2021 was a bad year for Chinese ginger exports

Published Mar 19, 2022

Tridge summary

In 2020, the global ginger market witnessed significant changes due to the pandemic, with China's exports halting leading to a 7% decrease in volume but a 26% increase in value. Despite this, China retained a 57% market share, followed by India and Thailand. Peru capitalized on the opportunity, doubling its ginger shipments and achieving a 6% market share. In 2021, Chinese exports saw a further decline, while Peru's remained stable with a 9% increase in volume but a 19% decrease in value. The market dynamics were expected to improve in 2022, but the closure of Chinese cities, including the port of Zhenzhen, due to health management issues has introduced uncertainties.

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

Original content

Due to the pandemic, China, the main supplier of the root, had to stop its exports for an extended period in 2020. This caused its remittances to suffer a 7% contraction in volume and an increase of 26% in value. At the end of 2020, China had a 57% share of the world market (7 percentage points less than in 2019). In this context, Peru managed to double its ginger shipments in volume and value, reaching a market share of 6% (3 percentage points more than the previous year). Despite its better performance, it continued to position itself as the fourth largest root supplier in the world market, behind China, India and Thailand. After a difficult year, in 2021, Chinese ginger exports continued to fall and totaled 467,382 tons for US$582 million, 5% less in volume and 15% less in value compared to the previous year. Despite the contraction in shipments, China maintained its position in the market with a 57% share; followed by India, with 14%; and Thailand, with 7%. For its part, Peru ...

Source: Freshfruit.pe