Mexico: Ginger Market 2024

Ginger Market Size in Mexico

After two years of growth, the Mexican ginger market decreased by X% to $X in 2022. In general, consumption, however, posted a resilient increase. Ginger consumption peaked at $X in 2021, and then declined in the following year.

Ginger Production in Mexico

In value terms, ginger production rose notably to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Ginger production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average ginger yield in Mexico dropped to X tons per ha, remaining stable against the previous year's figure. In general, the yield indicated tangible growth 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 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. The ginger yield peaked at X tons per ha in 2019; however, from 2020 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 Mexico reached X ha in 2022, stabilizing at the previous year. In general, the harvested area recorded a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to ginger production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Ginger Exports

Exports from Mexico

In 2022, overseas shipments of ginger were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ginger exports expanded markedly to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for ginger exports from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) also remains the key foreign market for ginger exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%.

Export Prices by Country

The average ginger export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price 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 export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Ginger Imports

Imports into Mexico

In 2022, supplies from abroad of ginger decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then plummeted in the following year.

In value terms, ginger imports shrank markedly to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of ginger to Mexico, with a X% share of total imports. Moreover, ginger imports from Peru exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by China (X tons), with a X% share.

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

In value terms, Peru ($X) constituted the largest supplier of ginger to Mexico, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

The average ginger import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price recorded a noticeable downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($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 States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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