Report Update Nov 1, 2024

Hong Kong SAR, China - Currants and Gooseberries - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Currant And Gooseberry Market 2024

Currant And Gooseberry Market Size in Hong Kong SAR, China

In 2021, the Hong Kong currant and gooseberry market decreased by -87.1% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, saw a strong expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Currant And Gooseberry Exports

Exports from Hong Kong SAR, China

After two years of decline, shipments abroad of currants and gooseberries decreased by 0% to X kg in 2021. In general, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by 3,500% against the previous year. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, currant and gooseberry exports stood at $X in 2021. Overall, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of 6,040%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X kg) was the main destination for currant and gooseberry exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to Maldives was relatively modest.

From 2014 to 2021, the average annual growth rate of value to Maldives amounted to +2.4%.

Export Prices by Country

The average currant and gooseberry export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 178%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the 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 Maldives.

From 2014 to 2021, the rate of growth in terms of prices for Maldives amounted to +6.8% per year.

Currant And Gooseberry Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of currants and gooseberries decreased by -85% to X tons, falling for the third year in a row after two years of growth. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of 2,804%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, currant and gooseberry imports shrank remarkably to $X in 2021. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 1,230% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest currant and gooseberry supplier to Hong Kong SAR, with a 79% share of total imports. Moreover, currant and gooseberry imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), tenfold. The third position in this ranking was taken by Mexico (X kg), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.9% per year) and Mexico (+18.0% per year).

In value terms, the United States ($X) constituted the largest supplier of currant and gooseberry to Hong Kong SAR, comprising 80% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total imports. It was followed by Mexico, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.5% per year) and Mexico (+15.0% per year).

Import Prices by Country

The average currant and gooseberry import price stood at $X per ton in 2021, waning by -25.1% against the previous year. Over the period under review, the import price showed a slight downturn. The pace of growth was the most pronounced in 2015 an increase of 50% against the previous year. The import price peaked at $X per ton in 2020, and then dropped markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

Russia remains the largest currant and gooseberry consuming country worldwide, comprising approx. 58% of total volume. Moreover, currant and gooseberry consumption in Russia exceeded the figures recorded by the second-largest consumer, Poland, threefold. The third position in this ranking was occupied by Germany, with a 12% share.

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

Russia constituted the country with the largest volume of currant and gooseberry production, comprising approx. 58% of total volume. Moreover, currant and gooseberry production in Russia exceeded the figures recorded by the second-largest producer, Poland, threefold. The third position in this ranking was occupied by Germany, with a 11% share.

What are the leading suppliers of currants and gooseberries to Hong Kong SAR, China?

In value terms, the U.S., Mexico and the Netherlands appeared to be the largest currant and gooseberry suppliers to Hong Kong SAR.

What is the average export price for currants and gooseberries in Hong Kong SAR, China?

The average currant and gooseberry export price stood at $9,594 per ton in 2018, dropping by -36% against the previous year.

What is the average import price for currants and gooseberries in Hong Kong SAR, China?

In 2020, the average currant and gooseberry import price amounted to $16,526 per ton, surging by 38% against the previous year.

This report provides an in-depth analysis of the currant and gooseberry market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 550 - Currants
FCL 549 - Gooseberries

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023