Ginger Market - China’s Ginger Exports Surged 37% in 2014

Spices, Aromatic, Drug And Pharmaceutical Crops September 28, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

ginger market

China dominates in the global ginger trade. In 2014, China exported 262 thousand tonnes of ginger totaling 549 million USD, 37% over the previous year. Its primary trading partner on the global ginger market was the U.S., where it supplied 16% of its total ginger exports in value terms, accounting for 72% of the U.S. total imports.

From 2007 to 2014, China was a net exporter of ginger. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced, except for 2007, 2008, 2012 and 2013 when high import prices made this difference more pronounced.

The Netherlands and India were among the other main global suppliers of ginger in 2014. However, the fastest growing exporters from 2007 to 2014 were Peru (+86% per year) and Indonesia (+63% per year). The Netherlands significantly strengthened its position in the global export structure.

In 2014, China's top 5 trading partners were the U.S., the Netherlands, Japan, the United Arab Emirates and Malaysia, with a combined 62% share of China's ginger exports. The share of the Netherlands increased significantly (+12 percentage points), while the share of Japan illustrated negative dynamics (-12 percentage points).

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Source: World: Ginger - Market Report. Analysis And Forecast To 2020