Brazil: Ginger Market 2024

Ginger Market Size in Brazil

The Brazilian ginger market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Ginger Production in Brazil

In value terms, ginger production rose sharply to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase 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. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average yield of ginger in Brazil amounted to less than X kg per ha, remaining relatively unchanged against 2021. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the ginger harvested area in Brazil stood at less than X ha, flattening at the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

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Ginger Exports

Exports from Brazil

After four years of growth, shipments abroad of ginger decreased by X% to X tons in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, ginger exports reduced notably to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for ginger exports from Brazil, with a X% share of total exports. Moreover, ginger exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Argentina (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the average ginger export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, export price indicated a modest 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and the United States ($X per ton), while the average price for exports to Argentina ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Brazil

Ginger imports into Brazil soared to X tons in 2022, growing by X% against the previous year. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, ginger imports reduced to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Peru (X tons), China (X tons) and India (X tons) were the main suppliers of ginger imports to Brazil, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest ginger suppliers to Brazil were Peru ($X), China ($X) and India ($X), with a combined X% share of total imports.

Among the main suppliers, Peru, with a CAGR of X%, 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 2022, the average ginger import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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