ASEAN: Ginger Market 2024

Ginger Market Size in ASEAN

The ASEAN ginger market rose slightly to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Ginger Production in ASEAN

In value terms, ginger production rose notably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Indonesia (X tons), Thailand (X tons) and Myanmar (X tons), with a combined X% share of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Indonesia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average ginger yield was estimated at X tons per ha in 2023, picking up by X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021; however, from 2022 to 2023, the 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 2023, approx. X ha of ginger were harvested in ASEAN; therefore, remained relatively stable against 2022. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2023, the growth of the ginger harvested area remained at a somewhat lower figure.

Ginger Exports

Exports in ASEAN

In 2023, shipments abroad of ginger increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, ginger exports skyrocketed to $X in 2023. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand represented the major exporting country with an export of about X tons, which amounted to X% of total exports. Myanmar (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Vietnam (X%). Malaysia (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ginger exports from Thailand stood at X%. At the same time, Myanmar (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest ginger supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Thailand, ginger exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Ginger Imports

Imports in ASEAN

In 2023, overseas purchases of ginger decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ginger imports skyrocketed to $X in 2023. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Malaysia was the main importing country with an import of about X tons, which accounted for X% of total imports. Vietnam (X tons) took the second position in the ranking, followed by Singapore (X tons), Thailand (X tons) and Indonesia (X tons). All these countries together held approx. X% share of total imports. Brunei Darussalam (X tons) and Myanmar (X tons) took a relatively small share of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), Brunei Darussalam (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia, Vietnam, Brunei Darussalam, Singapore and Myanmar increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported ginger in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

In Malaysia, ginger imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Import price indicated a resilient expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform