The supply of cherries in the US is forecasted to increase gradually from 2024 through 2028. In 2024, the supply is expected to reach 428.29 thousand metric tons, up from the actual 2023 supply of 425.10 thousand metric tons. This forecast represents a year-on-year increase of 0.75% from 2023 to 2024. For the subsequent years, the forecasted annual growth rates are as follows: 0.52% for 2025, 0.51% for 2026, 0.50% for 2027, and 0.50% for 2028.
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.56% per year.
Future trends to watch for:
- Potential impact of climate change on cherry production
- Technological advancements in cherry farming
- Changes in consumer preferences for cherries and other fruits
- Global market dynamics and their effect on US cherry exports
