Germany - Ginger - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGinger Price in Germany - 2023
Contents:
- Ginger Price in Germany (CIF) - 2023
- Ginger Price in Germany (FOB) - 2023
- Ginger Imports in Germany
- Ginger Exports in Germany
Ginger Price in Germany (CIF) - 2023
In July 2023, the average ginger import price amounted to $3,734 per ton, growing by 2.3% against the previous month. In general, import price indicated a measured increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, ginger import price increased by +30.8% against January 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 21% month-to-month. Over the period under review, average import prices hit record highs in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($4,483 per ton), while the price for Peru ($2,347 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Uganda (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Ginger Price in Germany (FOB) - 2023
The average ginger export price stood at $4,383 per ton in July 2023, picking up by 11% against the previous month. Over the period under review, export price indicated a tangible expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, ginger export price decreased by -1.8% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 52% m-o-m. The export price peaked at $4,464 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($9,633 per ton), while the average price for exports to the Netherlands ($3,266 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ginger Imports in Germany
For the fourth year in a row, Germany recorded growth in purchases abroad of ginger, which increased by 5.4% to 38K tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, ginger imports fell to $93M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year.
| Import of Ginger in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.7 | 48.4 | 57.9 | 44.1 | 78.9% |
| China | 30.2 | 11.3 | 19.8 | 18.1 | -15.7% |
| Nigeria | 7.8 | 4.3 | 8.4 | 12.3 | 16.4% |
| Peru | 8.5 | 5.4 | 5.7 | 5.2 | -15.1% |
| Spain | 0.2 | 3.0 | 2.4 | 2.3 | 125.7% |
| Belgium | N/A | 1.6 | 0.7 | 1.2 | -13.4% |
| Others | 7.8 | 10.7 | 8.8 | 9.9 | 8.3% |
| Total | 62.2 | 84.7 | 104 | 93.1 | 14.4% |
Top Suppliers of Ginger to Germany in 2022:
- Netherlands (17.5K tons)
- China (9.2K tons)
- Nigeria (4.7K tons)
- Peru (2.6K tons)
- Spain (0.9K tons)
- Belgium (0.6K tons)
Ginger Exports in Germany
For the fourth year in a row, Germany recorded growth in shipments abroad of ginger, which increased by 14% to 8.5K tons in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, ginger exports reduced to $27M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $31M, and then shrank in the following year.
| Export of Ginger in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.2 | 2.5 | 9.6 | 9.1 | 96.5% |
| Poland | 2.8 | 3.9 | 4.6 | 3.9 | 11.7% |
| United States | 1.6 | 2.3 | 2.4 | 2.6 | 17.6% |
| Austria | 1.2 | 1.4 | 2.4 | 2.0 | 18.6% |
| United Kingdom | 1.8 | 2.0 | 1.9 | 1.6 | -3.9% |
| Czech Republic | 0.9 | 1.2 | 1.2 | 1.0 | 3.6% |
| Sweden | 0.7 | 1.0 | 1.2 | 0.7 | 0.0% |
| France | 0.6 | 0.8 | 0.8 | 0.7 | 5.3% |
| Switzerland | 0.3 | 0.4 | 0.5 | 0.7 | 32.6% |
| Finland | 0.4 | 0.7 | 0.7 | 0.5 | 7.7% |
| Albania | 0.4 | 0.4 | 0.3 | 0.4 | 0.0% |
| Slovakia | 0.3 | 0.5 | 0.6 | 0.4 | 10.1% |
| Others | 3.4 | 3.5 | 4.4 | 3.4 | 0.0% |
| Total | 15.7 | 20.7 | 30.7 | 26.9 | 19.7% |
Top Export Markets for Ginger from Germany in 2022:
- Netherlands (4490.2 tons)
- Poland (979.8 tons)
- Austria (502.2 tons)
- United States (323.2 tons)
- Czech Republic (312.8 tons)
- Sweden (288.9 tons)
- United Kingdom (265.7 tons)
- Finland (165.0 tons)
- France (142.1 tons)
- Switzerland (133.3 tons)
- Slovakia (129.6 tons)
- Albania (126.0 tons)
This report provides an in-depth analysis of the ginger market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
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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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