Currants and gooseberries market in Portugal

Earlier Report Observations

The market for fresh currants and gooseberries in Portugal showed considerable volatility in physical volume from 2018 to 2023. Starting at a high of 627 t in 2018, consumption fell by nearly one-third to 422 t in 2019 and continued down to 377 t in 2020. A significant recovery followed in 2021, with the market expanding to 457 t, before contracting again to 377 t in 2022 and rising slightly to 387 t in 2023.

In monetary terms, the market value mirrored the volume fluctuations but with a stronger finish. The market was valued at 2.4 million $ US in 2018, declined to 1.8 million $ US by 2020, and then rebounded sharply. The most notable increase occurred in 2023, when the market's value jumped to 3.1 million $ US, indicating a shift towards higher-value products or increased prices within the category.

Production currants and gooseberries in Portugal

In kind, 2018-2021, t

From 2018 to 2021, Portugal ranked 27th globally in the production volume of currants and gooseberries.

Top producers of currants and gooseberries, 2018-2021

World map of production of currants and gooseberries, 2018-2021

In 2021, Portugal produced 270.0 t of currants and gooseberries, representing a year-on-year increase of 17.4%. Over the period from 2018 to 2021, production grew by 3.8%, which translates to an annualized growth rate of 1.3%. The lowest production level was recorded in 2019 at 230.0 t, with the largest decline occurring that same year at 11.5%.

Annual dynamics of production in Portugal in kind, 2018-2021, t

In value, 2018-2021, K $ US

Following a two-year decline, Portugal's currants and gooseberries production saw an increase. In 2021, the output was valued at 2 869 K $ US, marking a sharp rise of 45.8% compared to the previous year. From 2018 to 2021, production value increased by 12.9%, with a compound annual growth rate (CAGR) of 4.1%. The minimum value was recorded in 2020 at 1 967 K $ US, with the largest decline also occurring that year at 16.7%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

Exports currants and gooseberries from Portugal

Exports in kind, t

Currants and gooseberries exports from Portugal increased for the second consecutive year. In 2021, exports amounted to 81.3 t, up by 10.0% compared to 2020. However, over the period from 2018 to 2021, exports decreased by 28.8%, equating to an annualized decline of 10.7%. The lowest export volume was recorded in 2019 at 65.3 t, with the largest decline that year at 42.8%. The largest increase occurred in 2020 at 13.2%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

From 2018 to 2021, the main buyers of currants and gooseberries from Portugal were France (29.0% of exports in kind), Spain (28.4% of exports in kind), and Germany (19.7% of exports in kind). Together, these three countries accounted for 77.1% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

After a two-year decrease, Portugal's currants and gooseberries exports increased. In 2021, exports were valued at 864 K $ US, corresponding to an uptick of 36.6% from the previous year. However, over the period from 2018 to 2021, exports decreased by 22.7%, equating to an annualized decline of 8.2%. The minimum value was recorded in 2020 at 633 K $ US, with the largest decline occurring in 2019 at 40.0%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

From 2018 to 2021, France (32.6% of exports in value terms), Spain (26.9% of exports in value terms), and Germany (16.8% of exports in value terms) continued to lead as the main buyers of currants and gooseberries from Portugal. Together, they accounted for 76.3% of total exports in value terms.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports currants and gooseberries to Portugal

Imports in kind, t

After a two-year decrease, imported volumes of currants and gooseberries into Portugal increased. In 2021, imports totalled 268.4 t, equivalent to a significant gain of 21.5% compared with 2020. However, over the period from 2018 to 2021, imports decreased by 44.3%, with a compound annual growth rate (CAGR) of -17.7%. The minimum value was recorded in 2020 at 220.9 t, with the largest decline occurring in 2019 at 46.4%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

From 2018 to 2021, Spain remained the dominant source for imports in kind, accounting for 71.8% of total flows, while the remainder was fragmented across other markets.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

After a two-year drop, foreign supplies of currants and gooseberries to Portugal increased. In 2021, import volume stood at 628 K $ US, marking an abrupt improvement of 32.8% compared to 2020. However, over the period from 2018 to 2021, imports decreased by 36.8%, equating to an annualized decline of 14.2%. The minimum value was recorded in 2020 at 473 K $ US, with the largest decline occurring in 2019 at 51.7%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

From 2018 to 2021, imports in value terms of currants and gooseberries to Portugal were largely oriented towards Spain and the Netherlands, whose combined share reached 88.1% of total flows, with other destinations playing a secondary role.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021