Report Update Nov 1, 2024

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

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Ecuador: Ginger Market 2024

Ginger Market Size in Ecuador

In 2022, the Ecuadorian ginger market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a noticeable setback. Ginger consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ginger Production in Ecuador

In value terms, ginger production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of ginger in Ecuador amounted to less than X kg per ha in 2022, approximately mirroring the year before. 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 Ecuador amounted to less than X ha in 2022, approximately reflecting the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Ginger Exports

Exports from Ecuador

In 2022, after four years of growth, there was significant decline in overseas shipments of ginger, when their volume decreased by -55.3% to X tons. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 763%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ginger exports reduced sharply to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 891%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) and Colombia (X tons) were the main destinations of ginger exports from Ecuador.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +65.3%).

In value terms, the United States ($X) remains the key foreign market for ginger exports from Ecuador, comprising 79% of total exports. The second position in the ranking was held by Colombia ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +44.4%.

Export Prices by Country

The average ginger export price stood at $X per ton in 2022, increasing by 28% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.4%), while the prices for the other major destinations experienced a decline.

Ginger Imports

Imports into Ecuador

In 2022, overseas purchases of ginger increased by 57% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 204% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, ginger imports soared to $X in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 166%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Peru (X tons) and China (X tons) were the main suppliers of ginger imports to Ecuador, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +171.0%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Peru ($X) and the United States ($X) were the largest ginger suppliers to Ecuador, together accounting for 94% of total imports.

In terms of the main suppliers, Peru, with a CAGR of +250.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ginger import price amounted to $X per ton, with an increase of 9.4% against the previous year. In general, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 230%. The import price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+83.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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 remains the largest ginger producing country worldwide, accounting for 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 Ecuador?

In value terms, China, Peru and Thailand appeared to be the largest ginger suppliers to Ecuador, with a combined 87% share of total imports.

What are the leading importers of ginger from Ecuador?

In value terms, the largest markets for ginger exported from Ecuador were the United States, the Dominican Republic and Colombia, with a combined 97% share of total exports.

What is the average export price for ginger in Ecuador?

The average ginger export price stood at $935 per ton in 2021, with a decrease of -21.6% against the previous year.

What is the average import price for ginger in Ecuador?

The average ginger import price stood at $3,683 per ton in 2021, picking up by 36% against the previous year.

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

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 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
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