The drop in volume in China portends a great ginger campaign in Peru

Published 2023년 6월 13일

Tridge summary

Peruvian ginger exports have experienced a surge since the pandemic, rising from the 25th to the 12th position among the country's most exported agricultural products in 2021. This trend continued into 2023, with a 60% increase in volume and 76% increase in value compared to the same period in 2022, totaling 30,204 tons and US$ 40 million respectively. The average price per kilogram also increased by 10% to US$ 1.32. This growth is largely due to the Dutch market, which has compensated for the lower supply from China, the world's largest producer. Despite the potential competition from Brazil, which offers lower prices, the demand for Peruvian ginger has continued to grow, driven by its new uses in the food and medicinal industries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since the health emergency caused by COVID-19, ginger has captured the attention of the international market for its medicinal properties, which is why since then a positive impact has been seen on its exports, jumping from the 25th position of the agricultural products of Peru most exported before the pandemic to 12th place in 2021. However, in 2022 I did not achieve a good season closure and fell two places within the top. This led many to wonder if the ginger boom had come to an end. Apparently not, because since 2023 began, especially between March and May, the export of Peruvian ginger has been better than expected. In the accumulated of the year (until the end of May), shipments abroad totaled 30,204 tons for US$ 40 million, which was 60% more in volume and 76% more in value compared to the same period in 2022. On the other hand, the average price in the international market was US$ 1.32 per kilogram, 10% higher. This increase in remittances of the Peruvian product has been ...

Source: AgroForumPeru