Currant and Gooseberry Market in the EU - Key Insights

IndexBox has just published a new report, the EU - Currants And Gooseberries - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.

The revenue of the currant and gooseberry market in the European Union amounted to $X in 2017, falling by -X% 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). The total market indicated a remarkable growth from 2012 to 2017: its value decreased at an average annual rate of -X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014, when market value increased by X% year-to-year. The level of currant and gooseberry consumption peaked of $X in 2016, and then declined slightly in the following year.

Currant And Gooseberry Production in the EU

In 2017, the amount of currants and gooseberries produced in the European Union amounted to X tons, reducing by -X% against the previous year. The currant and gooseberry production continues to indicate a drastic contraction. The growth pace was the most rapid in 2013, when the output figure increased by X% year-to-year. In that year, the currant and gooseberry production attained their peak volume of X tons. From 2014 to 2017, growth of the currant and gooseberry production stood at a somewhat lower level. The general negative trend in terms of currant and gooseberry output was largely conditioned by a drastic contraction of the harvested area and a perceptible setback in yield figures.

The countries with the highest volumes of currant and gooseberry production in 2017 were Poland (X tons), Germany (X tons) and the UK (X tons), with a combined X% share of total production.

From 2012 to 2017, the most notable rate of growth in terms of currant and gooseberry production, amongst the main producing countries, was attained by the UK (+X% per year), while the other leaders experienced more modest paces of growth.

In 2017, average yield of currants and gooseberries in the European Union stood at X ton per ha, lowering by -X% against the previous year. The currant and gooseberry yield continues to indicate a noticeable contraction. The growth pace was the most rapid in 2015, with an increase of X% year-to-year. The level of currant and gooseberry yield peaked of X ton per ha in 2013; however, from 2014 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, the total area harvested in terms of currants and gooseberries production in the European Union amounted to X ha, standing approx. at the previous year. The currant and gooseberry harvested area continues to indicate a slight deduction. The growth pace was the most rapid in 2013, when harvested area increased by X% against the previous year. In that year, the currant and gooseberry harvested area attained their peak figure of X ha. From 2014 to 2017, growth of the currant and gooseberry harvested area failed to regain its momentum.

Currant And Gooseberry Exports

Exports in the EU

In 2017, the amount of currants and gooseberries exported in the European Union totaled X tons, going up by X% against the previous year. The currant and gooseberry exports continue to indicate a deep downturn.

In value terms, currant and gooseberry exports stood at $X (IndexBox estimates) in 2017. The total export value increased an average annual rate of +X% over the period from 2012 to 2017; however, the trend pattern remained consistent, with only minor fluctuations over the period under review. Over the period under review, the currant and gooseberry exports reached its peak figure level of $X in 2016, and then declined slightly in the following year.

Exports by Country

Poland (X tons) and the Netherlands (X tons) represented roughly X% of total exports of currants and gooseberries in 2017. It was distantly followed by Spain (X tons), Denmark (X tons) and the Czech Republic (X tons), together committing X% share of total exports. The following exporters - France (X tons) and Belgium (X tons) together made up X% of total exports.

From 2012 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by France (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest currant and gooseberry supplier in the European Union, making up X% of global exports. The second position in the ranking was occupied by Spain ($X), with a X% share of global exports. It was followed by Poland, with a X% share.

In the Netherlands, currant and gooseberry exports increased at an average annual rate of +X% over the period from 2012-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+X% per year) and Poland (-X% per year).

Export Prices by Country

In 2017, the currant and gooseberry export price in the European Union amounted to $X per ton, lowering by -X% against the previous year. The export price indicated a prominent increase from 2012 to 2017: its price increased at an average annual rate of +X% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period.

Export prices varied noticeably by the country of destination; the country with the highest export price was Belgium ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of export prices was attained by Spain (+X% per year), while the other leaders experienced more modest paces of growth.

Currant And Gooseberry Imports

Imports in the EU

The imports totaled X tons in 2017, surging by X% against the previous year. The currant and gooseberry imports continue to indicate a deep curtailment.

In value terms, currant and gooseberry imports amounted to $X (IndexBox estimates) in 2017. The currant and gooseberry imports continue to indicate a relatively flat trend pattern. In that year, the currant and gooseberry imports reached their peak level, and are likely to continue its growth in the immediate term.

Imports by Country

Germany was the key importer of currants and gooseberries in the European Union, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2017. Italy (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by France (X%), Austria (X%) and Belgium (X%). Spain (X tons), the Netherlands (X tons) and Ireland (X tons) followed a long way behind the leaders.

Imports into Germany decreased at an average annual rate of -X% from 2012 to 2017. At the same time, Ireland (+X%), Spain (+X%), France (+X%), Austria (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest growing importer in the European Union, with a CAGR of +X% from 2012-2017. By contrast, Italy (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. While the share of Germany (X%), the Netherlands (X%) and Italy (X%) increased significantly in terms of the global imports from 2012-2017, the share of Ireland (-X%), Spain (-X%) and France (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Italy, the Netherlands, Ireland, Spain and Austria lagged somewhat behind, together accounting for a further X%.

Ireland (+X% per year) recorded the highest growth rate of imports, among the main importing countriesover the last five years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the currant and gooseberry import price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2017, it increased at an average annual rate of +X%.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the Netherlands ($X per kg), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of import prices was attained by the Netherlands (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform