Brazil: Ginger Market 2024

Ginger Market Size in Brazil

The Brazilian ginger market dropped to $X in 2023, falling by X% against the previous year. In general, consumption saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Ginger Production in Brazil

In value terms, ginger production skyrocketed to $X in 2023 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

In 2023, the average ginger yield in Brazil totaled less than X kg per ha, leveling off at 2022 figures. Over the period under review, 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.

The ginger harvested area in Brazil stood at less than X ha in 2023, stabilizing at 2022 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Ginger Exports

Exports from Brazil

In 2023, the amount of ginger exported from Brazil skyrocketed to X tons, rising by X% against the previous year's figure. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the immediate term.

In value terms, ginger exports surged to $X in 2023. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

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), fourfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value 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 the UK (X% per year).

Export Prices by Country

In 2023, the average ginger export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 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% against the previous year. Over the period under review, the average 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 destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 expanded modestly to X tons in 2023, growing by X% against the previous year. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, ginger imports declined markedly to $X in 2023. Over the period under review, imports saw strong growth. 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 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Peru (X tons) constituted the largest ginger supplier to Brazil, accounting for a X% share of total imports. Moreover, ginger imports from Peru exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Peru amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Peru ($X) constituted the largest supplier of ginger to Brazil, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Peru amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

The average ginger import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform