Republic of Korea: Ginger Market 2025

Ginger Market Size in Republic of Korea

In 2022, the South Korean ginger market decreased by -4.5% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, recorded a resilient increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Ginger Production in Republic of Korea

In value terms, ginger production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 279%. Ginger production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of ginger in South Korea was estimated at X tons per ha in 2022, standing approx. at 2021. Over the period under review, the yield showed a strong increase. The pace of growth was the most pronounced in 2018 when the yield increased by 211% against the previous year. The ginger yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of ginger production in South Korea declined to X ha, shrinking by -3.5% compared with the previous year. Over the period under review, the total harvested area indicated a remarkable increase from 2012 to 2022: its figure increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ginger harvested area increased by +41.0% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 26%. The ginger harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

Ginger Exports

Exports from Republic of Korea

In 2022, exports of ginger from South Korea declined dramatically to X tons, shrinking by -76.7% compared with the previous year. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 459% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, ginger exports dropped dramatically to $X in 2022. In general, exports, however, showed temperate growth. The most prominent rate of growth was recorded in 2021 when exports increased by 251%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Japan (X tons), the United States (X tons) and Australia (X kg) were the main destinations of ginger exports from South Korea, with a combined 72% share of total exports. Vietnam, China, Kiribati, Panama, Chile and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Kiribati ($X) and Vietnam ($X) were the largest markets for ginger exported from South Korea worldwide, with a combined 65% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +52.5%, saw the highest growth rate of the value of exports, 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, increasing by 25% against the previous year. In general, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2020 when the average export price increased by 170%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+253.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports

Imports into Republic of Korea

In 2022, overseas purchases of ginger decreased by -59.8% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 98% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, ginger imports dropped notably to $X in 2022. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 105%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Peru (X tons) and Vietnam (X tons) were the main suppliers of ginger imports to South Korea, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +2,159.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X) constituted the largest supplier of ginger to South Korea, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Peru amounted to +1,547.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.3% per year) and Vietnam (+166.8% per year).

Import Prices by Country

The average ginger import price stood at $X per ton in 2022, increasing by 77% against the previous year. Over the period under review, the import price showed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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