 - Sour cherries

Country coverage:

India

Data coverage:

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