South Africa - Ginger - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGinger Price in South Africa - 2023
Contents:
- Ginger Price in South Africa (CIF) - 2023
- Ginger Price in South Africa (FOB) - 2023
- Ginger Imports in South Africa
- Ginger Exports in South Africa
Ginger Price in South Africa (CIF) - 2023
The average ginger import price stood at $1,659 per ton in July 2023, picking up by 6% against the previous month. Over the period under review, import price indicated pronounced growth from July 2022 to July 2023: its price increased at an average monthly rate of +4.7% 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 +55.1% against March 2023 indices. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 35% m-o-m. The import price peaked at $1,673 per ton in February 2023; afterwards, it flattened through to July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($2,273 per ton), while the price for Vietnam ($895 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 China (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Ginger Price in South Africa (FOB) - 2023
In July 2023, the average ginger export price amounted to $4,169 per ton, increasing by 48% against the previous month. Overall, export price indicated buoyant growth from July 2022 to July 2023: its price increased at an average monthly rate of +5.6% 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 increased by +70.5% against March 2023 indices. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 75% against the previous month. The export price peaked at $4,352 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Botswana ($5,511 per ton), while the average price for exports to Lesotho ($1,453 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 Swaziland (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ginger Imports in South Africa
In 2022, after three years of growth, there was significant decline in supplies from abroad of ginger, when their volume decreased by -37.2% to 2.9K tons. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 127%.
In value terms, ginger imports fell significantly to $3.8M in 2022. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 216% against the previous year. As a result, imports reached the peak of $8.3M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Ginger in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 896 | 2,857 | 2,186 | 1,562 | 20.4% |
| China | 824 | 2,798 | 2,561 | 857 | 1.3% |
| India | 482 | 915 | 800 | 558 | 5.0% |
| Mozambique | N/A | 96.0 | 724 | 396 | 103.1% |
| Thailand | 273 | 528 | 540 | 224 | -6.4% |
| Brazil | 25.0 | 226 | 167 | 86.1 | 51.0% |
| Others | 128 | 872 | 647 | 109 | -5.2% |
| Total | 2,628 | 8,292 | 7,625 | 3,793 | 13.0% |
Top Suppliers of Ginger to South Africa in 2022:
- China (1122.2 tons)
- Nigeria (808.1 tons)
- Mozambique (484.8 tons)
- India (228.8 tons)
- Thailand (148.2 tons)
- Brazil (63.0 tons)
Ginger Exports in South Africa
In 2022, shipments abroad of ginger decreased by -40.1% to 624 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 59%.
In value terms, ginger exports contracted sharply to $1.9M in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 90%.
| Export of Ginger in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 9.1 | N/A | 132 | 511 | 282.9% |
| Namibia | 140 | 413 | 354 | 327 | 32.7% |
| Botswana | 672 | 1,101 | 1,799 | 297 | -23.8% |
| Netherlands | 1.2 | 385 | 150 | 185 | 436.2% |
| Zambia | 109 | 67.9 | 112 | 174 | 16.9% |
| Lesotho | 306 | 382 | 333 | 162 | -19.1% |
| Swaziland | 88.3 | 190 | 212 | 111 | 7.9% |
| Mozambique | 51.3 | 54.1 | 64.6 | 27.8 | -18.5% |
| Others | 93.6 | 206 | 85.8 | 84.9 | -3.2% |
| Total | 1,471 | 2,798 | 3,243 | 1,880 | 8.5% |
Top Export Markets for Ginger from South Africa in 2022:
- Canada (180.3 tons)
- Namibia (156.8 tons)
- Botswana (67.9 tons)
- Lesotho (57.1 tons)
- Zambia (51.8 tons)
- Swaziland (48.1 tons)
- Netherlands (27.2 tons)
- Mozambique (10.6 tons)
This report provides an in-depth analysis of the ginger market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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