Colombia: Ginger Market Overview 2021

Ginger Market Size in Colombia

The Colombian ginger market dropped rapidly to $X in 2019, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a perceptible curtailment. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Ginger Exports

Exports from Colombia

In 2019, overseas shipments of ginger increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. Over the period under review, exports saw noticeable growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, ginger exports surged to $X in 2019. Overall, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

Spain (X tonnes), Germany (X tonnes) and Slovenia (X tonnes) were the main destinations of ginger exports from Colombia, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Slovenia ($X) appeared to be the largest markets for ginger exported from Colombia worldwide, together accounting for X% of total exports.

Slovenia (+X% per year) saw the highest rates of growth with regard to 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 2019, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Slovenia ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia, while the prices for the other major destinations experienced a decline.

Ginger Imports

Imports into Colombia

In 2019, the amount of ginger imported into Colombia dropped sharply to X tonnes, reducing by -X% on the previous year's figure. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2009 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, ginger imports reduced dramatically to $X in 2019. Overall, imports enjoyed mild growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at $X in 2018, and then declined notably in the following year.

Imports by Country

In 2019, Peru (X tonnes) constituted the largest supplier of ginger to Colombia, accounting for a X% share of total imports. Moreover, ginger imports from Peru exceeded the figures recorded by the second-largest supplier, Ecuador (X tonnes), twofold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Peru stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-X% per year) and China (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2019, the average ginger import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is expected to retain growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ecuador, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ginger in the world?

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The country with the largest volume of ginger consumption was India (1.8M tonnes), accounting for 42% of total volume. Moreover, ginger consumption in India exceeded the figures recorded by the second-largest consumer, Nigeria (661K tonnes), threefold. The third position in this ranking was occupied by Nepal (296K tonnes), with a 7% share.

What are the largest producers of ginger in the world?

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India (1.8M tonnes) remains the largest ginger producing country worldwide, comprising approx. 44% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, Nigeria (691K tonnes), threefold. China (581K tonnes) ranked third in terms of total production with a 14% share.

What are the leading suppliers of ginger to Colombia?

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In value terms, China ($39K) constituted the largest supplier of ginger to Colombia, comprising 43% of total imports. The second position in the ranking was occupied by Peru ($14K), with a 16% share of total imports. It was followed by the U.S., with a 14% share.

What are the leading importers of ginger from Colombia?

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In value terms, Spain ($40K), Germany ($31K) and Slovenia ($25K) constituted the largest markets for ginger exported from Colombia worldwide, with a combined 92% share of total exports.

What is the average export price for ginger in Colombia?

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In 2019, the average ginger export price amounted to $2,202 per tonne, growing by 16% against the previous year.

What is the average import price for ginger in Colombia?

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In 2019, the average ginger import price amounted to $505 per tonne, growing by 37% against the previous year.