Malaysia: Ginger Market 2024

Ginger Market Size in Malaysia

In 2022, the Malaysian ginger market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, the total consumption indicated a strong increase 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 decreased by X% against 2020 indices. 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 Malaysia

In value terms, ginger production contracted to $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average ginger yield in Malaysia was estimated at X tons per ha, with an increase of X% against 2021. Over the period under review, 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 decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. Over the period under review, the average ginger yield attained the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The ginger harvested area in Malaysia totaled X ha in 2022, increasing by X% compared with 2021 figures. Over the period under review, the harvested area, however, recorded a slight slump. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the ginger harvested area failed to regain momentum.

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Ginger Exports

Exports from Malaysia

For the fourth consecutive year, Malaysia recorded growth in overseas shipments of ginger, which increased by X% to X tons in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ginger exports soared to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Singapore (X tons) was the main destination for ginger exports from Malaysia, accounting for a X% share of total exports. Moreover, ginger exports to Singapore exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Bangladesh (X% per year).

In value terms, Singapore ($X) remains the key foreign market for ginger exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average ginger export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Malaysia

Ginger imports into Malaysia rose sharply to X tons in 2022, increasing by X% compared with the year before. Over the period under review, total imports indicated a buoyant 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. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, ginger imports declined significantly to $X in 2022. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ginger to Malaysia, with a X% share of total imports. Moreover, ginger imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average ginger import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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