Indonesia: Currant And Gooseberry Market 2024

Currant And Gooseberry Market Size in Indonesia

The Indonesian currant and gooseberry market dropped notably to $X in 2021, reducing by -25.1% 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 continues to indicate a precipitous decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Currant And Gooseberry Exports

Exports from Indonesia

In 2021, exports of currants and gooseberries from Indonesia dropped rapidly to X kg, waning by -83.2% against the year before. In general, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 205%. Over the period under review, the exports attained the maximum at X kg in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, currant and gooseberry exports fell remarkably to $X in 2021. Over the period under review, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 403%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X kg) was the main destination for currant and gooseberry exports from Indonesia, accounting for a 68% share of total exports. Moreover, currant and gooseberry exports to Singapore exceeded the volume sent to the second major destination, Maldives (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Singapore amounted to +67.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (0.0% per year) and the United Arab Emirates (-35.6% per year).

In value terms, Singapore ($X), Maldives ($X) and the United Arab Emirates ($X) constituted the largest markets for currant and gooseberry exported from Indonesia worldwide, together accounting for 99.9% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +61.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average currant and gooseberry export price amounted to $X per ton, reducing by -81% against the previous year. In general, the export price showed a abrupt slump. The growth pace was the most rapid in 2018 when the average export price increased by 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Singapore ($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 Singapore (+0.8%), while the prices for the other major destinations experienced a decline.

Currant And Gooseberry Imports

Imports into Indonesia

Currant and gooseberry imports into Indonesia shrank dramatically to X kg in 2021, which is down by -37.4% compared with 2020 figures. Overall, imports recorded a sharp reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 167% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, currant and gooseberry imports declined remarkably to $X in 2021. In general, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 172% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X kg) was the main supplier of currant and gooseberry to Indonesia, with a 96% share of total imports. Moreover, currant and gooseberry imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-32.3% per year) and Greece (-64.0% per year).

In value terms, the United States ($X) constituted the largest supplier of currant and gooseberry to Indonesia, comprising 81% of total imports. The second position in the ranking was held by Australia ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-25.4% per year) and Greece (-50.2% per year).

Import Prices by Country

In 2021, the average currant and gooseberry import price amounted to $X per ton, picking up by 9.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2017 an increase of 45%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Greece ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+33.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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