U.S.: Ginger Market 2024

Ginger Market Size in the U.S.

In 2022, the U.S. ginger market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, the total consumption indicated strong growth 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ginger Production in the U.S.

In value terms, ginger production stood at $X in 2022. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The average yield of ginger in the United States shrank modestly to X tons per ha in 2022, standing approx. at the year before. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X% against the previous year. The ginger yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The ginger harvested area in the United States was estimated at X ha in 2022, approximately equating the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 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 failed to regain momentum.

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Ginger Exports

Exports from the U.S.

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, posted resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, ginger exports contracted to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Canada (X tons) was the main destination for ginger exports from the United States, accounting for a X% share of total exports. Moreover, ginger exports to Canada exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%.

In value terms, Canada ($X) remains the key foreign market for ginger exports from the United States, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average ginger export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Japan totaled $X per ton.

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

Ginger Imports

Imports into the U.S.

In 2022, after ten years of growth, there was decline in purchases abroad of ginger, when their volume decreased by X% to X tons. Over the period under review, total imports indicated a resilient 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 pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, ginger imports declined remarkably to $X in 2022. In general, total imports indicated a prominent expansion 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ginger to the United States, accounting for a X% share of total imports. Moreover, ginger imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with an X% share.

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

In value terms, the largest ginger suppliers to the United States were China ($X), Peru ($X) and Brazil ($X), together accounting for X% of total imports. India, Nigeria, Mexico, Thailand and Costa Rica lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 ton in 2022, waning by X% against the previous year. In general, import price indicated a pronounced 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. 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 average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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