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India - Ginger - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

India - Ginger - Market Analysis, Forecast, Size, Trends and Insights

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Mar 15, 2023

Ginger Price in India Plummets by 5.9% to $655 per Ton

India Ginger Export Price in November 2022

In November 2022, the ginger price amounted to $655 per ton (FOB, India), which is down by -5.9% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when the average export price increased by 45% against the previous month. Over the period under review, the average export prices hit record highs at $1,665 per ton in August 2022; however, from September 2022 to November 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In November 2022, the country with the highest price was the United States ($5,018 per ton), while the average price for exports to Bangladesh ($361 per ton) was amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

India Ginger Exports

In November 2022, shipments abroad of ginger increased by 44% to 8.2K tons, rising for the third month in a row after six months of decline. Overall, exports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in October 2022 when exports increased by 84% m-o-m. Over the period under review, the exports hit record highs at 15K tons in February 2022; however, from March 2022 to November 2022, the exports stood at a somewhat lower figure.

In value terms, ginger exports soared to $5.4M (IndexBox estimates) in November 2022. In general, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in October 2022 when exports increased by 36% month-to-month. The exports peaked at 10K tons in March 2022; however, from April 2022 to November 2022, the exports remained at a lower figure.

India Ginger Exports by Country

Bangladesh (6.8K tons) was the main destination for ginger exports from India, with a 83% share of total exports. Moreover, ginger exports to Bangladesh exceeded the volume sent to the second major destination, the United Arab Emirates (404 tons), more than tenfold. the United States (140 tons) ranked third in terms of total exports with a 1.7% share.

From January 2022 to November 2022, the average monthly growth rate of volume to Bangladesh totaled -3.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (-5.3% per month) and the United States (+1.5% per month).

In value terms, Bangladesh ($2.5M) remains the key foreign market for ginger exports from India, comprising 46% of total exports. The second position in the ranking was taken by the United States ($701K), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 6.1% share.

From January 2022 to November 2022, the average monthly growth rate of value to Bangladesh stood at -2.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+2.4% per month) and the United Arab Emirates (-5.7% per month).

Ginger Market Overview

Ginger is a popular spice in India and is widely used in cooking for its unique taste and health benefits. India is one of the largest producers and exporters of ginger in the world, with a significant share of the global ginger market.

India is the largest producer and exporter of ginger in the world, with an annual production of around 1.8 million tonnes. The major ginger producing states in India are Kerala, Karnataka, Assam, and Maharashtra. The domestic consumption of ginger in India is also high, with a significant portion of the production being consumed within the country itself.

The ginger market in India has been growing steadily over the years, with an increasing demand for ginger in the domestic as well as the international market.

The prices of ginger in India are determined by various factors such as demand and supply, weather conditions, and transportation costs. The prices of ginger in the domestic market are relatively stable, with minor fluctuations depending on the demand and supply situation. However, the prices of ginger in the international market are more volatile, with significant fluctuations depending on the global demand and supply situation.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ginger market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 720 - Ginger

Country coverage:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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