Sri Lanka: Ginger Market 2024

Ginger Market Size in Sri Lanka

In 2022, the Sri Lankan ginger market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, enjoyed a prominent increase. Ginger consumption peaked at $X in 2021, and then shrank in the following year.

Ginger Production in Sri Lanka

In value terms, ginger production rose remarkably to $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Ginger production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of ginger in Sri Lanka shrank to X tons per ha, with a decrease of X% on the previous year's figure. Overall, the yield indicated a strong increase from 2012 to 2022: its figure 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 yield increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average ginger yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ginger were harvested in Sri Lanka; waning by X% against the previous year. In general, the harvested area, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The ginger harvested area peaked at X ha in 2021, and then declined in the following year.

Ginger Exports

Exports from Sri Lanka

In 2022, after two years of growth, there was decline in overseas shipments of ginger, when their volume decreased by X% to X tons. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, ginger exports surged to $X in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X tons), France (X tons) and the UK (X tons) were the main destinations of ginger exports from Sri Lanka, with a combined X% share of total exports. The United States, Saudi Arabia, Germany, Belgium, India, Australia, the United Arab Emirates, Japan and Switzerland 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 Belgium (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 Sri Lanka were Ghana ($X), the United States ($X) and France ($X), together accounting for X% of total exports. Australia, India, Switzerland, Japan, the UK, Saudi Arabia, Germany, the United Arab Emirates and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 ton in 2022, jumping by X% against the previous year. Overall, export price indicated a temperate expansion 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belgium ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Sri Lanka

In 2022, overseas purchases of ginger decreased by X% to X kg, falling for the fourth year in a row after three years of growth. Over the period under review, imports showed a precipitous setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ginger imports declined remarkably to $X in 2022. Overall, imports recorded a sharp setback. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X kg) was the main ginger supplier to Sri Lanka, with a X% share of total imports. It was followed by Myanmar (X kg), with a X% share of total imports.

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

In value terms, Singapore ($X) constituted the largest supplier of ginger to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Myanmar ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore amounted to X%.

Import Prices by Country

The average ginger import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Myanmar totaled $X per ton.

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

Source: IndexBox Platform

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