According to the Vietnam Pepper and Spice Association (VPSA), Vietnam exported 34,976 tons of ginger, turmeric, and others in 2023. The total export turnover of ginger and turmeric reached 49.3 million USD. Compared to the same period in 2022, the export volume increased sharply by 222.4%.
China was the leading market for purchasing ginger and turmeric from Vietnam with 10,271 tons. This was a sharp increase of 437.2% over the same period in 2022 and accounted for 29.4% of Vietnam’s ginger and turmeric export market share. Besides, the Bangladesh market accounted for 18.8% reaching 6,585 tons, an increase of 100%. India accounted for 12.6% reaching 4,394 tons, an increase of 49.9%. Laos accounted for 8.4% reaching 2,927 tons, an increase of 2,401.7%. The USA accounted for 4.3%, reaching 1,498 tons, up 33.0%.
Vietnam’s ginger and turmeric are popular in Western and Central Asia.
Currently, there are 30 member businesses of the VPSA participating in exporting ginger and turmeric, along with about 80 other businesses outside the VPSA. Vietnam’s fresh ginger is increasingly popular in Australia, India, Pakistan, and European countries. In Australia, Vietnam’s frozen ginger is consumed mainly in supermarkets, stores, and online channels. The price of Vietnam’s ginger in Australia is about 9-13 AUD/kg (150,000-200,000). Ginger is packaged in 0.5kg or 1kg, mainly for restaurants.
Vietnam’s ginger is favored in many markets because of its fragrance and rich in essential oils, which is suitable for making dishes like ginger jam or extracting essential oils.
Mr. Nguyen Van Luan (Muong Xen town, Ky Son district, Nghe An) – Director of Huong Son Agricultural Services and Handicrafts Cooperative said that each year, his cooperative purchases about 1,000 tons of ginger. to process into different products such as ginger essential oil, starch, powder, or dried ginger for both domestic consumption and export.
“Central and Western Asian countries consume a lot of ginger. Especially in Bangladesh, the demand is huge. There is no concern about the quality of Ky Son ginger, all indicators are fully met. However, they require the model and size of the ginger. So I have to buy ginger from people and then carefully sort it out before exporting,” Mr. Luan shared.
Mr. Nguyen Van Luan’s Cooperative now is one of the largest units specializing in purchasing, consuming, and exporting ginger in Nghe An. At first, the cooperative encouraged 20 households to pilot planting of completely organic ginger in an area of 10 ha. From initial successes, up to now, there are 146 households in six villages in four communes of Ky Son district participating in planting clean ginger with a total area of more than 40 ha. The yield reached 30 tons/ha, with an estimated income of about 200 million VND per ha of ginger.
According to The Vietnam Trade Offices in Australia and India, the potential for ginger export from Vietnam to these markets is huge. The price of this product is competitive. In addition to its fragrance and quality, Vietnam’s ginger is cheaper than domestic products in other countries./.