Australia - Ginger - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGinger Price in Australia - 2023
Contents:
- Ginger Price in Australia (CIF) - 2023
- Ginger Price in Australia (FOB) - 2022
- Ginger Imports in Australia
- Ginger Exports in Australia
Ginger Price in Australia (CIF) - 2023
The average ginger import price stood at $3,421 per ton in August 2023, reducing by -3.2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 12% against the previous month. Over the period under review, average import prices reached the peak figure at $4,257 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Fiji ($6,130 per ton), while the price for Vietnam ($2,327 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Fiji (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ginger Price in Australia (FOB) - 2022
In 2022, the average ginger export price amounted to $10,717 per ton, falling by -34.4% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The growth pace was the most rapid in 2018 an increase of 172% against the previous year. As a result, the export price attained the peak level of $18,735 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($37,867 per ton), while the average price for exports to Germany ($5,097 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.
Ginger Imports in Australia
In 2022, supplies from abroad of ginger decreased by -16.1% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 89%.
In value terms, ginger imports shrank to $5.8M in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 75% against the previous year.
| Import of Ginger in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 2.1 | 2.1 | 1.7 | 23.6% |
| India | 0.9 | 1.1 | 1.5 | 1.5 | 18.6% |
| Fiji | N/A | 0.2 | 1.2 | 1.5 | 173.9% |
| Vietnam | 0.1 | 0.3 | 1.0 | 0.5 | 71.0% |
| Others | 0.4 | 0.4 | 0.9 | 0.6 | 14.5% |
| Total | 2.3 | 4.0 | 6.7 | 5.8 | 36.1% |
Top Suppliers of Ginger to Australia in 2022:
- Fiji (607.5 tons)
- China (480.8 tons)
- India (396.6 tons)
- Vietnam (234.4 tons)
Ginger Exports in Australia
Ginger exports from Australia skyrocketed to 96 tons in 2022, picking up by 60% against the previous year's figure. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 73% against the previous year. As a result, the exports reached the peak of 119 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, ginger exports expanded modestly to $1M in 2022. Over the period under review, exports, however, recorded a noticeable setback. The growth pace was the most rapid in 2020 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $1.3M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ginger in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 722 | 914 | 611 | 506 | -11.2% |
| New Zealand | 223 | 230 | 247 | 201 | -3.4% |
| United Kingdom | 48.8 | 13.2 | 7.5 | 153 | 46.4% |
| Germany | 39.8 | N/A | N/A | 57.9 | 13.3% |
| French Polynesia | 3.3 | 6.0 | 13.8 | 31.3 | 111.7% |
| Japan | N/A | N/A | N/A | 24.7 | 0% |
| Singapore | 23.4 | 34.3 | 16.1 | 18.1 | -8.2% |
| Ghana | N/A | 44.1 | N/A | N/A | 0% |
| Others | 49.8 | 62.9 | 87.1 | 39.4 | -7.5% |
| Total | 1,110 | 1,305 | 983 | 1,032 | -2.4% |
Top Export Markets for Ginger from Australia in 2022:
- United Kingdom (29.5 tons)
- New Zealand (27.5 tons)
- United States (13.4 tons)
- Germany (11.3 tons)
- French Polynesia (4.0 tons)
- Japan (3.8 tons)
- Singapore (2.1 tons)
This report provides an in-depth analysis of the ginger market in Australia. 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 720 - Ginger
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
2005
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