After ranking in 2019 as the third-largest supplier of ginger in the world, with a 5% share globally, in 2020 Peruvian ginger exports recorded a significant rebound: during the first quarter of the year, Peruvian ginger exports totaled 4,536 tons worth 10 million dollars, i.e. 94% more volume and 60% more value than in the same period of 2019.
This good start to 2020 was influenced by the international context. China (the main supplier of ginger, with a 61% global share) was forced to close its borders and reduce shipments to prevent the spread of COVID-19. In this period, Chinese ginger exports totaled 137,725 tons worth 160 million dollars, i.e. 5% less volume and 10% more value over the year, revealing the impact the virus had in the country.
Although China supplies more than 60 countries in the world, it only competes directly with Peru in 15 of them. The most outstanding of these are the United States and the Netherlands, where Peru directed 82% of its exports during the first quarter.
The United States is the main destination for Peruvian ginger exports. During the first three months of the year, the North American country imported 22,519 tons of ginger for $ 30.3 million, i.e. 3% more volume and 6% more value than in the same period in 2019.
In the first quarter, US imports of Chinese ginger totaled 14,334 tons and $12.4 million, i.e. 15% and 33% lower volume and value, respectively.
During the same period, the United States imported 3,809 tons of Peruvian ginger for $ 9.2 million, i.e. 164% more volume and 97% more value. This extraordinary result caused Peru to increase its market share from 7% in the first quarter of 2019 to 17% in the first quarter of 2020.
The Netherlands was the second most important destination for Peruvian ginger exports. In the first quarter of 2020, the European country imported 18,376 tons of ginger for $ 33.1 million, i.e. 10% less volume and 16% more value compared to the same period in 2019.
In the first quarter, the Netherlands imported 14,855 tons of Chinese ginger for 27.2 million dollars, i.e. 12% and 23% less volume and value, respectively.
During the same period, the Netherlands imported 1,403 tons of Peruvian ginger for $ 2.7 million, i.e. 67% more volume and 25% more value. Thus, Peru increased its market share from 4% in the first quarter of 2019, to 8% in the same quarter of 2020.
Source: Fresh Fruit / agraria.pe