Report Update Feb 1, 2025

Venezuela - Ginger - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Ginger Market 2025

Ginger Market Size in Venezuela

The Venezuelan ginger market surged to $X in 2022, increasing by 61% against the previous year. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ginger Production in Venezuela

In value terms, ginger production declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 4.1%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average ginger yield in Venezuela amounted to less than X kg per ha, approximately mirroring the previous year. Overall, the yield showed a relatively flat trend pattern. 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 Venezuela was estimated at less than X ha, remaining relatively unchanged against the previous year. Overall, the harvested area saw a relatively flat trend pattern.

Ginger Exports

Exports from Venezuela

In 2022, approx. X tons of ginger were exported from Venezuela; growing by 5.8% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 2,282% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ginger exports rose notably to $X in 2022. In general, exports, however, continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2015 with an increase of 86%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Rwanda (X tons) was the main destination for ginger exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Rwanda was relatively modest.

In value terms, Rwanda ($X) emerged as the key foreign market for ginger exports from Venezuela.

From 2014 to 2022, the average annual growth rate of value to Rwanda was relatively modest.

Export Prices by Country

In 2022, the average ginger export price amounted to $X per ton, with an increase of 1.9% against the previous year. Over the period under review, the export price, however, showed a significant decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2014 to 2022, the rate of growth in terms of prices for Colombia amounted to -13.8% per year.

Ginger Imports

Imports into Venezuela

In 2022, overseas purchases of ginger increased by 176% to X tons, rising for the fourth consecutive year after six years of decline. Overall, imports, however, continue to indicate a drastic downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ginger imports soared to $X in 2022. In general, imports, however, recorded a deep slump. The growth pace was the most rapid in 2019 when imports increased by 97% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Germany (X tons) and Lebanon (X tons) were the main suppliers of ginger imports to Venezuela, together accounting for 56% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +29.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Germany ($X) and Lebanon ($X) constituted the largest ginger suppliers to Venezuela, together comprising 65% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +24.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ginger import price stood at $X per ton in 2022, which is down by -42.1% against the previous year. In general, the import price, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2016 an increase of 107% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lebanon ($X per ton), while the price for India ($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 (+62.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ginger in the world?

The country with the largest volume of ginger consumption was India, comprising approx. 38% of total volume. Moreover, ginger consumption in India exceeded the figures recorded by the second-largest consumer, Nigeria, twofold. Nepal ranked third in terms of total consumption 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, comprising approx. 42% of total volume. Moreover, ginger production in India exceeded the figures recorded by the second-largest producer, Nigeria, threefold. China ranked third in terms of total production with a 14% share.

What are the leading suppliers of ginger to Venezuela?

In value terms, India constituted the largest supplier of ginger to Venezuela, comprising 59% of total imports. The second position in the ranking was occupied by Lebanon, with a 25% share of total imports.

What is the average export price for ginger in Venezuela?

In 2021, the average ginger export price amounted to $155 per ton, remaining relatively unchanged against the previous year.

What is the average import price for ginger in Venezuela?

The average ginger import price stood at $4,172 per ton in 2021, picking up by 23% against the previous year.

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

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024