United Kingdom: Cherry Market 2024

Cherry Market Size in the UK

The UK cherry market expanded sharply to $X in 2022, increasing by 14% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Cherry consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cherry Production in the UK

In value terms, cherry production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 116% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The average yield of cherries in the UK surged to X tons per ha in 2022, growing by 24% compared with the previous year. Over the period under review, the yield recorded a prominent increase. The pace of growth was the most pronounced in 2017 when the yield increased by 270%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average cherry yield remained at a 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, approx. X ha of cherries were harvested in the UK; flattening at the year before. The harvested area increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 8.2%. Over the period under review, the harvested area dedicated to cherry production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Cherry Exports

Exports from the UK

In 2022, the amount of cherries exported from the UK surged to X tons, with an increase of 71% against 2021. In general, exports continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 134%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cherry exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a slight decline. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ireland (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of cherry exports from the UK, with a combined 78% share of total exports. Spain, Germany and Belgium lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +100.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), France ($X) and the Netherlands ($X) were the largest markets for cherry exported from the UK worldwide, with a combined 73% share of total exports. Spain, Germany and Belgium lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Spain, with a CAGR of +102.1%, saw 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 export price amounted to $X per ton, which is down by -10.7% against the previous year. Overall, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 50%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Ireland ($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 Spain (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cherry Imports

Imports into the UK

In 2022, the amount of cherries imported into the UK contracted modestly to X tons, remaining relatively unchanged against the previous year. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cherry imports rose rapidly to $X in 2022. Over the period under review, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest cherry supplier to the UK, accounting for a 60% share of total imports. Moreover, cherry imports from Spain exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold. The third position in this ranking was held by Greece (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+3.3% per year) and Greece (+7.8% per year).

In value terms, Spain ($X), Chile ($X) and South Africa ($X) appeared to be the largest cherry suppliers to the UK, together comprising 87% of total imports.

In terms of the main suppliers, South Africa, with a CAGR of +46.7%, saw the highest growth rate of 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, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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