HS Code:
Raisins, classified under HS Code 080620, are dried grapes widely used in food products, snacks, and baking. They are a significant commodity in global trade due to their long shelf life, nutritional value, and versatility. Major production is concentrated in regions with suitable climates for grape cultivation, such as the Mediterranean, parts of the Middle East, and California in the United States. The trade of raisins is influenced by factors such as weather conditions, agricultural policies, and consumer demand for healthy snack options.
Total Trade Volume
Approximately 1.2 million metric tons
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
300,000 metric tons
25% of global trade of total trade
Increasing
250,000 metric tons
21% of global trade of total trade
Stable
180,000 metric tons
15% of global trade of total trade
Increasing
100,000 metric tons
8% of global trade of total trade
Increasing
80,000 metric tons
7% of global trade of total trade
Stable
Average Rate
5-10% ad valorem
Highest Rate
25% (in certain markets like India for non-preferential trade partners)
Lowest Rate
0% (under free trade agreements such as EU-Turkey Customs Union)
Growing demand for organic raisins
Increased exports from countries with organic certification capabilities, such as Turkey and the US, as consumers prioritize health-conscious and sustainable products.
2021-2023
Rising popularity of plant-based diets
Boosted demand for raisins as a natural sweetener and snack, particularly in Europe and North America.
2020-2022
Climate change impacting production
Erratic weather patterns in key producing regions like California and the Mediterranean have led to supply fluctuations, affecting global prices.
2019-2023
Turkey launched new subsidies and marketing campaigns to boost raisin exports, targeting markets in Asia and Europe.
March 2023
Expected to increase Turkey's market share, potentially affecting competitors like the US and Iran.
Severe drought in California, a major raisin-producing region, led to a 10% drop in output for the 2022 season.
October 2022
Reduced supply from the US has driven up global prices and shifted demand to other exporters like Turkey and Iran.
The European Union introduced stricter maximum residue limits (MRLs) for raisins, impacting exporters who must adapt to compliance requirements.
January 2023
Increased compliance costs for exporters, with potential trade barriers for non-compliant suppliers.