Global Ginger Market 2024

Ginger Market Size

In 2022, the global ginger market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value 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, consumption increased by X% against 2014 indices. Global consumption peaked at $X in 2021, and then dropped slightly in the following year.

Ginger Production

In value terms, ginger production stood at $X in 2022 estimated in export price. Overall, production showed a slight decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest ginger producing country worldwide, accounting for X% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, Nigeria (X tons), threefold. China (X tons) ranked third in terms of total production with a X% share.

In India, ginger production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and China (X% per year).

The global average ginger yield reduced slightly to X tons per ha in 2022, remaining relatively unchanged against 2021. In general, the yield indicated a notable increase from 2012 to 2022: its figure 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 yield increased by X% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the average ginger yield hit record highs at X tons per ha in 2021, and then contracted modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global ginger harvested area dropped modestly to X ha in 2022, waning by X% on the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The global harvested area peaked at X ha in 2021, and then reduced slightly in the following year.

Ginger Exports

Exports

After three years of growth, shipments abroad of ginger decreased by X% to X tons in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its volume 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 growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the global exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, ginger exports declined sharply to $X in 2022. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the global exports failed to regain momentum.

Exports by Country

China was the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Thailand (X tons), India (X tons), the Netherlands (X tons), Peru (X tons) and the United Arab Emirates (X tons), together constituting a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ginger exports from China stood at X%. At the same time, Peru (X%), the United Arab Emirates (X%), Thailand (X%), the Netherlands (X%) and India (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Nigeria experienced a relatively flat trend pattern. From 2012 to 2022, the share of Peru, Thailand, the United Arab Emirates, India and the Netherlands increased by X, X, X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest ginger supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of global exports. It was followed by India, with a X% share.

In China, ginger exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average ginger export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a slight shrinkage. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while Thailand ($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 United Arab Emirates (X%), while the other global leaders experienced mixed trends in the export price figures.

Ginger Imports

Imports

In 2022, supplies from abroad of ginger decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, total imports indicated buoyant growth from 2012 to 2022: its volume 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 appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, ginger imports contracted sharply to $X in 2022. Over the period under review, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Global imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of ginger imports in 2022 were the United States (X tons), Bangladesh (X tons), the Netherlands (X tons), Pakistan (X tons), Japan (X tons) and Malaysia (X tons), together reaching X% of total import. Germany (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), the UK (X tons), India (X tons), Canada (X tons) and Yemen (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Germany (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest ginger importing markets worldwide were the Netherlands ($X), the United States ($X) and Japan ($X), together comprising X% of global imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ginger import price amounted to $X per ton, which is down 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 2014 when the average import price increased by X% against the previous year. 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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