Research

China’s appetite for Chilean sweet cherries drives export growth

28 March 2024 16:14 RaboResearch
Download

Global sweet cherry exports have experienced steady growth over the past decade, largely driven by the success of Chilean exports to China. Stable prices are expected. Meanwhile, the Chilean industry is facing various challenges, including concentration, lack of market diversification, potential competition from Peru, and increased volumes of cherries unfit for export.

shutterstock_2164401993_2000

Global sweet cherry exports have experienced steady growth over the past decade, largely driven by the success of Chilean exports to China. Currently, the Chinese market is not yet fully saturated, with further expansion anticipated in the coming seasons. Stable prices are expected, provided the quality of the cherries remains high and logistics remain smooth. Meanwhile, the Chilean industry is facing various challenges, including concentration, lack of market diversification, potential competition from Peru, and increased volumes of cherries unfit for export.

Disclaimer

The information and opinions contained in this document are indicative and for discussion purposes only. No rights may be derived from any transactions described and/or commercial ideas contained in this document. This document is for information purposes only and is not, and should not be construed as, an offer, invitation or recommendation. Read more