Currant And Gooseberry Market

The global currants and gooseberries market is projected to show a positive growth trend over the next eight years, with consumption levels expected to increase. Market performance is forecasted to accelerate, with a projected CAGR of +1.6% for the period from 2022 to 2030. In 2022, Russia was the largest consumer and producer of currants and gooseberries, with significant growth rates in both consumption and production. Poland and Germany also held prominent positions in consumption and production levels. Import and export data indicated notable fluctuations in average prices, with the Netherlands being the largest exporter of currants and gooseberries in 2022. Overall, the market outlook for currants and gooseberries looks positive, with increasing demand worldwide.

Market Forecast

Driven by increasing demand for currants and gooseberries worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 982K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Currants And Gooseberries

In 2022, approx. 868K tons of currants and gooseberries were consumed worldwide; remaining stable against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, global consumption attained the peak volume at 890K tons in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

The global currant and gooseberry market size reduced to $2.9B in 2022, with a decrease of -3.3% 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). Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.0% against 2020 indices. Global consumption peaked at $3.2B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

Russia (504K tons) remains the largest currant and gooseberry consuming country worldwide, accounting for 58% of total volume. Moreover, currant and gooseberry consumption in Russia exceeded the figures recorded by the second-largest consumer, Poland (144K tons), threefold. The third position in this ranking was held by Germany (102K tons), with a 12% share.

In Russia, currant and gooseberry consumption increased at an average annual rate of +2.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Poland (-3.4% per year) and Germany (-0.5% per year).

In value terms, Russia ($2B) led the market, alone. The second position in the ranking was taken by Germany ($304M). It was followed by Poland.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +7.4%. The remaining consuming countries recorded the following average annual rates of market growth: Germany (+3.2% per year) and Poland (-1.9% per year).

In 2022, the highest levels of currant and gooseberry per capita consumption was registered in Poland (3.8 kg per person), followed by Germany (1.2 kg per person), Ukraine (0.8 kg per person) and the UK (0.3 kg per person), while the world average per capita consumption of currant and gooseberry was estimated at less than 0.1 kg per person.

In Poland, currant and gooseberry per capita consumption declined by an average annual rate of -3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-0.9% per year) and Ukraine (+1.2% per year).

Production

World Production of Currants And Gooseberries

In 2022, global currant and gooseberry production amounted to 863K tons, approximately equating the year before. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 18%. Over the period under review, global production hit record highs at 881K tons in 2013; however, from 2014 to 2022, production failed to regain momentum. The general positive trend in terms output was largely conditioned by a relatively flat trend pattern of the harvested area and a mild decline in yield figures.

In value terms, currant and gooseberry production dropped to $2.9B in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 41%. Global production peaked at $3.3B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

Russia (504K tons) constituted the country with the largest volume of currant and gooseberry production, accounting for 58% of total volume. Moreover, currant and gooseberry production in Russia exceeded the figures recorded by the second-largest producer, Poland (148K tons), threefold. Germany (98K tons) ranked third in terms of total production with an 11% share.

In Russia, currant and gooseberry production increased at an average annual rate of +2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (-3.5% per year) and Germany (+0.1% per year).

Yield

In 2022, the global average currant and gooseberry yield was estimated at 4.9 tons per ha, approximately mirroring 2021. In general, the yield, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2018 when the yield increased by 6%. Over the period under review, the average currant and gooseberry yield attained the peak level at 5.8 tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure.

Harvested Area

In 2022, the global harvested area of currants and gooseberries was estimated at 175K ha, almost unchanged from the previous year. The harvested area increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. Over the period under review, the harvested area dedicated to currant and gooseberry production reached the maximum at 176K ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Imports

World Imports of Currants And Gooseberries

Global currant and gooseberry imports shrank to 20K tons in 2022, which is down by -5.3% compared with 2021 figures. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Over the period under review, global imports hit record highs at 24K tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, currant and gooseberry imports rose notably to $86M in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30%. Global imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports By Country

In 2022, Germany (4.8K tons), distantly followed by the Netherlands (2.5K tons), Italy (2K tons), Qatar (1.6K tons), the United States (1.3K tons), the United Arab Emirates (1.2K tons), France (0.9K tons) and Saudi Arabia (0.9K tons) were the main importers of currants and gooseberries, together comprising 75% of total imports. The following importers - Belgium (817 tons), Poland (506 tons) and Austria (322 tons) - together made up 8.1% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +50.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest currant and gooseberry importing markets worldwide were the Netherlands ($13M), Germany ($12M) and Qatar ($11M), with a combined 42% share of global imports. France, the United States, Italy, Poland, Belgium, the United Arab Emirates, Saudi Arabia and Austria lagged somewhat behind, together accounting for a further 37%.

Poland, with a CAGR of +49.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average currant and gooseberry import price amounted to $4,266 per ton, rising by 20% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, currant and gooseberry import price increased by +28.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 28%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($8,175 per ton), while Saudi Arabia ($1,953 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Currants And Gooseberries

In 2022, shipments abroad of currants and gooseberries increased by 8.6% to 15K tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a mild contraction. The growth pace was the most rapid in 2017 with an increase of 17%. The global exports peaked at 18K tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, currant and gooseberry exports totaled $65M in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, the exports attained the peak of $69M. From 2019 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

The Netherlands (4.4K tons) and Poland (4.3K tons) were the major exporters of currants and gooseberries in 2022, finishing at approx. 29% and 28% of total exports, respectively. Denmark (1,238 tons) ranks next in terms of the total exports with an 8.1% share, followed by France (5.3%) and Spain (5.2%). Belgium (653 tons), the Czech Republic (502 tons), Germany (339 tons), India (256 tons), Ukraine (255 tons), Iran (242 tons) and Kyrgyzstan (230 tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +108.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($41M) remains the largest currant and gooseberry supplier worldwide, comprising 64% of global exports. The second position in the ranking was taken by Poland ($7M), with an 11% share of global exports. It was followed by Belgium, with a 7% share.

In the Netherlands, currant and gooseberry exports increased at an average annual rate of +9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+0.9% per year) and Belgium (+0.7% per year).

Export Prices By Country

In 2022, the average currant and gooseberry export price amounted to $4,253 per ton, growing by 4.2% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, currant and gooseberry export price increased by +18.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs at $4,730 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($9,404 per ton), while Kyrgyzstan ($412 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+17.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform