Sour Cherry Market Overview in Belarus
In value terms, sour cherry production declined remarkably to $ in 2019 estimated in export prices. Overall, production, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by % against the previous year. As a result, production attained the peak level of $, and then declined remarkably in the following year.
The average yield of sour cherries in Belarus reduced sharply to tonnes per ha in 2019, which is down by -% compared with the year before. In general, the yield, however, saw a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. The sour cherry yield peaked at tonnes per ha in 2016; however, from 2017 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of sour cherries were harvested in Belarus; waning by -% against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. As a result, the harvested area attained the peak level of ha, and then contracted in the following year.
The revenue of the sour cherry market in Belarus dropped significantly to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded strong growth. The pace of growth was the most pronounced in 2018 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $, and then fell dramatically in the following year.