In 2023, the imports of sweet cherries for canning in the US stood at approximately 1.39 million pounds. The forecast from 2024 to 2028 indicates a gradual decline, with the volume decreasing from 1.38 million pounds in 2024 to 1.35 million pounds in 2028. The expected year-on-year variation shows a consistent, slight decrease, approximately -0.72% each year. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be around -0.72%, reflecting a steady, modest downward trend in import volumes.
Future trends to watch for include:
- The impact of changing consumer preferences towards locally sourced produce and its potential effect on import demand.
- Fluctuations in global trade policies or tariffs that may influence import volumes and cost-competitiveness of imported sweet cherries.
- Advancements in agricultural technology potentially increasing domestic output, affecting demand for imported cherries.
- Pertinent climate change effects on global cherry production impacting import availability and prices.
