Ginger Market Overview in Asia
In value terms, ginger production stood at $2.7B in 2010 estimated in export prices. The total output indicated a resilient increase from 2007 to 2010: its value increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2010 figures, ginger production increased by +41.5% against 2008 indices. The most prominent rate of growth was recorded in 2010 when production volume increased by 34% year-to-year. In that year, ginger production attained its peak level and is likely to continue its growth in the immediate term.
The countries with the highest volumes of ginger production in 2010 were India (385K tonnes), China (365K tonnes) and Nepal (211K tonnes), together comprising 65% of total production.
From 2007 to 2010, the most notable rate of growth in terms of ginger production, amongst the main producing countries, was attained by Nepal, while the other leaders experienced more modest paces of growth.
The average ginger yield totaled 7.4 tonne per ha in 2010, growing by 2.1% against the previous year. In general, the ginger yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when yield increased by 2.1% against the previous year. The level of ginger yield peaked at 7.5 tonne per ha in 2007; however, from 2008 to 2010, 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 2010, the harvested area of ginger in Asia amounted to 199K ha, standing approx. at the previous year. The harvested area increased at an average annual rate of +2.3% over the period from 2007 to 2010; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2009 when harvested area increased by 5.6% y-o-y. Over the period under review, the harvested area dedicated to ginger production reached its maximum in 2010 and is expected to retain its growth in the immediate term.
The revenue of the ginger market in Asia amounted to $2.3B in 2010, jumping by 17% 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). The market value increased at an average annual rate of +5.4% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2010 when the market value increased by 17% year-to-year. In that year, the ginger market attained its peak level and is likely to continue its growth in the immediate term.
From 2007 to 2010, the most notable rate of growth in terms of ginger consumption, amongst the main consuming countries, was attained by Nepal, while the other leaders experienced more modest paces of growth.
In value terms, the largest ginger markets in Asia were India ($712M), Nepal ($373M) and Bangladesh ($286M), with a combined 61% share of the total market.
India experienced the highest growth rate of ginger market, among the main consuming countries over the last three-year period, while the other leaders experienced more modest paces of growth.
In 2010, the highest levels of ginger per capita consumption was registered in Nepal (7,776 kg per 1000 persons), followed by Thailand (2,132 kg per 1000 persons), Japan (926 kg per 1000 persons) and Bangladesh (693 kg per 1000 persons), while the world average per capita consumption of ginger was estimated at 336 kg per 1000 persons.
From 2007 to 2010, the average annual rate of growth in terms of the ginger per capita consumption in Nepal amounted to +9.7%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Thailand (+8.6% per year) and Japan (-4.1% per year).