Peru: Cherry Market 2025

Cherry Market Size in Peru

In 2022, the Peruvian cherry market decreased by -72.4% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption recorded a abrupt descent. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cherry Production in Peru

In value terms, cherry production expanded markedly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when the production volume increased by 46%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of cherries in Peru shrank significantly to X tons per ha in 2022, waning by -52.5% compared with 2021 figures. Overall, the yield, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when the yield increased by 10,748% against the previous year. Over the period under review, the average cherry yield hit record highs at X tons per ha in 2021, and then contracted dramatically in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cherry harvested area in Peru was estimated at X ha in 2022, flattening at 2021 figures. In general, the harvested area faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 with a decrease of -50% against the previous year. The cherry harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Cherry Exports

Exports from Peru

In 2022, after four years of growth, there was significant decline in overseas shipments of cherries, when their volume decreased by -28.3% to X tons. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2015 when exports increased by 977% against the previous year. The exports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, cherry exports fell to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 790%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for cherry exports from Peru, accounting for a 65% share of total exports. Moreover, cherry exports to Hong Kong SAR exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+120.5% per year) and Singapore (0.0% per year).

In value terms, Hong Kong SAR ($X), Germany ($X) and Singapore ($X) were the largest markets for cherry exported from Peru worldwide, with a combined 88% share of total exports.

Germany, with a CAGR of +104.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cherry export price stood at $X per ton in 2022, surging by 24% against the previous year. Overall, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2019 an increase of 77% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Hong Kong SAR ($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 Hong Kong SAR (-5.2%).

Cherry Imports

Imports into Peru

In 2022, the amount of cherries imported into Peru dropped to X tons, declining by -12.1% against 2021 figures. In general, imports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2014 with an increase of 277%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cherry imports dropped remarkably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 113% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons) was the main cherry supplier to Peru, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile stood at +2.0%.

In value terms, Chile ($X) constituted the largest supplier of cherries to Peru.

From 2012 to 2022, the average annual growth rate of value from Chile was relatively modest.

Import Prices by Country

The average cherry import price stood at $X per ton in 2022, shrinking by -3.7% against the previous year. Over the period under review, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of 68%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -2.8% per year.

Source: IndexBox Platform

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