Europe: Ginger Market 2024

Ginger Market Size in Europe

The Europe ginger market skyrocketed to $X in 2023, with an increase of X% against the previous year. The total consumption indicated resilient growth 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. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Ginger Production in Europe

In value terms, ginger production surged to $X in 2023 estimated in export price. In general, production posted a significant increase. As a result, production attained 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. Moreover, ginger production in the Netherlands exceeded the figures recorded by the second-largest producer, Albania (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume in the Netherlands stood at X%. In the other countries, the average annual rates were as follows: Albania (X% per year) and Belarus (X% per year).

Ginger Exports

Exports in Europe

In 2023, the amount of ginger exported in Europe soared to X tons, jumping by X% against 2022 figures. Total exports indicated a strong increase from 2012 to 2023: its volume 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. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, ginger exports soared to $X in 2023. Total exports indicated resilient growth 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. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

The Netherlands prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. Germany (X tons) held the second position in the ranking, followed by Spain (X tons). All these countries together held near X% share of total exports. Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ginger exports from the Netherlands stood at X%. At the same time, Belarus (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. While the share of Spain (X p.p.), Germany (X p.p.) and Belarus (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, stabilizing at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belarus ($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 a decline in the export price figures.

Ginger Imports

Imports in Europe

In 2023, ginger imports in Europe amounted to X tons, growing by X% on the previous year. Total imports indicated a pronounced expansion from 2012 to 2023: its volume 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. Based on 2023 figures, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, ginger imports soared to $X in 2023. Total imports indicated prominent growth from 2012 to 2023: its value 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. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the Netherlands (X tons), distantly followed by the UK (X tons), Germany (X tons) and Spain (X tons) were the key importers of ginger, together achieving X% of total imports. Russia (X tons), France (X tons), Italy (X tons), Poland (X tons), Switzerland (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ginger importing markets in Europe were the Netherlands ($X), the UK ($X) and Germany ($X), with a combined X% share of total imports. Spain, France, Poland, Switzerland, Italy, Russia and Belgium lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated resilient growth 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. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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 Switzerland ($X per ton), while Russia ($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 UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform