Dominican Republic: Ginger Market 2024

Ginger Market Size in the Dominican Republic

In 2022, the Dominican ginger market decreased by -72.1% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption continues to indicate a mild decline. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Ginger Production in the Dominican Republic

In value terms, ginger production expanded notably to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 142%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average ginger yield in the Dominican Republic shrank slightly to X tons per ha, remaining constant against 2021 figures. Over the period under review, the yield, however, saw slight growth. The pace of growth was the most pronounced in 2014 when the yield increased by 296%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average ginger yield remained 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 2022, approx. X ha of ginger were harvested in the Dominican Republic; almost unchanged from the previous year's figure. In general, the harvested area continues to indicate a deep downturn. The pace of growth was the most pronounced in 2015 when the harvested area increased by 44% against the previous year. The ginger harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Ginger Exports

Exports from the Dominican Republic

In 2022, overseas shipments of ginger decreased by -72.5% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 3,393% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ginger exports contracted markedly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 4,551% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for ginger exports from the Dominican Republic, with a 91% share of total exports. Moreover, ginger exports to Haiti exceeded the volume sent to the second major destination, France (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti stood at +77.2%.

In value terms, Haiti ($X) emerged as the key foreign market for ginger exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was held by France ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti amounted to +81.1%.

Export Prices by Country

In 2022, the average ginger export price amounted to $X per ton, jumping by 32% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 69% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+103.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into the Dominican Republic

In 2022, purchases abroad of ginger decreased by -98.1% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a slight slump. The most prominent rate of growth was recorded in 2020 with an increase of 2,199%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, ginger imports contracted significantly to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,043%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped notably in the following year.

Imports by Country

India (X tons), China (X tons) and Spain (X tons) were the main suppliers of ginger imports to the Dominican Republic, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +112.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of ginger to the Dominican Republic, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Spain, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +127.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.1% per year) and Spain (-1.9% per year).

Import Prices by Country

In 2022, the average ginger import price amounted to $X per ton, growing by 207% against the previous year. Overall, the import price recorded a strong expansion. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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