Lithuania: Ginger Market 2024

Ginger Market Size in Lithuania

The Lithuanian ginger market declined remarkably to $X in 2022, reducing by -19.7% against the previous year. In general, consumption, however, continues to indicate moderate growth. Ginger consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ginger Production in Lithuania

In value terms, ginger production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9%. Ginger production peaked in 2022 and is likely to see gradual growth in years to come.

The average yield of ginger in Lithuania amounted to less than X kg per ha in 2022, stabilizing at 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.

In 2022, the harvested area of ginger in Lithuania amounted to less than X ha, remaining stable against the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Ginger Exports

Exports from Lithuania

In 2022, shipments abroad of ginger decreased by -20.1% to X tons, falling for the third consecutive year after three years of growth. Overall, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, ginger exports dropped sharply to $X in 2022. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 197% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Russia (X tons) and Latvia (X tons) were the main destinations of ginger exports from Lithuania, together accounting for 91% of total exports. Estonia and the Netherlands lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +17.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ginger exported from Lithuania were Belarus ($X), Russia ($X) and Latvia ($X), together accounting for 91% of total exports. Estonia and the Netherlands lagged somewhat behind, together accounting for a further 7.7%.

The Netherlands, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ginger export price stood at $X per ton in 2022, dropping by -26.3% against the previous year. Over the period under review, the export price, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2013 an increase of 90% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Estonia ($X per ton) and Belarus ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Lithuania

In 2022, overseas purchases of ginger decreased by -20.4% to X tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 198%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, ginger imports declined significantly to $X in 2022. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 197%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest ginger supplier to Lithuania, with a 69% share of total imports. Moreover, ginger imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Peru (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+1.1% per year) and China (-9.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ginger to Lithuania, comprising 49% of total imports. The second position in the ranking was taken by Estonia ($X), with a 23% share of total imports. It was followed by Peru, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to -17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+35.1% per year) and Peru (-17.1% per year).

Import Prices by Country

The average ginger import price stood at $X per ton in 2022, which is down by -12.5% against the previous year. Overall, the import price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

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 Estonia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform