U.S.: Ginger Market 2023

Ginger Market Size in the U.S.

After four years of growth, the U.S. ginger market decreased by -1.2% to $X in 2021. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.3% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced in the following year.

Ginger Production in the U.S.

In value terms, ginger production amounted to $X in 2021. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average yield of ginger in the United States amounted to X tons per ha, approximately equating the previous year's figure. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 3.6%. The ginger yield peaked at X tons per ha in 2012; however, from 2013 to 2021, 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.

In 2021, the harvested area of ginger in the United States was estimated at X ha, standing approx. at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 5.3% against the previous year. Over the period under review, the harvested area dedicated to ginger production attained the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Ginger Exports

Exports from the U.S.

For the fifth consecutive year, the United States recorded growth in shipments abroad of ginger, which increased by 32% to X tons in 2021. Overall, exports saw a strong increase. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, ginger exports surged to $X in 2021. In general, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Canada (X tons) was the main destination for ginger exports from the United States, accounting for a 84% share of total exports. Moreover, ginger exports to Canada exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. India (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+39.3% per year) and India (+4.4% per year).

In value terms, Canada ($X) remains the key foreign market for ginger exports from the United States, comprising 85% of total exports. The second position in the ranking was held by Japan ($X), with a 2.4% share of total exports. It was followed by Mexico, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+27.4% per year) and Mexico (+19.3% per year).

Export Prices by Country

The average ginger export price stood at $X per ton in 2021, waning by -5.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 25%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.1%), while the prices for the other major destinations experienced a decline.

Ginger Imports

Imports into the U.S.

For the tenth consecutive year, the United States recorded growth in overseas purchases of ginger, which increased by 2.1% to X tons in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.4% against 2012 indices. The pace of growth was the most pronounced in 2015 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, ginger imports reduced modestly to $X in 2021. Overall, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell modestly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ginger to the United States, accounting for a 55% share of total imports. Moreover, ginger imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+39.3% per year) and Brazil (+19.1% per year).

In value terms, China ($X), Peru ($X) and Brazil ($X) appeared to be the largest ginger suppliers to the United States, together accounting for 77% of total imports.

In terms of the main suppliers, Peru, with a CAGR of +33.0%, recorded the highest growth rate of 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

In 2021, the average ginger import price amounted to $X per ton, waning by -3.2% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 62%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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