Asia: Ginger Market Overview 2021

Ginger Market Size in Asia

The Asian ginger market totaled $X in 2020, picking up by X% against the previous year. In general, consumption showed a resilient increase. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Ginger Production in Asia

In value terms, ginger production surged to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. from 2019 to 2020, production growth remained at a somewhat lower figure.

India (X tonnes) remains the largest ginger producing country in Asia, accounting for X% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, China (X tonnes), threefold. The third position in this ranking was occupied by Nepal (X tonnes), with a X% share.

In India, ginger production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and Nepal (+X% per year).

The average ginger yield rose sharply to X tonnes per ha in 2020, growing by X% against 2019. The yield indicated moderate growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, ginger yield increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2018 when the yield increased by X% year-to-year. Over the period under review, the ginger yield hit record highs in 2020 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of ginger in Asia rose modestly to X ha, picking up by X% against the previous year. The total harvested area indicated pronounced growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the harvested area increased by X% against the previous year. The level of harvested area peaked in 2020 and is likely to see steady growth in years to come.

Production By Country in Asia

India (X tonnes) remains the largest ginger producing country in Asia, accounting for X% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, China (X tonnes), threefold. The third position in this ranking was occupied by Nepal (X tonnes), with a X% share.

In India, ginger production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and Nepal (+X% per year).

Ginger Exports

Exports in Asia

In 2020, overseas shipments of ginger increased by X% to X tonnes, rising for the seventh consecutive year after two years of decline. Total exports indicated a buoyant increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, ginger exports surged to $X in 2020. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in years to come.

Exports by Country

China represented the main exporting country with an export of about X tonnes, which resulted at X% of total exports. It was distantly followed by India (X tonnes) and Thailand (X tonnes), together creating a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to ginger exports from China stood at +X%. At the same time, India (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. India (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, China ($X) remains the largest ginger supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

In China, ginger exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The ginger export price in Asia stood at $X per tonne in 2020, growing by X% against the previous year. Export price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, ginger export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. The level of export peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was China ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Ginger Imports

Imports in Asia

After two years of growth, purchases abroad of ginger decreased by -X% to X tonnes in 2020. Total imports indicated noticeable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. The volume of import peaked at X tonnes in 2019, and then contracted slightly in the following year.

In value terms, ginger imports surged to $X in 2020. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The level of import peaked in 2020 and is expected to retain growth in years to come.

Imports by Country

In 2020, Bangladesh (X tonnes), distantly followed by Pakistan (X tonnes), Japan (X tonnes), Malaysia (X tonnes), the United Arab Emirates (X tonnes) and Saudi Arabia (X tonnes) represented the major importers of ginger, together comprising X% of total imports. India (X tonnes), Indonesia (X tonnes), the Philippines (X tonnes), Singapore (X tonnes), Thailand (X tonnes) and South Korea (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Indonesia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Pakistan ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports. These countries were followed by Malaysia, the United Arab Emirates, Saudi Arabia, Singapore, India, Indonesia, the Philippines, South Korea and Thailand, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The ginger import price in Asia stood at $X per tonne in 2020, jumping by X% against the previous year. Import price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, ginger import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ginger in Asia?

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India (1.9M tonnes) constituted the country with the largest volume of ginger consumption, accounting for 59% of total volume. Moreover, ginger consumption in India exceeded the figures recorded by the second-largest consumer, Nepal (307K tonnes), sixfold. Bangladesh (214K tonnes) ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of ginger in Asia?

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The country with the largest volume of ginger production was India (2M tonnes), comprising approx. 58% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, China (615K tonnes), threefold. Nepal (313K tonnes) ranked third in terms of total production with a 8.9% share.

What are the leading exporters of ginger in Asia?

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In value terms, China ($719M) remains the largest ginger supplier in Asia, comprising 79% of total exports. The second position in the ranking was occupied by India ($95M), with a 10% share of total exports.

What are the leading importers of ginger in Asia?

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In value terms, the largest ginger importing markets in Asia were Japan ($107M), Pakistan ($94M) and Bangladesh ($85M), with a combined 49% share of total imports. These countries were followed by Malaysia, the United Arab Emirates, Saudi Arabia, Singapore, India, Indonesia, the Philippines, South Korea and Thailand, which together accounted for a further 42%.

What is the average export price for ginger in Asia?

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The ginger export price in Asia stood at $1,191 per tonne in 2020, rising by 11% against the previous year.

What is the average import price for ginger in Asia?

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The ginger import price in Asia stood at $1,128 per tonne in 2020, with an increase of 18% against the previous year.