Ginger Market Overview in Malaysia
In value terms, ginger production shrank rapidly to $ in 2018 estimated in export prices. In general, production posted a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2017, and then reduced rapidly in the following year.
The average yield of ginger in Malaysia fell notably to tonnes per ha in 2018, which is down by -% on the year before. Overall, the yield recorded a mild descent. The growth pace was the most rapid in 2015 with an increase of % against the previous year. Over the period under review, the average ginger yield hit record highs at tonnes per ha in 2017, and then dropped notably in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2018, the total area harvested in terms of ginger production in Malaysia amounted to ha, picking up by % against the previous year's figure. The harvested area increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. The ginger harvested area peaked at ha in 2009; however, from 2010 to 2018, the harvested area remained at a lower figure.
The size of the ginger market in Malaysia reached $ in 2018, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. Ginger consumption peaked at $ in 2012; however, from 2013 to 2018, consumption failed to regain the momentum.