MERCOSUR: Ginger Market 2024

Ginger Market Size in MERCOSUR

In 2022, the MERCOSUR ginger market was finally on the rise to reach $X after four years of decline. The total consumption indicated moderate 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ginger Production in MERCOSUR

In value terms, ginger production rose to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Peru (X tons), Brazil (X tons) and Guyana (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Guyana (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average ginger yield reached X tons per ha in 2022, approximately mirroring 2021 figures. In general, the yield, however, recorded a slight reduction. The pace of growth was the most pronounced in 2014 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the ginger 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 total area harvested in terms of ginger production in MERCOSUR was estimated at X ha, approximately mirroring the year before. Overall, the harvested area showed resilient growth. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Ginger Exports

Exports in MERCOSUR

After six years of growth, overseas shipments of ginger decreased by X% to X tons in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted significantly in the following year.

In value terms, ginger exports fell notably to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

In 2022, Peru (X tons) represented the key exporter of ginger, constituting X% of total exports. It was distantly followed by Brazil (X tons), constituting a X% share of total exports. Ecuador (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Brazil ($X) and Ecuador ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Ginger Imports

Imports in MERCOSUR

In 2022, imports of ginger in MERCOSUR reduced to X tons, falling by X% on the year before. Overall, imports, however, showed a prominent increase. The growth pace was 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 lower figure.

In value terms, ginger imports contracted to $X in 2022. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Argentina (X tons) and Chile (X tons) were the key importers of ginger in MERCOSUR, together comprising X% of total imports. Colombia (X tons) ranks next in terms of the total imports with a X% share, followed by Brazil (X%) and Uruguay (X%).

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constitutes the largest market for imported ginger in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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