Turkey: Ginger Market 2024

Ginger Market Size in Turkey

The Turkish ginger market reduced to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Ginger Exports

Exports from Turkey

After two years of growth, overseas shipments of ginger decreased by X% to X tons in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, ginger exports reduced remarkably to $X in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted notably in the following year.

Exports by Country

Syrian Arab Republic (X tons), Egypt (X tons) and Azerbaijan (X tons) were the main destinations of ginger exports from Turkey, with a combined X% share of total exports. Morocco, the UK, Libya, Germany, Iraq, Cyprus, Lebanon, France, Iran and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ginger exported from Turkey were Syrian Arab Republic ($X), Egypt ($X) and the UK ($X), together accounting for X% of total exports. Morocco, Azerbaijan, Germany, France, Cyprus, Sweden, Libya, Iraq, Iran and Lebanon lagged somewhat behind, together accounting for a further X%.

Libya, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average ginger export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Turkey

In 2022, imports of ginger into Turkey declined to X tons, falling by X% against the previous year's figure. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ginger imports shrank to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

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

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Nigeria (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, import 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. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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