Canada: Ginger Market 2024

Ginger Market Size in Canada

In 2022, after five years of growth, there was significant decline in the Canadian ginger market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Ginger Exports

Exports from Canada

In 2022, overseas shipments of ginger were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, ginger exports soared to $X in 2022. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for ginger exports from Canada, with a X% share of total exports. Moreover, ginger exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Saint Kitts and Nevis (X% per year).

In value terms, the United States ($X) remains the key foreign market for ginger exports from Canada, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Saint Kitts and Nevis (X% per year).

Export Prices by Country

The average ginger export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ginger export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Saint Kitts and Nevis ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Ginger Imports

Imports into Canada

After ten years of growth, purchases abroad of ginger decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, ginger imports declined sharply to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest ginger supplier to Canada, with a X% share of total imports. Moreover, ginger imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and India (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average ginger import price amounted to $X per ton, falling by X% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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