
Asia - Ginger - Market Analysis, Forecast, Size, Trends and Insights
Asia: Ginger Market 2023
Ginger Market Size in Asia
The Asian ginger market expanded modestly to $X in 2021, surging by 2.7% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.7% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.
Ginger Production in Asia
In value terms, ginger production rose notably to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 50% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.
The country with the largest volume of ginger production was India (X tons), comprising approx. 55% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, China (X tons), threefold. The third position in this ranking was held by Nepal (X tons), with a 9% share.
In India, ginger production increased at an average annual rate of +10.2% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: China (+2.5% per year) and Nepal (+1.7% per year).
The average ginger yield amounted to X tons per ha in 2021, remaining constant against the previous year's figure. The yield indicated a temperate increase from 2012 to 2021: its figure increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ginger yield decreased by -0.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the yield increased by 29% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2021, approx. X ha of ginger were harvested in Asia; declining by -2.1% on the year before. The harvested area increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 9.2%. Over the period under review, the harvested area dedicated to ginger production attained the maximum at X ha in 2020, and then declined in the following year.
Ginger Exports
Exports in Asia
In 2021, exports of ginger in Asia amounted to X tons, therefore, remained relatively stable against 2020 figures. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.
In value terms, ginger exports shrank to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.8% against 2016 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 43% against the previous year. The level of export peaked at $X in 2020, and then reduced in the following year.
Exports by Country
In 2021, China (X tons) represented the main exporter of ginger, mixing up 64% of total exports. It was distantly followed by India (X tons) and Thailand (X tons), together comprising a 33% share of total exports.
Exports from China increased at an average annual rate of +5.2% from 2012 to 2021. At the same time, India (+20.5%) and Thailand (+9.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +20.5% from 2012-2021. India (+15 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -14.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest ginger supplier in Asia, comprising 72% of total exports. The second position in the ranking was held by India ($X), with a 16% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +9.1%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+13.1% per year) and Thailand (+10.2% per year).
Export Prices by Country
The export price in Asia stood at $X per ton in 2021, waning by -14.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 an increase of 24% against the previous year. The level of export peaked at $X per ton in 2020, and then declined in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced mixed trends in the export price figures.
Ginger Imports
Imports in Asia
In 2021, overseas purchases of ginger increased by 1.5% to X tons, rising for the fourth consecutive year after two years of decline. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.3% against 2017 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 20%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.
In value terms, ginger imports shrank to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 25% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then declined slightly in the following year.
Imports by Country
In 2021, Bangladesh (X tons), distantly followed by Pakistan (X tons), Japan (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Vietnam (X tons) were the major importers of ginger, together achieving 79% of total imports. Yemen (X tons), India (X tons), Singapore (X tons), Thailand (X tons) and China (X tons) followed a long way behind the leaders.
From 2012 to 2021, the biggest increases were in China (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest ginger importing markets in Asia were Japan ($X), Pakistan ($X) and Bangladesh ($X), with a combined 47% share of total imports. These countries were followed by the United Arab Emirates, Malaysia, Saudi Arabia, Vietnam, Singapore, India, Yemen, China and Thailand, which together accounted for a further 38%.
China, with a CAGR of +41.5%, recorded the highest rates of growth with regard to the value of imports, among 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 import price in Asia stood at $X per ton in 2021, dropping by -4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2014 when the import price increased by 24%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+18.3%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the ginger market in Asia. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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