Report Update May 1, 2025

Philippines - Cherries - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Cherry Market 2025

Cherry Market Size in the Philippines

The Philippine cherry market fell remarkably to $X in 2022, shrinking by -29.6% 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). Overall, consumption recorded a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2021, and then declined sharply in the following year.

Cherry Imports

Imports into the Philippines

In 2022, approx. X tons of cherries were imported into the Philippines; with a decrease of -31.8% against 2021. Overall, imports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 174%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cherry imports dropped rapidly to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 195%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Imports by Country

The United States (X tons), Chile (X tons) and New Zealand (X tons) were the main suppliers of cherry imports to the Philippines, together accounting for 91% of total imports. Australia and Hong Kong SAR lagged somewhat behind, together accounting for a further 9.1%.

From 2017 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +20.9%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X), New Zealand ($X) and Chile ($X) constituted the largest cherry suppliers to the Philippines, together comprising 92% of total imports. Australia and Hong Kong SAR lagged somewhat behind, together comprising a further 8.2%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +51.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cherry import price amounted to $X per ton, picking up by 3.1% against the previous year. Overall, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of 76% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.7%), 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 cherries in the world?

The country with the largest volume of cherry consumption was Turkey, comprising approx. 24% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, the United States, threefold. China ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of cherries in the world?

Turkey constituted the country with the largest volume of cherry production, comprising approx. 26% of total volume. Moreover, cherry production in Turkey exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Chile, with a 9.7% share.

What are the leading suppliers of cherries to the Philippines?

In value terms, the largest cherry suppliers to the Philippines were the United States, Chile and Australia, with a combined 90% share of total imports.

What is the average export price for cherries in the Philippines?

In 2014, the average cherry export price amounted to $2,155 per ton, increasing by 44% against the previous year.

What is the average import price for cherries in the Philippines?

In 2021, the average cherry import price amounted to $8,430 per ton, increasing by 69% against the previous year.

This report provides an in-depth analysis of the cherry market in the Philippines. 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 531 - Cherries

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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 THE 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 EditionPRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and its Prospects
1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
5. MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

Finding New Products to Diversify Your Business
- This Chapter is Available Only for the Professional EditionPRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCTS
4. MOST TRADED PRODUCTS
5. MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
- This Chapter is Available Only for the Professional EditionPRO
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 Export
- This Chapter is Available Only for the Professional EditionPRO
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 VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS

The Largest Import Supplying Countries
1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS

The Largest Destinations for Exports
1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
- This Chapter is Available Only for the Professional EditionPRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
5. Imports, In Physical Terms, By Country, 2012-2024
6. Imports, In Value Terms, By Country, 2012-2024
7. Import Prices, By Country, 2012-2024
8. Exports, In Physical Terms, By Country, 2012-2024
9. Exports, In Value Terms, By Country, 2012-2024
10. Exports Prices, By Country, 2012-2024
LIST OF FIGURES
1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
8. Market Volume Forecast to 2035
9. Market Value Forecast to 2035
10. Market Size and Growth, by Product
11. Average Per Capita Consumption, by Product
12. Exports and Growth, by Product
13. Export Prices and Growth, by Product
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: Historical Data (2012–2024) and Forecast (2025–2035)
23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
24. Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
28. Imports, in Physical Terms, by Country, 2024
29. Imports, in Physical Terms, by Country, 2012-2024
30. Imports, in Value Terms, by Country, 2012-2024
31. Import Prices, by Country, 2012-2024
32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
34. Exports, in Physical Terms, by Country, 2024
35. Exports, in Physical Terms, by Country, 2012-2024
36. Exports, in Value Terms, by Country, 2012-2024
37. Export Prices, by Country, 2012-2024