Romania: Ginger Market Overview 2021

Ginger Market Size in Romania

In 2019, the Romanian ginger market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Ginger consumption peaked at $X in 2017; afterwards, it flattened through to 2019.

Ginger Exports

Exports from Romania

In 2019, shipments abroad of ginger increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, ginger exports soared to $X in 2019. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see gradual growth in the immediate term.

Exports by Country

Moldova (X tonnes), Poland (X tonnes) and Italy (X tonnes) were the main destinations of ginger exports from Romania, with a combined X% share of total exports. France, Hungary and Germany lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for ginger exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by Moldova, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Moldova (+X% per year).

Export Prices by Country

In 2019, the average ginger export price amounted to $X per tonne, jumping by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average export prices hit record highs in 2019 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Italy ($X per tonne), while the average price for exports to Moldova ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Romania

In 2019, purchases abroad of ginger decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, ginger imports rose to $X in 2019. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are likely to see gradual growth in the near future.

Imports by Country

China (X tonnes), the Netherlands (X tonnes) and the Czech Republic (X tonnes) were the main suppliers of ginger imports to Romania, together accounting for X% of total imports. Hungary, the UK, Belgium and Italy lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ginger suppliers to Romania were the Netherlands ($X), China ($X) and the Czech Republic ($X), with a combined X% share of total imports.

In terms of the main suppliers, the Czech Republic (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ginger import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price, however, recorded a mild descent. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ginger in the world?

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India (1.8M tonnes) constituted the country with the largest volume of ginger consumption, comprising approx. 42% of total volume. Moreover, ginger consumption in India exceeded the figures recorded by the second-largest consumer, Nigeria (661K tonnes), threefold. Nepal (296K tonnes) ranked third in terms of total consumption with a 7% share.

What are the largest producers of ginger in the world?

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India (1.8M tonnes) remains the largest ginger producing country worldwide, accounting for 44% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, Nigeria (691K tonnes), threefold. China (581K tonnes) ranked third in terms of total production with a 14% share.

What are the leading suppliers of ginger to Romania?

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In value terms, the largest ginger suppliers to Romania were the Netherlands ($534K), China ($488K) and the Czech Republic ($230K), with a combined 61% share of total imports.

What are the leading importers of ginger from Romania?

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In value terms, Italy ($31K) emerged as the key foreign market for ginger exports from Romania, comprising 48% of total exports. The second position in the ranking was occupied by Poland ($13K), with a 20% share of total exports. It was followed by Moldova, with a 13% share.

What is the average export price for ginger in Romania?

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In 2019, the average ginger export price amounted to $7,208 per tonne, jumping by 54% against the previous year.

What is the average import price for ginger in Romania?

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In 2019, the average ginger import price amounted to $2,068 per tonne, with an increase of 8.2% against the previous year.