India - Ginger - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGinger Price in India - 2023
Contents:
- Ginger Price in India (FOB) - 2022
- Ginger Price in India (CIF) - 2023
- Ginger Exports in India
- Ginger Imports in India
Ginger Price in India (FOB) - 2022
The average ginger export price stood at $843 per ton in 2022, surging by 11% against the previous year. Over the period under review, the export price, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 an increase of 41% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,965 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,968 per ton), while the average price for exports to Bangladesh ($316 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 the United States (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Ginger Price in India (CIF) - 2023
The average ginger import price stood at $1,042 per ton in July 2023, shrinking by -3.1% against the previous month. Overall, the import price, however, enjoyed a measured increase. The pace of growth appeared the most rapid in February 2023 an increase of 87% against the previous month. Over the period under review, average import prices attained the maximum at $1,075 per ton in June 2023, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Myanmar ($1,372 per ton), while the price for Bhutan ($406 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Nepal (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Ginger Exports in India
In 2022, shipments abroad of ginger decreased by -53% to 80K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 171%.
In value terms, ginger exports dropped markedly to $67M in 2022. Over the period under review, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 114%.
| Export of Ginger in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 12.1 | 44.6 | 45.2 | 16.9 | 11.8% |
| Morocco | 9.4 | 12.5 | 24.4 | 13.5 | 12.8% |
| United States | 7.1 | 9.1 | 9.7 | 9.4 | 9.8% |
| United Arab Emirates | 1.5 | 3.4 | 10.2 | 5.2 | 51.3% |
| Others | 14.5 | 25.7 | 40.1 | 22.4 | 15.6% |
| Total | 44.6 | 95.3 | 130 | 67.5 | 14.8% |
Top Export Markets for Ginger from India in 2022:
- Bangladesh (53.6K tons)
- Morocco (7.2K tons)
- United Arab Emirates (5.6K tons)
- United States (2.4K tons)
Ginger Imports in India
In 2022, purchases abroad of ginger increased by 151% to 28K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ginger imports soared to $21M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ginger in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 13.1 | 10.8 | 8.4 | 10.6 | -6.8% |
| Nepal | 4.1 | 3.8 | 2.5 | 6.4 | 16.0% |
| United Arab Emirates | 0.4 | 2.2 | 2.4 | 1.5 | 55.4% |
| Myanmar | 0.7 | 0.8 | 0.3 | 1.2 | 19.7% |
| Bhutan | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.4 | 0.9 | 1.7 | 1.5 | 2.3% |
| Total | 19.7 | 18.4 | 15.2 | 21.4 | 2.8% |
Top Suppliers of Ginger to India in 2022:
- Nepal (20.2K tons)
- Nigeria (5.0K tons)
- Bhutan (0.7K tons)
- United Arab Emirates (0.7K tons)
- Myanmar (0.5K tons)
This report provides an in-depth analysis of the ginger market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 720 - Ginger
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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