Northern America: Ginger Market 2024

Ginger Market Size in Northern America

After five years of growth, the North American ginger market decreased by X% to $X in 2022. The total consumption indicated a buoyant 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. The level of consumption peaked at $X in 2021, and then fell in the following year.

Ginger Production in Northern America

In value terms, ginger production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The United States (X tons) remains the largest ginger producing country in Northern America, accounting for X% of total volume.

In the United States, ginger production remained relatively stable over the period from 2012-2022.

The average ginger yield dropped modestly to X tons per ha in 2022, leveling off at 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2012; however, from 2013 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.

In 2022, the harvested area of ginger in Northern America was estimated at X ha, standing approx. at the previous year. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to ginger production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Ginger Exports

Exports in Northern America

In 2022, after five years of growth, there was significant decline in shipments abroad of ginger, when their volume decreased by X% to X tons. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, ginger exports shrank to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ginger exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest ginger supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, ginger exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Ginger Imports

Imports in Northern America

In 2022, after ten years of growth, there was decline in purchases abroad of ginger, when their volume decreased by X% to X tons. Total imports indicated a prominent 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 increased by X% against 2012 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, ginger imports reduced markedly to $X in 2022. Overall, imports, however, posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined significantly in the following year.

Imports by Country

The United States was the key importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), creating a X% share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. Canada (X p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported ginger in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, declining by X% against the previous year. Import price indicated a notable expansion 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 import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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