The Chilean cherry season is a topic of interest in the latest installment of the ‘Agronometrics In Charts’ series, where Sarah Ilyas delves into the state of the industry. Each week, the series focuses on a different horticultural commodity, providing visualizations of market factors that drive change.
Chile is expected to reach a record-high total cherry production of 124 million 5-kilogram boxes this season, with the U.S. receiving approximately five million boxes. This accounts for less than 5% of Chile’s total exports, as China remains the dominant market, receiving over 90% of the total volume.
The Chilean cherry industry has experienced significant growth, with over 166 million kilograms of cherries exported worldwide by week 49, marking a 200% increase compared to the previous year. This growth is supported by steady increases in planted area, which is projected to grow by 5.5% in the upcoming season.
The Maule and O’Higgins regions are leading production areas for cherries in Chile, thanks to their optimal climatic conditions. U.S. retailers are expecting a significant increase in cherry imports, with proactive planning and aggressive promotional strategies in place to capitalize on the growing market.
Despite a strong start to the season, potential hurdles like a pending U.S. port strike could disrupt container shipments. However, exporters are actively securing space on bulk charters to ensure a steady supply. Promotional pricing is expected to drop after the New Year, with retailers maintaining aggressive advertising through January.
The Chinese market remains a key driver of growth for the Chilean cherry industry, with Chilean cherries known for their quality and ability to meet the high standards of Chinese consumers. The industry’s consistent growth in production, market diversification, and logistical planning set the stage for continued success in the future.
The record-breaking shipment of Chilean cherries to the U.S. this season is just one part of the industry’s broader story of global demand and innovation. With a focus on quality and strategic export markets, the Chilean cherry industry is poised to set new benchmarks in the years ahead.
The ‘In Charts’ series aims to tell the stories shaping the industry, providing insights into market trends and dynamics. For more articles in the series, visit the Agronometrics website. Agronometrics offers a data visualization tool to help industry professionals make informed decisions by providing access to market data for various commodities.
As the Chilean cherry season unfolds, industry stakeholders can track market trends and pricing through Agronometrics to stay informed and make strategic decisions. Visit www.agronometrics.com to access graphs, explore different commodities, and stay updated on market developments.