The sweet cherries for canning production in the US stood at 2.94 million pounds in 2023. Experienced a significant decline over the last decade from 7.57 million pounds in 2013. Between 2022 and 2023, the year-on-year variation was -11.86%. Over the last two years, the trend has shown consistent reduction with a two-year average CAGR of -6.55%. Over the previous five years, the CAGR averaged at -8.11%, highlighting a steady decrease. Projections from 2024 onwards indicate a further sharp decline, culminating in a 64.94% reduction by 2028 with a five-year forecast CAGR of -18.91%.
Future trends to watch for include changing climate patterns potentially impacting cherry yields, shifting consumer preferences possibly affecting demand for canned produce, and economic factors that could influence production costs and profitability for canning operations.
