Saudi Arabia: Currant And Gooseberry Market Overview 2021

Currant And Gooseberry Market Size in Saudi Arabia

In 2019, the Saudi currant and gooseberry market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Currant and gooseberry consumption peaked at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Currant And Gooseberry Production in Saudi Arabia

In value terms, currant and gooseberry production skyrocketed to $X in 2019 estimated in export prices. Overall, production saw notable growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2014 to 2019, production growth failed to regain the momentum.

In 2019, the average currant and gooseberry yield in Saudi Arabia stood at X kg per ha, standing approx. at the previous year's figure. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the currant and gooseberry harvested area in Saudi Arabia totaled X ha, flattening at the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Currant And Gooseberry Exports

Exports from Saudi Arabia

Currant and gooseberry exports from Saudi Arabia fell markedly to X tonnes in 2019, which is down by -X% against 2018. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports failed to regain the momentum.

In value terms, currant and gooseberry exports totaled $X in 2019. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

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

From 2012 to 2019, the average annual growth rate of volume to Kuwait totaled -X%.

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

From 2012 to 2019, the average annual rate of growth in terms of value to Kuwait amounted to -X%.

Export Prices by Country

The average currant and gooseberry export price stood at $X per tonne in 2019, rising by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. The export price peaked in 2019 and is likely to see steady growth in the immediate term.

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

From 2012 to 2019, the rate of growth in terms of prices for Kuwait amounted to +X% per year.

Currant And Gooseberry Imports

Imports into Saudi Arabia

Currant and gooseberry imports into Saudi Arabia declined to X tonnes in 2019, dropping by -X% against the year before. Overall, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, currant and gooseberry imports rose notably to $X in 2019. In general, imports, however, enjoyed measured growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Kuwait (X tonnes), Egypt (X tonnes) and Peru (X tonnes) were the main suppliers of currant and gooseberry imports to Saudi Arabia, with a combined X% share of total imports. India and South Africa lagged somewhat behind, together accounting for a further X 2012 to 2019, the biggest increases were in India, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest currant and gooseberry suppliers to Saudi Arabia were Egypt ($X), Peru ($X) and Kuwait ($X), with a combined X% share of total imports.

In terms of the main suppliers, Peru saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average currant and gooseberry import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Peru ($X per tonne), while the price for Kuwait ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Peru (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for currants and gooseberries in the world?

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Russia (488K tonnes) remains the largest currant and gooseberry consuming country worldwide, comprising approx. 59% of total volume. Moreover, currant and gooseberry consumption in Russia exceeded the figures recorded by the second-largest consumer, Poland (129K tonnes), fourfold. Germany (101K tonnes) ranked third in terms of total consumption with a 12% share.

What are the largest producers of currants and gooseberries in the world?

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Russia (487K tonnes) constituted the country with the largest volume of currant and gooseberry production, comprising approx. 59% of total volume. Moreover, currant and gooseberry production in Russia exceeded the figures recorded by the second-largest producer, Poland (134K tonnes), fourfold. The third position in this ranking was occupied by Germany (97K tonnes), with a 12% share.

What are the leading suppliers of currants and gooseberries to Saudi Arabia?

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In value terms, the largest currant and gooseberry suppliers to Saudi Arabia were Egypt ($91K), Peru ($60K) and Kuwait ($34K), together comprising 76% of total imports.

What are the leading importers of currants and gooseberries from Saudi Arabia?

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In value terms, Kuwait ($25K) remains the key foreign market for currant and gooseberry exports from Saudi Arabia.

What is the average export price for currants and gooseberries in Saudi Arabia?

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The average currant and gooseberry export price stood at $2,551 per tonne in 2019, with an increase of 36% against the previous year.

What is the average import price for currants and gooseberries in Saudi Arabia?

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In 2019, the average currant and gooseberry import price amounted to $1,948 per tonne, growing by 25% against the previous year.