Bolivia: Ginger Market 2025

Ginger Market Size in Bolivia

The Bolivian ginger market rose remarkably to $X in 2022, picking up by 7% against the previous year. In general, consumption saw a strong expansion. Ginger consumption peaked in 2022 and is likely to see steady growth in years to come.

Ginger Production in Bolivia

In value terms, ginger production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average ginger yield in Bolivia amounted to less than X kg per ha, approximately mirroring 2021. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The ginger harvested area in Bolivia amounted to less than X ha in 2022, approximately equating 2021. Overall, the harvested area showed a relatively flat trend pattern.

Ginger Exports

Exports from Bolivia

In 2016, ginger exports from Bolivia declined significantly to X tons, shrinking by -21.4% compared with the year before. Overall, exports faced a abrupt shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

In value terms, ginger exports declined to $X in 2016. Over the period under review, exports continue to indicate a perceptible slump. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for ginger exports from Bolivia, accounting for a 96% share of total exports. Moreover, ginger exports to the United States exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold.

From 2012 to 2016, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for ginger exports from Bolivia, comprising 100% of total exports. The second position in the ranking was held by Spain ($X), with a 0.4% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2016, the average ginger export price amounted to $X per ton, rising by 20% against the previous year. Over the period under review, the export price enjoyed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Bolivia

For the third year in a row, Bolivia recorded growth in overseas purchases of ginger, which increased by 47% to X tons in 2022. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 103% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, ginger imports dropped notably to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 110%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest ginger supplier to Bolivia, with a 71% share of total imports. Moreover, ginger imports from Argentina exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold. Spain (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at +104.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+62.0% per year) and Spain (+242.8% per year).

In value terms, Argentina ($X) constituted the largest supplier of ginger to Bolivia, comprising 71% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled +83.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+60.1% per year) and Spain (+116.7% per year).

Import Prices by Country

In 2022, the average ginger import price amounted to $X per ton, declining by -47% against the previous year. Overall, the import price recorded a deep slump. The growth pace was the most rapid in 2014 an increase of 38% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and the United States ($X per ton), while the price for Chile ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform