Brazil: Ginger Market Overview 2021

Ginger Market Size in Brazil

For the third consecutive year, the Brazilian ginger market recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market remained at a somewhat lower figure.

Ginger Production in Brazil

In value terms, ginger production rose to $X in 2020 estimated in export prices. Overall, the total production indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2015 to 2020, production growth failed to regain the momentum.

The average yield of ginger in Brazil amounted to X kg per ha in 2020, approximately mirroring the previous year's figure. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of ginger were harvested in Brazil; approximately equating 2019. Over the period under review, the harvested area saw a relatively flat trend pattern.

Ginger Exports

Exports from Brazil

In 2020, exports of ginger from Brazil expanded notably to X tonnes, increasing by X% on the year before. In general, exports saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, ginger exports soared to $X in 2020. Overall, exports recorded a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

The U.S. (X tonnes), the Netherlands (X tonnes) and Argentina (X tonnes) were the main destinations of ginger exports from Brazil, with a combined X% share of total exports. These countries were followed by the UK, Russia, Italy and Spain, which together accounted for a further X 2007 to 2020, the biggest increases were in Russia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the Netherlands ($X) and Argentina ($X) appeared to be the largest markets for ginger exported from Brazil worldwide, with a combined X% share of total exports. These countries were followed by the UK, Russia, Italy and Spain, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ginger export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, the export price recorded perceptible growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Spain ($X per tonne), while the average price for exports to Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Brazil

Ginger imports into Brazil surged to X tonnes in 2020, jumping by X% against 2019. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, ginger imports surged to $X in 2020. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to see gradual growth in years to come.

Imports by Country

In 2020, Peru (X tonnes) constituted the largest ginger supplier to Brazil, accounting for a X% share of total imports. Moreover, ginger imports from Peru exceeded the figures recorded by the second-largest supplier, China (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Nigeria (+X% per year).

In value terms, Peru ($X) constituted the largest supplier of ginger to Brazil, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Peru stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Nigeria (+X% per year).

Import Prices by Country

The average ginger import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the import price, however, showed measured growth. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Nigeria ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform