What is the price of ginseng roots per kilogram/pound in Canada today?
The retail price range for Canada ginseng roots is between US$ 43.42 and US$ 135.24 per kilogram or between US$ 19.69 and US$ 61.33 per pound(lb). Click here to see today's exact prices of ginseng roots in Canada
The retail price range in Canadian Dollar for ginseng roots is between CAD 58.61 and CAD 182.56 per kilogram or between CAD 26.58 and CAD 82.79 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada ginseng roots is between US$ 30.40 and US$ 94.67 per kilogram or between US$ 13.78 and US$ 42.93 per pound(lb).
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Canada Ginseng Roots Export Prices - Historical, Trends and Prediction
The export price per kilogram of Ginseng roots from Canada has seen a steady decline over the last five years. In 2017, the price was 55.73 US dollars per kilogram, dropping to 47.41 US dollars per kilogram in 2018 and 35.36 US dollars per kilogram in 2019. In 2020, the price decreased further to 26.01 US dollars per kilogram and remained at 26.03 US dollars per kilogram in 2021. The most recent data shows that the export price per kilogram of Ginseng roots from Canada is 17.57 US dollars. Based on this trend, it is predicted that the export price per kilogram of Ginseng roots from Canada will be around 14.44 US dollars in 2023 and 11.31 US dollars in 2024.Canada Ginseng Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Ginseng roots into Canada has seen a steady decline over the last five years. In 2016, the price was 68.73 US dollars per kg, and in 2020, it had dropped to 26.01 US dollars per kg. This represents a decrease of 62.2%. In 2021, the price was 26.03 US dollars per kg, and in 2022, it had dropped to 17.57 US dollars per kg, a decrease of 32.7%. Based on this trend, it is likely that the import price per kilogram of Ginseng roots into Canada will continue to decrease in the next two years. We can predict that the import price per kilogram of Ginseng roots into Canada in 2023 will be around 12.44 US dollars per kg, and in 2024, it will be around 8.45 US dollars per kg.Export values for Canada ginseng roots
The total values in export for ginseng roots in Canada were US$ 181,044, US$ 176,383, US$ 119,082 and US$ 98,997 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in Canada: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Licorice roots, Chicory roots & Cocoyam.
See prices of ginseng roots in other countries across North America: Canada ginseng roots, US ginseng roots, Anguilla ginseng roots, Antigua and Barbuda ginseng roots, Bermuda ginseng roots, Bonaire, Sint Eustatius and Saba ginseng roots, St.Pierre and Miquelon ginseng roots, United States Minor Outlying Islands ginseng roots, Cayman Islands ginseng roots & Greenland ginseng roots.
Canada ginseng roots - Production, Exports, Imports, Seasons and HS Codes
The quantity of ginseng roots sold by Canada in 2020 was 3,832 metric tons. In 2019 Canada sold 2,800 tonnes of ginseng roots. Across 2019 alone, the market for Canada ginseng roots (tubers category) has gone up, recording a change of 11.465 per cent compared to the year 2018. Between 2017 and 2019, ginseng roots' exports reduced by -11.53 pc netting the country US$99.00m for the year 2019. Canada's ginseng roots exports are categorised as:
- Ginseng roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121120)
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Canada ginseng roots export values
In 2019, Canada supplied ginseng roots worth 99.00m USD, a contraction of -16.86% from 2018's total ginseng roots export of 119.082m USD. The annual reduction in value of Canada ginseng roots between 2017 to 2018 was -32.487 pc.
The per year variation in the quantity of Canada's ginseng roots exports between 2017 and 2019 was -11.53 per cent when compared to a variation of 11.465% in the growth rate between 2018 and 2019.
Canada's stake of the world's total ginseng roots' exports in 2019 was less than 1%. The country is ranked position 33 in world exports of ginseng roots.
Export markets for Canada ginseng roots ( in '000$ )
Import/Export Trends
Canada is a net importer of ginseng roots. The annual growth of Canada ginseng roots in value between 2015 to 2019 was -17%, per year, while annual growth in quantity was -2%, per annum.
Canada ordered 188 tonnes of ginseng roots in 2019.