Malaysia: Currant And Gooseberry Market 2025

Currant And Gooseberry Market Size in Malaysia

In 2021, the Malaysian currant and gooseberry market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption posted a significant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Currant And Gooseberry Exports

Exports from Malaysia

In 2021, shipments abroad of currants and gooseberries decreased by -94.4% to X kg for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports faced a significant contraction. The pace of growth was the most pronounced in 2017 when exports increased by 1,735% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, currant and gooseberry exports plummeted to $X in 2021. In general, exports saw a sharp setback. The growth pace was the most rapid in 2017 when exports increased by 1,119%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X kg) was the main destination for currant and gooseberry exports from Malaysia, with a 86% share of total exports. Moreover, currant and gooseberry exports to Qatar exceeded the volume sent to the second major destination, Singapore (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-4.4% per year) and Maldives (-49.9% per year).

In value terms, Qatar ($X) remains the key foreign market for currant and gooseberry exports from Malaysia, comprising 97% of total exports. The second position in the ranking was taken by Maldives ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-47.6% per year) and Singapore (-13.0% per year).

Export Prices by Country

The average currant and gooseberry export price stood at $X per ton in 2021, increasing by 117% against the previous year. In general, the export price enjoyed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Qatar ($X per ton), while the average price for exports to Singapore ($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 Qatar (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Currant And Gooseberry Imports

Imports into Malaysia

In 2021, purchases abroad of currants and gooseberries was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2018 when imports increased by 440%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, currant and gooseberry imports surged to $X in 2021. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 343%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Greece (X tons) constituted the largest currant and gooseberry supplier to Malaysia, accounting for a 59% share of total imports. Moreover, currant and gooseberry imports from Greece exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was held by China (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from Greece amounted to +79.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+76.2% per year) and China (+49.5% per year).

In value terms, the largest currant and gooseberry suppliers to Malaysia were Greece ($X), Singapore ($X) and the Netherlands ($X), with a combined 79% share of total imports. These countries were followed by Colombia, China, the United States and South Africa, which together accounted for a further 20%.

In terms of the main suppliers, Colombia, with a CAGR of +57.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average currant and gooseberry import price amounted to $X per ton, falling by -34.2% against the previous year. In general, the import price faced a drastic downturn. The growth pace was the most rapid in 2017 when the average import price increased by 16% against the previous year. The import price peaked 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 the United States ($X per ton), while the price for Greece ($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 (+31.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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