EU: Ginger Market 2024

Ginger Market Size in the EU

In 2022, the EU ginger market decreased by X% to $X, falling for the second year in a row after five years of growth. Overall, consumption saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ginger Production in the EU

In value terms, ginger production stood at $X in 2022 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X,993,650% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Lithuania (X tons) constituted the country with the largest volume of ginger production, comprising approx. X% of total volume. Moreover, ginger production in Lithuania exceeded the figures recorded by the second-largest producer, Slovenia (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume in Lithuania was relatively modest.

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Ginger Exports

Exports in the EU

After six years of growth, shipments abroad of ginger decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, ginger exports fell rapidly to $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

The Netherlands represented the main exporting country with an export of about X tons, which finished at X% of total exports. Germany (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%). The following exporters - Poland (X tons) and Belgium (X tons) - each recorded a X% share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Germany (X%), Poland (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Germany (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest ginger supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Ginger Imports

Imports in the EU

In 2022, purchases abroad of ginger decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, ginger imports shrank markedly to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined significantly in the following year.

Imports by Country

The Netherlands was the major importing country with an import of about X tons, which amounted to X% of total imports. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Spain (X%) and France (X%). Poland (X tons), Italy (X tons), Belgium (X tons) and Sweden (X tons) took a minor share of total imports.

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Italy (X%), Spain (X%), Poland (X%), Germany (X%), Sweden (X%), Belgium (X%) and France (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Germany increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ginger importing markets in the European Union were the Netherlands ($X), Germany ($X) and France ($X), together comprising X% of total imports. Spain, Poland, Italy, Sweden and Belgium lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then contracted rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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