Australia and Oceania: Currant And Gooseberry Market 2022

Currant And Gooseberry Market Size in Australia and Oceania

The currant and gooseberry market in Australia and Oceania declined sharply to $X in 2020, with a decrease of -X% against the previous year. Overall, consumption saw a deep setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Currant And Gooseberry Production in Australia and Oceania

In value terms, currant and gooseberry production contracted dramatically to $X in 2020 estimated in export prices. Overall, production recorded a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

The country with the largest volume of currant and gooseberry production was New Zealand (X tonnes), accounting for X% of total volume. Moreover, currant and gooseberry production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tonnes), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume in New Zealand stood at -X%.

The average currant and gooseberry yield totaled X tonnes per ha in 2020, remaining constant against the previous year. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the currant and gooseberry yield reached the peak level in 2020 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of currants and gooseberries production in Australia and Oceania fell slightly to X ha, with a decrease of -X% compared with 2019. Over the period under review, the harvested area saw a deep slump. The pace of growth was the most pronounced in 2016 when the harvested area decreased by -X% y-o-y. Over the period under review, the harvested area dedicated to currant and gooseberry production attained the peak figure at X ha in 2012; however, from 2013 to 2020, the harvested area stood at a somewhat lower figure.

Production By Country in Australia and Oceania

New Zealand (X tonnes) remains the largest currant and gooseberry producing country in Australia and Oceania, comprising approx. X% of total volume. Moreover, currant and gooseberry production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tonnes), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume in New Zealand totaled -X%.

Currant And Gooseberry Exports

Exports in Australia and Oceania

In 2020, approx. X tonnes of currants and gooseberries were exported in Australia and Oceania; with an increase of X% against 2019 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, currant and gooseberry exports expanded to $X in 2020. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of currants and gooseberries, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the currants and gooseberries exports, with a CAGR of +X% from 2012 to 2020. Australia (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest currant and gooseberry supplier in Australia and Oceania.

In Australia, currant and gooseberry exports increased at an average annual rate of +X% over the period from 2012-2020.

Export Prices by Country

The currant and gooseberry export price in Australia and Oceania stood at $X per tonne in 2020, remaining constant against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The growth pace was the most rapid in 2017 when the export price increased by X% y-o-y. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2020, the rate of growth in terms of prices for Australia amounted to -X% per year.

Currant And Gooseberry Imports

Imports in Australia and Oceania

Currant and gooseberry imports shrank markedly to X tonnes in 2020, falling by -X% compared with the previous year. Over the period under review, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes, and then dropped sharply in the following year.

In value terms, currant and gooseberry imports dropped rapidly to $X in 2020. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2019, and then dropped dramatically in the following year.

Imports by Country

Fiji was the key importing country with an import of about X tonnes, which reached X% of total imports. French Polynesia (X kg) took the second position in the ranking, followed by New Caledonia (X kg) and Australia (X kg). All these countries together occupied approx. X% share of total imports. New Zealand (X kg) held a little share of total imports.

From 2012 to 2020, average annual rates of growth with regard to currant and gooseberry imports into Fiji stood at -X%. At the same time, French Polynesia (+X%), New Caledonia (+X%) and New Zealand (+X%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2012-2020. By contrast, Australia (-X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of French Polynesia, New Caledonia and New Zealand increased by +X%, +X% and +X% percentage points, while Australia (-X p.p.) and Fiji (-X p.p.) saw their share reduced.

In value terms, Fiji ($X) constitutes the largest market for imported currants and gooseberries in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by French Polynesia ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

From 2012 to 2020, the average annual growth rate of value in Fiji totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (+X% per year) and New Caledonia (+X% per year).

Import Prices by Country

The currant and gooseberry import price in Australia and Oceania stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Fiji ($X per tonne), while New Zealand ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Fiji, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform