Spain: Ginger Market Overview 2021

Ginger Market Size in Spain

In 2019, the Spanish ginger market was finally on the rise to reach $X for the first time since 2016, thus ending a two-year declining trend. In general, consumption continues to indicate a significant increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Ginger consumption peaked in 2019 and is expected to retain growth in the near future.

Ginger Exports

Exports from Spain

In 2019, shipments abroad of ginger decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2018, and then fell significantly in the following year.

In value terms, ginger exports shrank markedly to $X in 2019. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2018, and then dropped notably in the following year.

Exports by Country

France (X tonnes), the Netherlands (X tonnes) and Portugal (X tonnes) were the main destinations of ginger exports from Spain, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in the Netherlands, while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for ginger exported from Spain worldwide, together accounting for X% of total exports.

The Netherlands saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ginger export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, export price indicated buoyant growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, ginger export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Morocco ($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 the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Spain

In 2019, after two years of decline, there was significant growth in supplies from abroad of ginger, when their volume increased by X% to X tonnes. Overall, imports posted strong growth. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, ginger imports rose sharply to $X in 2019. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of ginger to Spain, with a X% share of total imports. Moreover, ginger imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and the Netherlands (+X% per year).

In value terms, China ($X) constituted the largest supplier of ginger to Spain, comprising X% of total imports. The second position in the ranking was occupied by Peru ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2019, 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: Peru (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average ginger import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, import price indicated a modest increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, ginger import price decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

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) remains the largest ginger consuming country worldwide, comprising approx. 42% of total volume. Moreover, ginger consumption in India exceeded the figures recorded by the second-largest consumer, Nigeria (661K tonnes), threefold. The third position in this ranking was occupied by Nepal (296K tonnes), 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, comprising approx. 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 Spain?

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In value terms, China ($5.7M) constituted the largest supplier of ginger to Spain, comprising 43% of total imports. The second position in the ranking was occupied by Peru ($2.5M), with a 19% share of total imports. It was followed by the Netherlands, with a 8% share.

What are the leading importers of ginger from Spain?

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In value terms, the largest markets for ginger exported from Spain were France ($1.3M), the Netherlands ($843K) and Germany ($495K), together comprising 54% of total exports.

What is the average export price for ginger in Spain?

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The average ginger export price stood at $2,424 per tonne in 2019, falling by -2.5% against the previous year.

What is the average import price for ginger in Spain?

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The average ginger import price stood at $1,498 per tonne in 2019, falling by -4.7% against the previous year.