China - Ginger - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGinger Price in China - 2023
Contents:
- Ginger Price in China (FOB) - 2023
- Ginger Price in China (CIF) - 2023
- Ginger Exports in China
- Ginger Imports in China
Ginger Price in China (FOB) - 2023
In June 2023, the average ginger export price amounted to $2,431 per ton, with a decrease of -4.6% against the previous month. Overall, the export price, however, posted a resilient increase. The growth pace was the most rapid in January 2023 when the average export price increased by 44% month-to-month. The export price peaked at $2,548 per ton in May 2023, and then dropped slightly in the following month.
Average prices varied somewhat for the major overseas markets. In June 2023, the countries with the highest prices were Spain ($3,033 per ton) and Canada ($3,018 per ton), while the average price for exports to Oman ($2,104 per ton) and Malaysia ($2,253 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ginger Price in China (CIF) - 2023
In June 2023, the average ginger import price amounted to $795 per ton, approximately mirroring the previous month. Over the period under review, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 342% month-to-month. As a result, import price reached the peak level of $1,163 per ton. From September 2022 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($1,805 per ton), while the price for Myanmar ($645 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+22.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Ginger Exports in China
In 2022, the amount of ginger exported from China shrank to 399K tons, waning by -12.6% against 2021 figures. In general, exports showed a abrupt decline. The smallest decline of less than 0.1% was in 2020.
In value terms, ginger exports contracted dramatically to $350M in 2022. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $719M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Ginger in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 50.0 | 51.9 | 60.9 | 50.3 | 0.2% |
| Netherlands | 81.7 | 113 | 93.0 | 48.0 | -16.2% |
| United States | 66.2 | 80.4 | 62.1 | 47.8 | -10.3% |
| United Arab Emirates | 19.8 | 50.9 | 41.0 | 35.3 | 21.3% |
| Malaysia | 32.5 | 47.8 | 36.0 | 21.1 | -13.4% |
| United Kingdom | 24.7 | 35.6 | 29.5 | 17.2 | -11.4% |
| Bangladesh | 51.8 | 36.2 | 19.8 | 15.8 | -32.7% |
| Saudi Arabia | 25.4 | 36.2 | 24.0 | 15.4 | -15.4% |
| Pakistan | 58.7 | 60.2 | 49.4 | 13.3 | -39.0% |
| Canada | 19.5 | 23.7 | 17.5 | 13.1 | -12.4% |
| Vietnam | 32.4 | 26.4 | 30.1 | 11.5 | -29.2% |
| Philippines | 7.5 | 13.3 | 10.3 | 3.9 | -19.6% |
| South Korea | 12.3 | 9.7 | 9.3 | 1.7 | -48.3% |
| Others | 89.7 | 133 | 89.6 | 55.4 | -14.8% |
| Total | 572 | 719 | 573 | 350 | -15.1% |
Top Export Markets for Ginger from China in 2022:
- United States (53.8K tons)
- United Arab Emirates (49.4K tons)
- Netherlands (48.7K tons)
- Bangladesh (39.7K tons)
- Malaysia (34.5K tons)
- Japan (27.1K tons)
- Saudi Arabia (23.7K tons)
- United Kingdom (18.4K tons)
- Canada (13.8K tons)
- Vietnam (12.3K tons)
- Pakistan (11.9K tons)
- Philippines (5.3K tons)
- South Korea (3.6K tons)
Ginger Imports in China
In 2022, after three years of growth, there was significant decline in overseas purchases of ginger, when their volume decreased by -64.9% to 3.2K tons. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 408% against the previous year.
In value terms, ginger imports fell dramatically to $1.5M in 2022. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 248%. As a result, imports reached the peak of $12M, and then fell notably in the following year.
| Import of Ginger in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.3 | N/A | N/A | 0.7 | 32.6% |
| Nigeria | 0.1 | 2.4 | 10.2 | 0.6 | 81.7% |
| Vietnam | N/A | N/A | 0.6 | 0.2 | -66.7% |
| India | 0.5 | 0.8 | 1.1 | N/A | 48.3% |
| Others | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Total | 1.1 | 3.5 | 12.0 | 1.5 | 10.9% |
Top Suppliers of Ginger to China in 2022:
- Myanmar (2066.1 tons)
- Nigeria (848.9 tons)
- Vietnam (265.9 tons)
- India (5.8 tons)
This report provides an in-depth analysis of the ginger market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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