MERCOSUR: Ginger Market 2025

Ginger Market Size in MERCOSUR

The MERCOSUR ginger market expanded notably to $X in 2022, surging by 15% 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 throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Ginger Production in MERCOSUR

In value terms, ginger production rose notably to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 73% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Peru (X tons), Brazil (X tons) and Guyana (X tons), together comprising 99% of total production.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +46.4%), while production for the other leaders experienced more modest paces of growth.

The average ginger yield amounted to X tons per ha in 2022, almost unchanged from 2021. In general, the yield, however, recorded a deep downturn. The growth pace was the most rapid in 2014 with an increase of 19%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the ginger yield remained at a 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 MERCOSUR reached X ha, approximately equating 2021. Overall, the harvested area posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Ginger Exports

Exports in MERCOSUR

After ten years of growth, shipments abroad of ginger decreased by -6% to X tons in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 91% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, ginger exports declined notably to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 116%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Peru was the main exporting country with an export of about X tons, which reached 70% of total exports. It was distantly followed by Brazil (X tons), making up a 30% share of total exports.

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%) displayed positive paces of growth. While the share of Peru (+33 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-31.6 p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest ginger supplier in MERCOSUR, comprising 80% of total exports. The second position in the ranking was held by Brazil ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru totaled +35.2%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, declining by -14.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 37% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.2%).

Ginger Imports

Imports in MERCOSUR

After two years of growth, purchases abroad of ginger decreased by -18.9% to X tons in 2022. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 75%. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced rapidly in the following year.

In value terms, ginger imports declined sharply to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 117% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined rapidly in the following year.

Imports by Country

Argentina (X tons) and Chile (X tons) prevails in imports structure, together creating 79% of total imports. Brazil (X tons) took the next position in the ranking, followed by Uruguay (X tons). All these countries together took approx. 15% share of total imports. The following importers - Colombia (X tons) and Peru (X tons) - each finished at a 3.1% 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 Argentina (with a CAGR of +31.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constitutes the largest market for imported ginger in MERCOSUR, comprising 54% of total imports. The second position in the ranking was held by Brazil ($X), with a 20% share of total imports. It was followed by Chile, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina totaled +27.4%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+8.7% per year) and Chile (+12.4% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 24% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+17.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform