Latin America and the Caribbean: Ginger Market 2025

Ginger Market Size in Latin America and the Caribbean

The Latin American ginger market rose remarkably to $X in 2022, picking up by 10% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Ginger Production in Latin America and the Caribbean

In value terms, ginger production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 61%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Peru (X tons), Brazil (X tons) and Guyana (X tons), together comprising 93% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Guyana (with a CAGR of +46.4%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of ginger in Latin America and the Caribbean reduced to X tons per ha, remaining constant against the year before. In general, the yield recorded a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, the ginger yield reached the peak level at X tons per ha in 2014; however, from 2015 to 2022, the yield stood 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, the ginger harvested area in Latin America and the Caribbean stood at X ha, standing approx. at the year before. Overall, the harvested area posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 38%. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Ginger Exports

Exports in Latin America and the Caribbean

After six years of growth, shipments abroad of ginger decreased by -6.8% to X tons in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 89%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, ginger exports fell notably to $X in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 112% against the previous year. The level of export peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Peru represented the major exporting country with an export of about X tons, which reached 66% of total exports. It was distantly followed by Brazil (X tons), mixing up a 28% share of total exports. Costa Rica (X tons) followed a long way behind the leaders.

Peru was also the fastest-growing in terms of the ginger exports, with a CAGR of +40.6% from 2012 to 2022. At the same time, Brazil (+22.7%) and Costa Rica (+13.2%) displayed positive paces of growth. From 2012 to 2022, the share of Peru increased by +35 percentage points.

In value terms, Peru ($X) remains the largest ginger supplier in Latin America and the Caribbean, comprising 75% of total exports. The second position in the ranking was held by Brazil ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru totaled +35.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+24.1% per year) and Costa Rica (+17.8% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -12.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 33%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Ginger Imports

Imports in Latin America and the Caribbean

After two years of growth, overseas purchases of ginger decreased by -27.3% to X tons in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 62% against the previous year. The volume of import peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, ginger imports fell notably to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 77% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, Argentina (X tons) and Chile (X tons) were the key importers of ginger in Latin America and the Caribbean, together generating 58% of total imports. Trinidad and Tobago (X tons) ranks next in terms of the total imports with a 10% share, followed by Brazil (6.7%) and Uruguay (4.6%). Guatemala (X tons), Mexico (X tons), El Salvador (X tons), Barbados (X tons) and Jamaica (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guatemala (with a CAGR of +35.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constitutes the largest market for imported ginger in Latin America and the Caribbean, comprising 33% of total imports. The second position in the ranking was held by Brazil ($X), with a 12% share of total imports. It was followed by Jamaica, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in Argentina totaled +27.4%. In the other countries, the average annual rates were as follows: Brazil (+8.7% per year) and Jamaica (+6.8% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by 9.5% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jamaica ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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