Czech Republic - Ginger - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Czech Republic - Ginger - Market Analysis, Forecast, Size, Trends and Insights

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Ginger Price in the Czech Republic - 2023

Contents:

  1. Ginger Price in the Czech Republic (CIF) - 2023
  2. Ginger Price in the Czech Republic (FOB) - 2022
  3. Ginger Imports in the Czech Republic
  4. Ginger Exports in the Czech Republic

Ginger Price in the Czech Republic (CIF) - 2023

In July 2023, the average ginger import price amounted to $4,163 per ton, increasing by 1.9% against the previous month. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in February 2023 an increase of 34% against the previous month. Over the period under review, average import prices reached the peak figure at $4,205 per ton in April 2023; afterwards, it flattened through to July 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Slovakia ($11,859 per ton), while the price for the Netherlands ($3,691 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Ginger Price in the Czech Republic (FOB) - 2022

In 2022, the average ginger export price amounted to $3,101 per ton, dropping by -20% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average export price increased by 63%. The export price peaked at $3,875 per ton in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($8,727 per ton), while the average price for exports to the Netherlands ($2,193 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ginger Imports in the Czech Republic

In 2022, imports of ginger into the Czech Republic rose sharply to 2.5K tons, picking up by 10% compared with 2021. Overall, imports, however, showed a noticeable slump.

In value terms, ginger imports fell rapidly to $5.3M in 2022. In general, imports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2020 when imports increased by 17%. As a result, imports attained the peak of $6.4M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Ginger in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands0.63.93.73.274.7%
Germany0.11.21.21.4141.0%
AustriaN/A0.70.70.2-46.5%
Cambodia0.20.10.10.1-20.6%
China3.2N/AN/AN/A0%
Brazil0.8N/AN/AN/A0%
Others0.70.60.80.4-17.0%
Total5.56.46.45.3-1.2%

Top Suppliers of Ginger to the Czech Republic in 2022:

  1. Netherlands (1836.8 tons)
  2. Germany (448.3 tons)
  3. Austria (69.0 tons)
  4. Cambodia (42.0 tons)

Ginger Exports in the Czech Republic

Ginger exports from the Czech Republic dropped dramatically to 388 tons in 2022, waning by -26.5% against the year before. Over the period under review, exports continue to indicate a abrupt contraction. The smallest decline of -9% was in 2020.

In value terms, ginger exports contracted significantly to $1.2M in 2022. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Ginger in the Czech Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia4588438555949.1%
Hungary527721602282-18.8%
Bulgaria11815621917413.8%
Germany17.353.157.759.851.2%
Romania98.015.37.59.6-53.9%
Poland2343581907.6-68.1%
Others79.012411578.6-0.2%
Total1,5312,2702,0471,205-7.7%

Top Export Markets for Ginger from the Czech Republic in 2022:

  1. Slovakia (214.0 tons)
  2. Hungary (99.0 tons)
  3. Bulgaria (56.1 tons)
  4. Germany (9.1 tons)
  5. Romania (1.1 tons)
  6. Poland (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ginger market in the Czech Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 720 - Ginger

Country coverage:

  • Czech Republic

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Czech Republic
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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