Saudi Arabia: Currant And Gooseberry Market 2022

Currant And Gooseberry Market Size in Saudi Arabia

In 2021, the Saudi currant and gooseberry market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a buoyant increase. Currant and gooseberry consumption peaked at $X in 2020, and then dropped notably in the following year.

Currant And Gooseberry Exports

Exports from Saudi Arabia

In 2021, shipments abroad of currants and gooseberries was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, saw a precipitous setback. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, currant and gooseberry exports soared to $X in 2021. Overall, exports, however, faced a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for currant and gooseberry exports from Saudi Arabia, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kuwait amounted to -X%.

In value terms, Kuwait ($X) also remains the key foreign market for currant and gooseberry exports from Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value to Kuwait stood at -X%.

Export Prices by Country

The average currant and gooseberry export price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Kuwait amounted to +X% per year.

Currant And Gooseberry Imports

Imports into Saudi Arabia

In 2021, after four years of growth, there was significant decline in purchases abroad of currants and gooseberries, when their volume decreased by -X% to X tons. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2020, and then declined dramatically in the following year.

In value terms, currant and gooseberry imports fell dramatically to $X in 2021. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then contracted notably in the following year.

Imports by Country

South Africa (X tons), Egypt (X tons) and Peru (X tons) were the main suppliers of currant and gooseberry imports to Saudi Arabia, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Peru (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of currant and gooseberry to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and Egypt (-X% per year).

Import Prices by Country

The average currant and gooseberry import price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2016; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Africa ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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