Colombia - Ginger - Market Analysis, Forecast, Size, Trends and Insights

Colombia: Ginger Market Overview 2020

Ginger Market Size in Colombia

The revenue of the ginger market in Colombia amounted to $X in 2018, coming down by -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). In general, ginger consumption, however, continues to indicate a strong expansion. 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 ginger market reached its maximum level at $X in 2017, and then declined slightly in the following year.

Ginger Exports

Exports from Colombia

In 2018, the ginger exports from Colombia stood at X tonnes, declining by -X% against the previous year. Over the period under review, ginger exports continue to indicate a deep setback. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, ginger exports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, ginger exports totaled $X in 2018. In general, ginger exports continue to indicate a deep descent. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Peru (X kg), Spain (X kg) and France (X kg) were the main destinations of ginger exports from Colombia, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Peru, while the other leaders experienced a decline.

In value terms, Spain ($X) remains the key foreign market for ginger exports from Colombia, comprising X% of total ginger exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Spain totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Peru (-X% per year).

Export Prices by Country

In 2018, the average ginger export price amounted to $X per tonne, remaining constant against the previous year. In general, the ginger export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% y-o-y. In that year, the average export prices for ginger attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for ginger remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Spain ($X per tonne), while the average price for exports to Peru ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Ginger Imports

Imports into Colombia

In 2018, the imports of ginger into Colombia amounted to X tonnes, dropping by -X% against the previous year. Over the period under review, ginger imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, ginger imports attained their maximum at X tonnes in 2017, and then declined slightly in the following year.

In value terms, ginger imports totaled $X in 2018. Overall, ginger imports, however, continue to indicate a remarkable expansion. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, ginger imports reached their maximum at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

Peru (X tonnes), Ecuador (X tonnes) and China (X tonnes) were the main suppliers of ginger imports to Colombia.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China, while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual growth rate of value from Peru amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Ecuador (+X% per year).

Import Prices by Country

In 2018, the average ginger import price amounted to $X per tonne, picking up by X% against the previous year. In general, the ginger import price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, 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 AI Platform