EU: Ginger Market 2024

Ginger Market Size in the EU

In 2023, the EU ginger market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Over the period under review, consumption enjoyed resilient growth. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the immediate term.

Ginger Production in the EU

In value terms, ginger production skyrocketed to $X in 2023 estimated in export price. In general, production posted significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The country with the largest volume of ginger production was the Netherlands (X tons), comprising approx. X% of total volume.

From 2012 to 2023, the average annual growth rate of volume in the Netherlands stood at X%.

Ginger Exports

Exports in the EU

In 2023, the amount of ginger exported in the European Union soared to X tons, growing by X% compared with the previous year's figure. Over the period under review, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ginger exports skyrocketed to $X in 2023. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. Germany (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%). Belgium (X tons) followed a long way behind the leaders.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%), Germany (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. The Netherlands (X p.p.), Spain (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest ginger supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, approximately mirroring the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Ginger Imports

Imports in the EU

In 2023, supplies from abroad of ginger decreased by X% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, ginger imports skyrocketed to $X in 2023. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

The Netherlands was the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Germany (X tons) and Spain (X tons), together comprising a X% share of total imports. France (X tons), Italy (X tons), Poland (X tons), Belgium (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ginger imports into the Netherlands stood at X%. At the same time, Belgium (X%), Spain (X%), Poland (X%), Germany (X%), the Czech Republic (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Italy (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ginger importing markets in the European Union were the Netherlands ($X), Germany ($X) and Spain ($X), together comprising X% of total imports. France, Poland, Italy, Belgium and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland, 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 2023, the import price in the European Union amounted to $X per ton, jumping by X% against the previous year. Import price indicated a pronounced 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 Poland ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform