Report Update Nov 1, 2024

Puerto Rico - Ginger - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Ginger Market 2024

Ginger Market Size in Puerto Rico

In 2021, the Puerto Rican ginger market decreased by -7.6% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +32.4% against 2017 indices. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Ginger Production in Puerto Rico

In value terms, ginger production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +40.4% against 2017 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 50%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

The average yield of ginger in Puerto Rico shrank modestly to X tons per ha in 2021, approximately mirroring the previous year. The yield figure increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the yield increased by 22% against the previous year. The global yield peaked at X tons per ha in 2016; however, from 2017 to 2021, 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 2021, the harvested area of ginger in Puerto Rico totaled X ha, almost unchanged from the previous year. Over the period under review, the harvested area continues to indicate a mild shrinkage. The growth pace was the most rapid in 2018 when the harvested area increased by 17%. The global harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Ginger Exports

Exports by Country

China was the largest exporting country with an export of about X tons, which recorded 48% of total exports. India (X tons) held the second position in the ranking, distantly followed by the Netherlands (X tons), Thailand (X tons) and Peru (X tons). All these countries together took approx. 38% share of total exports. Brazil (X tons) and Nigeria (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ginger exports from China stood at +5.2%. At the same time, Peru (+41.3%), Brazil (+28.2%), India (+20.5%), the Netherlands (+13.0%) and Thailand (+9.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in the world, with a CAGR of +41.3% from 2012-2021. By contrast, Nigeria (-9.1%) illustrated a downward trend over the same period. India (+11 p.p.), Peru (+5.6 p.p.), Brazil (+3.5 p.p.) and the Netherlands (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while Nigeria and China saw its share reduced by -6.5% and -14% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ginger supplier from Puerto Rico, comprising 45% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of global exports. It was followed by India, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +9.1%. In the other countries, the average annual rates were as follows: the Netherlands (+19.1% per year) and India (+13.1% per year).

Ginger Imports

Imports by Country

The countries with the highest levels of ginger imports in 2021 were Bangladesh (X tons), the United States (X tons), the Netherlands (X tons) and Pakistan (X tons), together reaching 44% of total import. Japan (X tons) took the next position in the ranking, followed by Malaysia (X tons) and the United Arab Emirates (X tons). All these countries together took approx. 15% share of total imports. Germany (X tons), Saudi Arabia (X tons), the UK (X tons), Vietnam (X tons), Canada (X tons) and India (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were in Bangladesh (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 31% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +20.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders 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. The third position in this ranking was occupied by Nepal, with a 6.8% share.

What are the largest producers of ginger in the world?

The country with the largest volume of ginger production was India, 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 Puerto Rico?

In value terms, the largest ginger importing markets into Puerto Rico were the Netherlands, the United States and Japan, together comprising 31% of total imports.

What are the leading importers of ginger from Puerto Rico?

In value terms, China remains the largest ginger supplier from Puerto Rico, comprising 45% of global exports. The second position in the ranking was occupied by the Netherlands, with a 14% share of global exports. It was followed by India, with a 10% share.

What is the average export price for ginger in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, leveling off at the previous year.

What is the average import price for ginger in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining relatively unchanged against the previous year.

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

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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