The yield of cherries in the US has seen fluctuations over the past years, with notable peaks and troughs. In 2023, the yield stood at 93.99 thousand hectograms per hectare. From 2013 to 2023, the year-on-year variations indicate a mix of increases and decreases, reflecting volatility in cherry production. Over the last two years, there's been steady growth with minor percentage increases. The five-year compound annual growth rate (CAGR) from 2019 to 2023 is 0.69%, suggesting modest but consistent growth. Looking ahead, the forecasted CAGR from 2024 to 2028 is 0.35%, implying slower growth. The overall projected growth rate for this period is 1.74%, indicating a stabilizing trend in cherry yield.
Future trends to watch for:
- Climate change impacts on cherry yield and quality.
- Technological advancements in farming practices.
- Changes in domestic and international market demand.
- Potential shifts in agricultural policies and subsidies.
