In 2023, France's cherries gross production was approximately valued at $37.9 million. Forecast data indicates a consistent decline in value from $34.74 million in 2024 to $21.58 million in 2028. This marks a year-on-year decline averaging around 10% initially, with the pace of decline slightly slowing thereafter. The compounded annual growth rate (CAGR) over the forecast period from 2024 to 2028 is expected to be around -9%.
Future trends to watch for:
- Changes in environmental policies impacting agriculture.
- Shifts in consumer preferences towards local or organic products.
- Technological advancements improving yields or reducing costs.
- Economic factors such as exchange rate fluctuations affecting international competitiveness.