Bangladesh: Currant And Gooseberry Market 2025

Currant And Gooseberry Market Size in Bangladesh

The Bangladeshi currant and gooseberry market declined significantly to $X in 2021, with a decrease of -64.7% 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). In general, consumption showed a perceptible decline. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Currant And Gooseberry Exports

Exports from Bangladesh

In 2021, shipments abroad of currants and gooseberries increased by 147% to X tons, rising for the fourth year in a row after five years of decline. In general, exports posted prominent growth. The growth pace was the most rapid in 2018 with an increase of 424% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, currant and gooseberry exports surged to $X in 2021. Overall, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X kg), Oman (X kg) and Saudi Arabia (X kg) were the main destinations of currant and gooseberry exports from Bangladesh, together accounting for 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +9.5%), while the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for currant and gooseberry exports from Bangladesh, comprising 87% of total exports. The second position in the ranking was taken by Oman ($X), with a 6.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and the United Arab Emirates (+2.3% per year).

Export Prices by Country

In 2021, the average currant and gooseberry export price amounted to $X per ton, growing by 432% against the previous year. Overall, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+25.6%), while the prices for the other major destinations experienced mixed trend patterns.

Currant And Gooseberry Imports

Imports into Bangladesh

In 2021, currant and gooseberry imports into Bangladesh shrank significantly to X tons, which is down by -54.7% against 2020 figures. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 484% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, currant and gooseberry imports shrank significantly to $X in 2021. Over the period under review, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2018 when imports increased by 474%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest currant and gooseberry supplier to Bangladesh, accounting for a 74% share of total imports. Moreover, currant and gooseberry imports from India exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +11.4%.

In value terms, India ($X) and Myanmar ($X) were the largest currant and gooseberry suppliers to Bangladesh.

India, with a CAGR of +14.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average currant and gooseberry import price stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, the import price, however, saw a slight contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Myanmar ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+4.2%).

Source: IndexBox Platform

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