Bangladesh: Ginger Market 2025

Ginger Market Size in Bangladesh

In 2022, the Bangladeshi ginger market decreased by -25.6% to $X, falling for the second year in a row after four years of growth. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -34.9% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ginger Production in Bangladesh

In value terms, ginger production soared to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

In 2022, the average ginger yield in Bangladesh rose modestly to X tons per ha, surging by 1.8% compared with 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 5% against the previous year. Over the period under review, the average ginger yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of ginger production in Bangladesh amounted to X ha, approximately equating 2021. The harvested area increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 7.6% against the previous year. Over the period under review, the harvested area dedicated to ginger production attained the peak figure at X ha in 2020; afterwards, it flattened through to 2022.

Ginger Exports

Exports from Bangladesh

In 2022, overseas shipments of ginger increased by 218% to X tons, rising for the second consecutive year after three years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 337% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ginger exports soared to $X in 2022. Overall, exports showed a prominent increase. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for ginger exports from Bangladesh, with a 55% share of total exports. Moreover, ginger exports to Qatar exceeded the volume sent to the second major destination, India (X tons), ninefold. The third position in this ranking was taken by South Africa (X tons), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+16.1% per year) and South Africa (+193.5% per year).

In value terms, Qatar ($X) emerged as the key foreign market for ginger exports from Bangladesh, comprising 38% of total exports. The second position in the ranking was taken by India ($X), with an 8.6% share of total exports. It was followed by South Africa, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+30.6% per year) and South Africa (+299.9% per year).

Export Prices by Country

The average ginger export price stood at $X per ton in 2022, increasing by 18% against the previous year. In general, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 80%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+36.3%), while the prices for the other major destinations experienced mixed trend patterns.

Ginger Imports

Imports into Bangladesh

After three years of growth, purchases abroad of ginger decreased by -37.6% to X tons in 2022. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped sharply in the following year.

In value terms, ginger imports reduced sharply to $X in 2022. Overall, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2019 when imports increased by 89%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Myanmar (X tons) were the main suppliers of ginger imports to Bangladesh, together comprising 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +104.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ginger suppliers to Bangladesh were India ($X), China ($X) and Myanmar ($X), with a combined 90% share of total imports.

Myanmar, with a CAGR of +100.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average ginger import price amounted to $X per ton, with a decrease of -3.7% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 23%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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