Until the late 1970’s when hydrocarbon was discovered in commercial quantity in Oloibiri, present day Bayelsa state, Agriculture remained the mainstay of the economy contributing over 90% of the Gross Domestic Product (GDP) of the country as against the less than 40% it now contributes with crop production accounting for an estimated 85%, livestock 10% and the balance made up by fisheries and forestry.
Any nation that requires economic development must look inwards to identify areas where it has comparative advantage over other nations and seek to develop the identified areas.
Apart from hydrocarbon, Nigeria has comparative in the Agricultural sector where a variety of products are produced due to the favorable climatic condition ,good soil condition and the fact that over 70% of the entire land mass of the country is arable.
Nigeria has comparative advantage in the production and export of Ginger in Africa over her counterparts due to the large arable land available for production and the conducive climatic condition.
FACTS ABOUT GINGER
History: Ginger or ginger root is the rhizome of the plant Zingiber officinale, consumed as a delicacy, medicine, or spice. It lends its name to its genus and family (Zingiberaceae). Other notable members of this plant family are turmeric, cardamom, and galangal. Ginger cultivation began in South Asia and has since spread to East Africa and the Caribbean.
Estimated National Production: Nigeria’s production in 2005 was estimated at 110000 metric tonnes (FAO).
Types: Pickled ginger, ginger tea, powdered ginger, preserved ginger, dried ginger and crystallized ginger.
Export from Nigeria: 92% of national production
Uses: The list of ginger uses is almost endless, being a pungent spicy herb and one of the more popular food spices. They range from baked products like gingerbread, ginger biscuits, ginger cookies to drinks like ginger tea, ginger beer, ginger ale, etc. Ginger contains about two percent essential oil.
The oil is extracted and distilled from rhizomes for various uses in confectionery, perfumery, beverages and pharmaceuticals. Dried ginger is used predominantly for flavouring coffee especially in the Middle East.
It contains medicinal qualities and it is also used to calm nausea and aids digestion. Dried ginger is used in many different cooking methods. It is an important spice in Asia, the Caribbean and African cooking.
Areas of Production: Ginger is produced in six states of the Federation namely, Kaduna, Nasarawa, Benue, Niger and Gombe with Kaduna as the major producer.
The total production of ginger in the world is 1,476.9 thousand tons with the total acreage of 387.3 thousand ha. India, China, Indonesia and Nepal are the major producers of ginger in the world, having production of 517.8 thousand tons, 279 thousand tons, 159 thousand tons and 154.1 thousand tons respectively. Nigeria and India have the largest area under cultivation.
The market for ginger especially the overseas market in Asia and Europe is large, expanding and sustainable because of the numerous uses of ginger.
An exporter that is able to secure a contract at the right price would have an uphill task meeting the demand of the buyer. European Union imported ginger up to 43,056 tons during 2006.Few largest importers are UK (15,962 tons), Netherlands (13,204 tons), Germany (4364 tons) and France (2666 tons).
The return on investment on the export of dry split ginger is estimated between 10%- 15%.
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At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
You can order our detailed feasibility report on the export of dry split ginger in Nigeria by clicking on the link below.
Report Title: DRY SPLIT GINGER EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
GINGER POWDER PRODUCTION, PACKAGING AND SALES (LOCAL & EXPORT) IN NIGERIA,THE FEASIBILITY REPORT
GALLSTONE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
GUM ARABIC EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HARDWOOD CHARCOAL EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
COCOA BEANS TRADING AND EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HIBISCUS FLOWER EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HOW TO MAKE HUGE PROFIT SUPPLYING COWPEA {BEANS} TO LOCAL INDUSTRIES IN NIGERIA.
COLUMBITE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
RAW CASHEW NUTS EXPORT IN NIGERIA
RAW CASHEW SUPPLY TO LOCAL INDUSTRY IN NIGERIA
GROUND NUTS EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
DRY SPLIT GINGER EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
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