Israel: Cherry Market 2024

Cherry Market Size in Israel

The Israeli cherry market skyrocketed to $X in 2022, growing by 17% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cherry Production in Israel

In value terms, cherry production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 100%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of cherries in Israel amounted to X tons per ha in 2022, almost unchanged from 2021 figures. Over the period under review, the yield, however, recorded a perceptible contraction. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. The cherry yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the 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.

In 2022, approx. X ha of cherries were harvested in Israel; with an increase of 42% against 2021 figures. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. Over the period under review, the harvested area dedicated to cherry production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Cherry Exports

Exports from Israel

After six years of decline, shipments abroad of cherries increased by 13% to X kg in 2022. Over the period under review, exports, however, showed a dramatic curtailment. The pace of growth was the most pronounced in 2015 with an increase of 219%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, cherry exports fell modestly to $X in 2022. Overall, exports, however, faced a precipitous descent. The growth pace was the most rapid in 2015 with an increase of 87% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X kg), South Africa (X kg) and the UK (X kg) were the main destinations of cherry exports from Israel, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of -10.1%), while shipments for the other leaders experienced a decline.

In value terms, South Africa ($X) remains the key foreign market for cherries exports from Israel, comprising 86% of total exports. The second position in the ranking was taken by Russia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Africa totaled -36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-8.9% per year) and the UK (-52.3% per year).

Export Prices by Country

In 2022, the average cherry export price amounted to $X per ton, waning by -15.7% against the previous year. Overall, the export price, however, saw a noticeable increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Russia ($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 South Africa (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cherry Imports

Imports into Israel

In 2022, supplies from abroad of cherries decreased by -32.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 331% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, cherry imports declined remarkably to $X in 2022. In general, imports, however, continue to indicate a slight increase. The pace of growth was the most pronounced in 2014 with an increase of 383% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) was the main cherry supplier to Israel, accounting for a 94% share of total imports. It was followed by France (X kg), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +6.4%.

In value terms, Turkey ($X) constituted the largest supplier of cherries to Israel, comprising 100% of total imports. The second position in the ranking was held by France ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +1.5%.

Import Prices by Country

In 2022, the average cherry import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-4.6%).

Source: IndexBox Platform

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