HS Code:
Cranberries, classified under HS Code 081040, are small, tart berries primarily grown in North America. They are widely used in food products such as juices, sauces, and dried snacks, as well as in dietary supplements due to their health benefits, including high antioxidant content. The global trade of cranberries is driven by demand for processed cranberry products, particularly in North America and Europe, with significant seasonal peaks around holidays like Thanksgiving and Christmas.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database, ITC Trade Map
$800 million USD
66.7% of total trade of total trade
Increasing
$250 million USD
20.8% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Increasing
$30 million USD
2.5% of total trade of total trade
Stable
$20 million USD
1.7% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
14% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Canada CETA)
Rising demand for organic cranberries
Increased production costs but higher profit margins for exporters meeting organic certification standards
2021-2022
Growth in cranberry-based health supplements
Boosted exports to Asia-Pacific markets where health and wellness products are gaining popularity
2020-2022
Climate change affecting cranberry yields
Potential supply shortages in key producing regions like the US and Canada, leading to price volatility
2019-2022
A new agreement reduced tariffs on US cranberry exports to the EU, facilitating market access for American producers.
June 2023
Expected to increase US cranberry exports to Europe by 10-15% over the next two years.
Canada announced investments in cranberry farming infrastructure to boost production capacity in British Columbia and Quebec.
March 2023
Likely to strengthen Canada’s position as the second-largest cranberry exporter globally.
Several Asian countries imposed stricter phytosanitary regulations on cranberry imports due to pest concerns, affecting US and Canadian exporters.
September 2022
Temporary reduction in exports to affected markets, with ongoing negotiations to resolve the issue.