Vietnamese Ginger Exports Soar, Captivating China & India!
Vietnam’s ginger industry is experiencing a remarkable boom, capturing the attention of major markets like China and India. With its rich aroma, bold flavor, and competitive pricing, Vietnamese ginger has solidified its position as a sought-after commodity in the international spice trade.
Ginger Exports Soar in 2024
According to the Vietnam Pepper and Spice Association (VPSA), Vietnam exported 29,544 tons of ginger, turmeric, and other spices in 2024, generating a total export revenue of $59.5 million. While export volume saw a slight 15.5% decline compared to 2023, the overall revenue surged by 20.7%, highlighting the increasing global demand and the premium quality of Vietnamese spices.
Shifting Market Dynamics
Vietnamese ginger’s export landscape has witnessed significant changes in recent years. In 2023, China was the largest importer, purchasing over 10,271 tons, followed by Bangladesh, India, and Laos. However, in 2024, Indonesia, India, and Pakistan emerged as the top buyers of Vietnamese ginger, marking a shift in market preferences and expansion into new territories.
Why Vietnamese Ginger?
Vietnamese ginger has gained traction due to its: ✔ Strong Aroma & Bold Flavor – A distinguishing factor in international markets. ✔ Competitive Pricing – More affordable compared to local produce in many importing countries. ✔ High Demand in Cold Climates – Used extensively in herbal remedies and culinary applications. ✔ Versatility in Processing – Popular in fresh, frozen, and processed forms, such as pickled ginger and ginger powder.
Premium Pricing & Global Demand
Ginger commands premium prices in various markets. In Australia, for instance, ginger is priced between 9-13 AUD/kg (approximately 150,000-200,000 VND/kg), primarily catering to restaurants and high-end food suppliers. Beyond fresh ginger, processed ginger products such as candied ginger, dried ginger, and ginger-infused beverages are gaining popularity, especially in regions with colder climates.
Vietnam’s Expanding Spice Market
Vietnam has consistently ranked among the world’s top spice exporters, with an annual export turnover of $1.5 billion. This figure is expected to reach $2 billion by 2025, with a projected 500,000 tons of spice exports.
Ginger is not the only spice making waves—Vietnamese turmeric exports reached $3 million in 2024, marking a 14-fold increase compared to 2023. Meanwhile, garlic exports tripled, hitting $4.7 million, and chili exports reached 7,326 tons in just the first half of 2024, generating $17.9 million in revenue.
Sustainable Growth & Future Prospects
To maintain Vietnam’s dominance in the global spice market, industry experts emphasize the need for: ✔ Market-Specific Strategies – Tailoring production to meet the quality and safety standards of different countries. ✔ Value-Added Processing – Expanding into processed products to enhance market competitiveness. ✔ Sustainable Farming Practices – Encouraging organic farming and sustainable sourcing to meet rising consumer demand for eco-friendly products.
Vietnam’s ginger export success story is just one chapter in the country’s broader ambitions in the spice trade. With strategic investments in production, processing, and market expansion, the future looks promising for Vietnam’s spice industry.
At VietGlobal Export, we take pride in bringing premium Vietnamese ginger and other top-quality spices to global markets. Contact us today to explore sourcing opportunities and experience the best of Vietnam’s spices!
