Thailand: Market for Cherries and Sour Cherries 2025

Market Size for Cherries and Sour Cherries in Thailand

The Thai cherry and sour cherry market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Cherries and Sour Cherries

Exports from Thailand

In 2022, after three years of growth, there was significant decline in shipments abroad of cherries and sour cherries, when their volume decreased by -71.9% to X tons. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,494%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced markedly in the following year.

In value terms, cherry and sour cherry exports declined dramatically to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,180%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Myanmar (X tons), Lao People's Democratic Republic (X tons) and Russia (X tons) were the main destinations of cherry and sour cherry exports from Thailand, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +109.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cherry and sour cherry exported from Thailand were Myanmar ($X), Russia ($X) and Qatar ($X), together accounting for 88% of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +190.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cherry and sour cherry export price amounted to $X per ton, with an increase of 35% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 148%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Russia (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cherries and Sour Cherries

Imports into Thailand

In 2022, supplies from abroad of cherries and sour cherries was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a slight shrinkage. The growth pace was the most rapid in 2016 when imports increased by 35%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cherry and sour cherry imports surged to $X in 2022. In general, imports saw strong growth. The growth pace was the most rapid in 2016 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of cherry and sour cherry to Thailand, with a 49% share of total imports. Moreover, cherry and sour cherry imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Canada (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.9% per year) and Canada (+5.0% per year).

In value terms, Chile ($X) constituted the largest supplier of cherries and sour cherries to Thailand, comprising 60% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+8.2% per year) and the United States (-2.2% per year).

Import Prices by Country

The average cherry and sour cherry import price stood at $X per ton in 2022, rising by 10% against the previous year. In general, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2013 an increase of 75% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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