Report Update Nov 1, 2024

Kuwait - Currants and Gooseberries - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Currant And Gooseberry Market 2024

Currant And Gooseberry Market Size in Kuwait

In 2021, the Kuwaiti currant and gooseberry market decreased by -85.6% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2020, and then contracted notably in the following year.

Currant And Gooseberry Exports

Exports from Kuwait

In 2021, shipments abroad of currants and gooseberries decreased by -31% to X tons, falling for the third consecutive year after three years of growth. Overall, exports recorded a slight reduction. The pace of growth was the most pronounced in 2016 with an increase of 67%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, currant and gooseberry exports contracted to $X in 2021. In general, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 128% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for currant and gooseberry exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to -1.8%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled -3.8%.

Export Prices by Country

In 2021, the average currant and gooseberry export price amounted to $X per ton, with an increase of 36% against the previous year. In general, the export price, however, recorded a noticeable slump. The growth pace was the most rapid in 2016 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +27.3% per year.

Currant And Gooseberry Imports

Imports into Kuwait

In 2021, overseas purchases of currants and gooseberries decreased by -86.6% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 98% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then plummeted in the following year.

In value terms, currant and gooseberry imports reduced sharply to $X in 2021. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 78% against the previous year. Imports peaked at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest currant and gooseberry supplier to Kuwait, with a 63% share of total imports. Moreover, currant and gooseberry imports from the United States exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), sevenfold. Iran (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+17.2% per year) and Iran (-19.6% per year).

In value terms, the United States ($X) constituted the largest supplier of currant and gooseberry to Kuwait, comprising 73% of total imports. The second position in the ranking was taken by Australia ($X), with a 6.9% share of total imports. It was followed by Lebanon, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+34.5% per year) and Lebanon (+2.8% per year).

Import Prices by Country

In 2021, the average currant and gooseberry import price amounted to $X per ton, with an increase of 60% against the previous year. In general, the import price, however, recorded a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-7.2%), 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?

The country with the largest volume of currant and gooseberry production was Russia, accounting for 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 Kuwait?

In value terms, the U.S. constituted the largest supplier of currant and gooseberry to Kuwait, comprising 8.4% of total imports. The second position in the ranking was occupied by South Africa, with a 0.2% share of total imports.

What are the leading importers of currants and gooseberries from Kuwait?

In value terms, Saudi Arabia remains the key foreign market for currant and gooseberry exports from Kuwait.

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

The average currant and gooseberry export price stood at $3,580 per ton in 2020, picking up by 62% against the previous year.

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

The average currant and gooseberry import price stood at $3,860 per ton in 2020, growing by 13% against the previous year.

This report provides an in-depth analysis of the currant and gooseberry market in Kuwait. 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:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
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