Cherry Market - Spain’s Sour Cherry Exports Surged 43% in 2014 Pome Fruits And Stone Fruits September 16, 2015
Author: Olga Minchina
Account Manager

cherry market

Spain dominates in the global sour cherry trade. In 2014, Spain exported 7 thousand tonnes of sour cherry totaling 20 million USD, 43% over the previous year. Its primary trading partner on the global cherry market was the United Kingdom, where it supplied 23% of its total sour cherry exports in value terms, accounting for the lion's share of the United Kingdom's total imports.

Overall, the global sour cherry trade reached 99 million USD, with a CAGR of 2% from 2012 to 2014. In physical terms, it showed steady growth, rising from 54 thousand tonnes in 2012 to 64 thousand tonnes in 2014.

In 2014, Singapore (19%), Germany (17%), the Russian Federation (17%), the U.S. (7%) and Belarus (5%) were the leading destinations of sour cherry imports, together making up 65% of global imports. The share of Belarus increased (+4 percentage points), while the share of Germany illustrated negative dynamics (-14 percentage points).

The U.S. and Hungary were among the other main global suppliers of sour cherry in 2014 with a combined 39% share of global exports. However, the fastest growing exporters from 2007 to 2014 were Belarus (+118% per year) and the U.S. (+106% per year). The U.S. significantly strengthened its position in the global export structure, from 5% in 2007 to 20% in 2014.

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Source: World: Cherries (Sour) - Market Report. Analysis And Forecast To 2020