Ginger Market Overview in Bangladesh
In value terms, ginger production declined significantly to $ in 2018 estimated in export prices. Over the period under review, production saw a mild slump. The pace of growth was the most pronounced in 2017 when the production volume increased by % y-o-y. As a result, production reached the peak level of $, and then fell dramatically in the following year.
The average yield of ginger in Bangladesh dropped slightly to tonnes per ha in 2018, leveling off at the previous year. In general, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the yield increased by % against the previous year. Over the period under review, the average ginger yield reached the peak level at tonnes per ha in 2017, and then shrank modestly 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, approx. ha of ginger were harvested in Bangladesh; growing by % compared with the year before. The harvested area increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to ginger production attained the peak figure at ha in 2015; however, from 2016 to 2018, the harvested area remained at a lower figure.
The revenue of the ginger market in Bangladesh declined dramatically to $ in 2018, which is down by -% against 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). Over the period under review, the total consumption indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level at $ in 2017, and then fell markedly in the following year.