Peru: Sour Cherry Market 2025

Sour Cherry Market Size in Peru

In 2022, after four years of decline, there was significant growth in the Peruvian sour cherry market, when its value increased by 5.4% to $X. Over the period under review, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sour Cherry Production in Peru

In value terms, sour cherry production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 4.4% against the previous year. Sour cherry production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average yield of sour cherries in Peru rose slightly to X tons per ha, with an increase of 4.7% compared with the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by 17%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average sour cherry yield remained at a somewhat 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, the sour cherry harvested area in Peru amounted to X ha, rising by 3.5% compared with the previous year. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the harvested area increased by 20%. Over the period under review, the harvested area dedicated to sour cherry production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Sour Cherry Exports

Exports from Peru

In 2018, sour cherry exports from Peru surged to X tons, growing by 563% against 2017. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sour cherry exports soared to $X in 2018. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for sour cherry exports from Peru, with a approx. 100% share of total exports.

From 2014 to 2018, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for sour cherries exports from Peru.

From 2014 to 2018, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2018, the average sour cherry export price amounted to $X per ton, dropping by -35.8% against the previous year. In general, the export price faced a deep slump. The growth pace was the most rapid in 2015 a decrease of -4.4%. The export price peaked at $X per ton in 2014; however, from 2015 to 2018, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2014 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Sour Cherry Imports

Imports into Peru

After four years of growth, purchases abroad of sour cherries decreased by -0.3% to X tons in 2022. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 92%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sour cherry imports dropped slightly to $X in 2022. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 97% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from Chile totaled -13.1%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at -16.9%.

Import Prices by Country

In 2022, the average sour cherry import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 -4.4% per year.

Source: IndexBox Platform

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