U.S.: Ginger Market 2024

Ginger Market Size in the U.S.

In 2022, the U.S. ginger market decreased by -11.6% to $X, falling for the second year in a row after four years of growth. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ginger Production in the U.S.

In value terms, ginger production stood at $X in 2022. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 18%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average ginger yield in the United States declined modestly to X tons per ha, almost unchanged from 2021 figures. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by 4.1% against the previous year. The ginger yield peaked at X tons per ha in 2012; however, from 2013 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 total area harvested in terms of ginger production in the United States was estimated at X ha, leveling off at the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by 5.3%. The ginger harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Ginger Exports

Exports from the U.S.

In 2022, after five years of growth, there was significant decline in shipments abroad of ginger, when their volume decreased by -9.1% to X tons. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 51% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, ginger exports fell to $X in 2022. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 51%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Canada (X tons) was the main destination for ginger exports from the United States, with a 85% share of total exports. Moreover, ginger exports to Canada exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at +14.3%.

In value terms, Canada ($X) remains the key foreign market for ginger exports from the United States, comprising 84% of total exports. The second position in the ranking was held by Japan ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to +12.9%.

Export Prices by Country

In 2022, the average ginger export price amounted to $X per ton, reducing by -4.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 25%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Japan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-1.2%).

Ginger Imports

Imports into the U.S.

After ten years of growth, overseas purchases of ginger decreased by -0.4% to X tons in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.7% against 2012 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, ginger imports declined remarkably to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 66%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest ginger supplier to the United States, with a 57% share of total imports. Moreover, ginger imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+37.4% per year) and Brazil (+12.9% per year).

In value terms, the largest ginger suppliers to the United States were China ($X), Peru ($X) and Brazil ($X), together comprising 75% of total imports. India, Nigeria, Mexico, Thailand and Costa Rica lagged somewhat behind, together comprising a further 17%.

Mexico, with a CAGR of +69.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ginger import price stood at $X per ton in 2022, which is down by -17.8% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ginger import price decreased by -20.5% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 62%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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