The forecast for the supply of cherries in Australia indicates steady growth from 2024 to 2028. Starting at 20.59 Thousand Metric Tons in 2024, the supply is expected to reach 21.68 Thousand Metric Tons by 2028. This represents a consistent upward trend with year-on-year increases of approximately 1.34% to 1.42%.
In 2023, the actual supply stood at 20.32 Thousand Metric Tons. The variations over the last two years highlight a steady increase in supply, with a Compound Annual Growth Rate (CAGR) of around 1.28% over the five-year forecast period.
Future trends to watch for include potential impacts of climate change on cherry production, advances in agricultural technology, and market demand both domestically and internationally. Additionally, trade policies and pest management strategies will be crucial in maintaining and potentially accelerating growth in the cherry supply.
