What is the price of ginger per kilogram/pound in Madagascar today?
The retail price range for Madagascar ginger is between US$ 10.83 and US$ 37.42 per kilogram or between US$ 4.91 and US$ 16.97 per pound(lb). Click here to see today's exact prices of ginger in Madagascar
The retail price range in Malagasy Ariary for ginger is between MGA 47,927.88 and MGA 165,569.03 per kilogram or between MGA 21,736.00 and MGA 75,087.99 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar ginger is between US$ 7.58 and US$ 26.19 per kilogram or between US$ 3.44 and US$ 11.88 per pound(lb).
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Madagascar Ginger Export Prices - Historical, Trends and Prediction
The export price per kilogram of Ginger from Madagascar over the last five years has been quite varied. In 2017, the price was 4.61 US dollars per kg, followed by a sharp increase to 8.77 US dollars per kg in 2018. However, the price dropped to 4.16 US dollars per kg in 2019 and further decreased to 2.59 US dollars per kg in 2020. The price then rose to 3.12 US dollars per kg in 2021 and 3.28 US dollars per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Ginger from Madagascar in 2023 will be around 3.44 US dollars per kg and in 2024 it will be around 3.60 US dollars per kg.The exports of ginger from Madagascar are classified as:
- Ginger (HS code 091010)
- Ginger, crushed or ground (HS code 091012)
- Ginger, neither crushed nor ground (HS code 091011)
Madagascar Ginger Import Prices - Historical, Trends and Prediction
The import price per kilogram of Ginger into Madagascar over the last five years has been quite volatile. In 2017, the price was at its highest at $4.61, before dropping to $2.59 in 2020. However, the price has been on the rise again in 2021, reaching $3.12. This year, the price has further increased to $3.28. Looking ahead, it is likely that the import price of Ginger into Madagascar will continue to fluctuate. Based on the data, we can predict that the price in 2023 will be around $3.50 and in 2024 it will be around $3.75.Export values for Madagascar ginger
The total values in export for ginger in Madagascar were US$ 377, US$ 424, US$ 693 and US$ 653 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Madagascar: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom & Anise.
See prices of ginger in other countries across Africa: Algeria ginger, Angola ginger, Botswana ginger, Burundi ginger, Cameroon ginger, Cape Verde ginger, Central African Republic ginger, Comoros ginger, DRC Congo ginger & Benin ginger.
Madagascar ginger - Production, Exports, Imports, Seasons and HS Codes
The amount of ginger shipped by Madagascar in 2020 was 436 tons. In 2019 Madagascar exported 157 tonnes of ginger. Through 2019 alone, the demand for Madagascar ginger (herbs and spices category) has gone up, changing by 98.734 % compared to the year 2018. Between 2017 and 2019, ginger's exports grew by 70.65% bringing the nation US$0.65m for the year 2019. Madagascar's ginger exports are categorised as:
- Ginger, crushed or ground (HS code 091012)
- Ginger, neither crushed nor ground (HS code 091011)
- Ginger (HS code 091010)
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Madagascar ginger export values
In 2019, Madagascar exported ginger with a value of 0.65m USD, a contraction of -6.20% from 2018's total ginger export of 0.693m USD. The yearly reduction in value of Madagascar ginger between 2017 to 2018 was 63.443%.
The yearly variation in the amount of Madagascar's ginger exports between 2017 and 2019 was 70.65 per cent when compared to a variation of 98.734% in the growth rate between 2018 and 2019.
Export markets for Madagascar ginger ( in '000$ )
Madagascar's best performing destinations for ginger are Comoros, Germany, France, Mauritius and the Netherlands.
Madagascar purchased 2 tonnes of ginger in 2019.
Production
The production of ginger in Madagascar was 384 tonnes in 2019 and is forecast to change by an average of 7.56%. The country had an estimated 117.00 hectares under ginger cultivation.