Southern Asia: Ginger Market 2024

Ginger Market Size in Southern Asia

The South Asian ginger market fell to $X in 2022, waning by X% against the previous year. Overall, consumption, however, recorded a strong expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Ginger Production in Southern Asia

In value terms, ginger production fell to $X in 2022 estimated in export price. In general, production, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

India (X tons) remains the largest ginger producing country in Southern Asia, accounting for X% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, Nepal (X tons), sevenfold. The third position in this ranking was held by Bangladesh (X tons), with a X% share.

In India, ginger production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Nepal (X% per year) and Bangladesh (X% per year).

The average ginger yield dropped modestly to X tons per ha in 2022, flattening at 2021. Over the period under review, the yield, however, showed strong growth. The growth pace was the most rapid in 2018 when the yield increased by X%. Over the period under review, the ginger yield hit record highs 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.

In 2022, the harvested area of ginger in Southern Asia contracted to X ha, with a decrease of X% compared with 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then dropped in the following year.

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Ginger Exports

Exports in Southern Asia

After three years of growth, overseas shipments of ginger decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then declined notably in the following year.

In value terms, ginger exports declined rapidly to $X in 2022. Overall, exports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

India dominates exports structure, recording X tons, which was near X% of total exports in 2022. Nepal (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the ginger exports, with a CAGR of X% from 2012 to 2022. Nepal (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nepal (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest ginger supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Nepal ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nepal ($X per ton), while India stood at $X per ton.

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

Ginger Imports

Imports in Southern Asia

In 2022, supplies from abroad of ginger decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Total imports indicated noticeable 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 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced remarkably in the following year.

In value terms, ginger imports shrank sharply to $X in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Bangladesh (X tons) and Pakistan (X tons) represented roughly X% of total imports in 2022. It was distantly followed by India (X tons), generating a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Pakistan ($X), Bangladesh ($X) and India ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($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 leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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