Report Update Feb 1, 2025

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

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Cuba: Ginger Market 2025

Ginger Market Size in Cuba

The Cuban ginger market soared to $X in 2021, increasing by 1,070% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ginger Exports

Exports from Cuba

For the fifth consecutive year, Cuba recorded growth in shipments abroad of ginger, which increased by 20% to X kg in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 227%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ginger exports soared to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 47%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Canada (X kg) was the main destination for ginger exports from Cuba, accounting for a 80% share of total exports. Moreover, ginger exports to Canada exceeded the volume sent to the second major destination, France (X kg), fourfold.

From 2015 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +432.9%.

In value terms, Canada ($X) remains the key foreign market for ginger exports from Cuba, comprising 68% of total exports. The second position in the ranking was held by France ($X), with a 32% share of total exports.

From 2015 to 2021, the average annual growth rate of value to Canada stood at +208.2%.

Export Prices by Country

In 2021, the average ginger export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-42.6%).

Ginger Imports

Imports into Cuba

In 2021, the amount of ginger imported into Cuba skyrocketed to X tons, growing by 817% compared with the year before. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ginger imports soared to $X in 2021. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Peru (X tons) constituted the largest supplier of ginger to Cuba, with a 87% share of total imports. Moreover, ginger imports from Peru exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Peru totaled +10,270.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+45.9% per year) and Canada (-39.7% per year).

In value terms, Peru ($X) constituted the largest supplier of ginger to Cuba, comprising 85% of total imports. The second position in the ranking was taken by Spain ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Peru totaled +12,657.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+28.2% per year) and Canada (-38.5% per year).

Import Prices by Country

The average ginger import price stood at $X per ton in 2021, declining by -5.9% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+31.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ginger in the world?

India remains the largest ginger consuming country worldwide, accounting for 38% of total volume. Moreover, ginger consumption in India exceeded the figures recorded by the second-largest consumer, Nigeria, twofold. Nepal ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of ginger in the world?

India constituted the country with the largest volume of ginger production, comprising approx. 42% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, Nigeria, threefold. The third position in this ranking was occupied by China, with a 14% share.

What are the leading suppliers of ginger to Cuba?

In value terms, Spain constituted the largest supplier of ginger to Cuba, comprising 53% of total imports. The second position in the ranking was occupied by Nigeria, with a 20% share of total imports. It was followed by India, with a 19% share.

What are the leading importers of ginger from Cuba?

In value terms, Canada $784) remains the key foreign market for ginger exports from Cuba, comprising 68% of total exports. The second position in the ranking was occupied by France $362), with a 32% share of total exports.

What is the average export price for ginger in Cuba?

The average ginger export price stood at $1,939 per ton in 2021, growing by 4.6% against the previous year.

What is the average import price for ginger in Cuba?

In 2021, the average ginger import price amounted to $2,458 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the ginger market in Cuba. 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:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024