Western Africa: Ginger Market 2024

Ginger Market Size in Western Africa

In 2023, after two years of growth, there was significant decline in the West African ginger market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Ginger Production in Western Africa

In value terms, ginger production declined modestly to $X in 2023 estimated in export price. In general, production, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Nigeria (X tons) constituted the country with the largest volume of ginger production, comprising approx. X% of total volume. Moreover, ginger production in Nigeria exceeded the figures recorded by the second-largest producer, Mali (X tons), more than tenfold.

In Nigeria, ginger production expanded at an average annual rate of X% over the period from 2012-2023.

The average ginger yield dropped to X tons per ha in 2023, reducing by X% compared with the previous year's figure. The yield indicated pronounced growth from 2012 to 2023: its figure 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, ginger yield increased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the ginger yield attained the maximum level at X tons per ha in 2016; however, from 2017 to 2023, the yield stood at a somewhat lower figure. 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 Western Africa; surging by X% on the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to ginger production reached the maximum at X ha in 2013; however, from 2014 to 2023, the harvested area remained at a lower figure.

Ginger Exports

Exports in Western Africa

In 2023, overseas shipments of ginger increased by X% to X tons, rising for the seventh year in a row after three years of decline. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, ginger exports skyrocketed to $X in 2023. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X tons) represented roughly X% of total exports in 2023.

Nigeria was also the fastest-growing in terms of the ginger exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest ginger supplier in Western Africa.

In Nigeria, ginger exports contracted by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, reducing by X% against the previous year. In general, the export price faced a abrupt decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2023, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Ginger Imports

Imports in Western Africa

In 2023, purchases abroad of ginger increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a noticeable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, ginger imports stood at $X in 2023. Overall, imports showed a slight expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Mali was the largest importing country with an import of around X tons, which finished at X% of total imports. Nigeria (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Benin (X%), Niger (X%) and Senegal (X%). Ghana (X tons) held a relatively small share of total imports.

Mali was also the fastest-growing in terms of the ginger imports, with a CAGR of X% from 2012 to 2023. At the same time, Niger (X%), Benin (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Mali (X p.p.), Niger (X p.p.) and Benin (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Senegal (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported ginger in Western Africa, comprising X% of total imports. The second position in the ranking was held by Mali ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, ginger imports decreased by 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: Mali (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the 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 Ghana ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform