Scandinavia: Market for Cherries and Sour Cherries 2024

Market Size for Cherries and Sour Cherries in Scandinavia

The Scandinavia cherry and sour cherry market declined to $X in 2022, waning by -14.1% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Production of Cherries and Sour Cherries in Scandinavia

In value terms, cherry and sour cherry production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Norway (X tons) constituted the country with the largest volume of cherry and sour cherry production, comprising approx. 80% of total volume. Moreover, cherry and sour cherry production in Norway exceeded the figures recorded by the second-largest producer, Sweden (X tons), fourfold.

In Norway, cherry and sour cherry production increased at an average annual rate of +3.0% over the period from 2012-2022.

In 2022, the average cherry and sour cherry yield in Scandinavia declined rapidly to X tons per ha, with a decrease of -31.7% against the previous year's figure. Over the period under review, the yield continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the yield increased by 105%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cherries and sour cherries in Scandinavia surged to X ha, increasing by 31% against the previous year. Overall, the harvested area, however, recorded a pronounced shrinkage. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Exports of Cherries and Sour Cherries

Exports in Scandinavia

In 2022, shipments abroad of cherries and sour cherries decreased by -36% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 210%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, cherry and sour cherry exports contracted notably to $X in 2022. Over the period under review, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 139% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden prevails in exports structure, recording X tons, which was approx. 97% of total exports in 2022. Finland (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cherry and sour cherry exports from Sweden stood at -27.8%. At the same time, Finland (+67.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +67.0% from 2012-2022. From 2012 to 2022, the share of Finland increased by +2.6 percentage points.

In value terms, Sweden ($X) remains the largest cherry and sour cherry supplier in Scandinavia, comprising 95% of total exports. The second position in the ranking was held by Finland ($X), with a 5% share of total exports.

In Sweden, cherry and sour cherry exports plunged by an average annual rate of -30.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, reducing by -3.1% against the previous year. In general, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 36%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.9%).

Imports of Cherries and Sour Cherries

Imports in Scandinavia

In 2022, imports of cherries and sour cherries in Scandinavia contracted to X tons, with a decrease of -13.3% on the previous year's figure. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.4% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 41%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cherry and sour cherry imports dropped notably to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Sweden represented the largest importing country with an import of about X tons, which recorded 60% of total imports. Norway (X tons) held a 28% share (based on physical terms) of total imports, which put it in second place, followed by Finland (12%).

Sweden was also the fastest-growing in terms of the cherries and sour cherries imports, with a CAGR of +12.9% from 2012 to 2022. At the same time, Finland (+2.3%) displayed positive paces of growth. Norway experienced a relatively flat trend pattern. While the share of Sweden (+29 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-4.5 p.p.) and Norway (-24.6 p.p.) displayed negative dynamics.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of +7.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, dropping by -4.5% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 when the import price increased by 7.5% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform