The import of prepared or preserved cherries to China has shown steady growth with a value reaching 1533.9 thousand US dollars in 2023, marking a 3.25% increase from the previous year. This indicates a consistent upward trend starting from 2016, despite some fluctuations in earlier years. The 5-year CAGR up to 2023 has been 3.56%, suggesting modest yet consistent growth. Future projections indicate that by 2028, the import value could increase by 12.54% with an annual CAGR of 2.39%.
Future Trends to Watch For:
- Watch for variations in international trade policies that might affect import tariffs and duties.
- Changes in consumer preferences toward imported fruits could influence demand.
- Monitor the economic relationship between China and cherry-exporting countries, as this may impact trade volumes.