Export Overview of Top 10 Countries
See the export trend of top 10 fresh ginger exporting countries that have the highest export values. The export value in 2020 for top 3 countries were US$ 419.3m for China, US$ 150.56m for Netherlands and US$ 109.6m for Peru.
Top 3 countries by export values in 2020 ( Source: Tridge.com )
Here is full list of 10 countries that exported the highest dollar value worth during 2020:
- China – $419m ( 42.5% )
- Netherlands – $150m ( 15.26% )
- Peru – $109m ( 11.11% )
- India – $78m ( 7.93% )
- Brazil – $54m ( 5.52% )
- Thailand – $53m ( 5.38% )
- Nigeria – $22m ( 2.27 % )
- Spain – $12m ( 1.24 % )
- Germany – $8.6m ( 0.87% )
- Taiwan – $8.4m ( 0.85% )
On a global scale, Asia accounts for a majority with over 50% of export value, followed by Europe is about 20% and South America is about 20%.
Top countries by infographic ( Source: Tridge.com )
The export flow of Ginger in 2020 mainly directing from Asia to America and Europe in which China to Netherlands, China to USA and China to Japan… is accounts for over 40% of total.
Below is the top trade flow and export value accordingly: ( Source: Tridge.com )
The global ginger market is set to reach USD 4.8 Billion by 2027, growing at a CAGR of 5.4% over the period 2020-2027. During the same period, from 2020 to 2027, Chinese ginger exports are forecasted to reach USD 1 Billion by the year 2027 and Canadian and Japanese exports are set to increase at a rate of 4.8% and 2.9% respectively, with Germany is set to grow at a rate of 3.4%. Fresh ginger exports are projected to grow at a rate of 6.1%, reaching USD 1.9 Billion by2027, with dried ginger expected to grow at a rate of 5.4% over the 7 year period.
The ginger market in the US is estimated at US$910m in 2020, while China is forecasted to reach market size of USD 1 Billion by 2027. Japan and Canada each forecasted to grow at 2.9% and 4.8% respectively over the 2020 – 2027 period.