Denmark: Ginger Market Overview 2021

Ginger Market Size in Denmark

The Danish ginger market contracted slightly to $X in 2019, remaining relatively unchanged 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, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Ginger Exports

Exports from Denmark

In 2019, shipments abroad of ginger decreased by -X% to X tonnes for the first time since 2013, thus ending a five-year rising trend. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Exports peaked at X tonnes in 2018, and then fell modestly in the following year.

In value terms, ginger exports expanded significantly to $X in 2019. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in the near future.

Exports by Country

Norway (X tonnes), Sweden (X tonnes) and the Netherlands (X tonnes) were the main destinations of ginger exports from Denmark, together accounting for X% of total exports. Germany, Iceland, the UK and Faroe Islands lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and the UK ($X) appeared to be the largest markets for ginger exported from Denmark worldwide, together accounting for X% of total exports.

Among the main countries of destination, the UK (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average ginger export price amounted to $X per tonne, increasing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2019 and is likely to continue growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Faroe Islands ($X per tonne), while the average price for exports to the Netherlands ($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 Germany, while the prices for the other major destinations experienced mixed trend patterns.

Ginger Imports

Imports into Denmark

Ginger imports into Denmark fell modestly to X tonnes in 2019, almost unchanged from the previous year's figure. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2015 to 2019, the growth imports remained at a lower figure.

In value terms, ginger imports dropped slightly to $X in 2019. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2015 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest supplier of ginger to Denmark, accounting for a X% share of total imports. Moreover, ginger imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

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

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

From 2007 to 2019, the average annual growth rate of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average ginger import price stood at $X per tonne in 2019, flattening at the previous year. Overall, the import price recorded a mild curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ginger in the world?

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India (1.8M tonnes) remains the largest ginger consuming country worldwide, 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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The country with the largest volume of ginger production was India (1.8M tonnes), accounting for 44% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, Nigeria (691K tonnes), threefold. The third position in this ranking was occupied by China (581K tonnes), with a 14% share.

What are the leading suppliers of ginger to Denmark?

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In value terms, the Netherlands ($3.2M) constituted the largest supplier of ginger to Denmark, comprising 54% of total imports. The second position in the ranking was occupied by China ($1.2M), with a 20% share of total imports. It was followed by Germany, with a 14% share.

What are the leading importers of ginger from Denmark?

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In value terms, Norway ($284K), Sweden ($210K) and the UK ($121K) were the largest markets for ginger exported from Denmark worldwide, with a combined 60% share of total exports.

What is the average export price for ginger in Denmark?

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In 2019, the average ginger export price amounted to $2,735 per tonne, increasing by 11% against the previous year.

What is the average import price for ginger in Denmark?

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In 2019, the average ginger import price amounted to $1,970 per tonne, approximately reflecting the previous year.