Uruguay: Ginger Market 2025

Ginger Market Size in Uruguay

For the third year in a row, the Uruguayan ginger market recorded growth in sales value, which increased by 8.7% to $X in 2022. Overall, consumption enjoyed significant growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Ginger Exports

Exports from Uruguay

For the fourth consecutive year, Uruguay recorded growth in overseas shipments of ginger, which increased by 21% to X kg in 2022. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 760%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, ginger exports stood at $X in 2022. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 608% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X kg) was the main destination for ginger exports from Uruguay, accounting for a 97% share of total exports. It was followed by Paraguay (X kg), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +6.8%.

In value terms, the UK ($X) remains the key foreign market for ginger exports from Uruguay, comprising 96% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +10.1%.

Export Prices by Country

In 2022, the average ginger export price amounted to $X per ton, reducing by -4.9% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ginger export price increased by +50.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 54%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+6.9%).

Ginger Imports

Imports into Uruguay

For the fourth year in a row, Uruguay recorded growth in overseas purchases of ginger, which increased by 8.1% to X tons in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 91% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, ginger imports expanded remarkably to $X in 2022. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 90% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main ginger supplier to Uruguay, with a 97% share of total imports. It was followed by China (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +25.6%.

In value terms, Brazil ($X) constituted the largest supplier of ginger to Uruguay, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 9.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +19.1%.

Import Prices by Country

The average ginger import price stood at $X per ton in 2022, picking up by 1.7% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%).

Source: IndexBox Platform

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