What is the price of ginseng roots per kilogram/pound in China today?
The retail price range for China ginseng roots is between US$ 24.14 and US$ 35.38 per kilogram or between US$ 10.95 and US$ 16.04 per pound(lb). Click here to see today's exact prices of ginseng roots in China
The retail price range in Yuan Renminbi for ginseng roots is between CNY 169.30 and CNY 248.09 per kilogram or between CNY 76.78 and CNY 112.51 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China ginseng roots is between US$ 16.90 and US$ 24.76 per kilogram or between US$ 7.66 and US$ 11.23 per pound(lb).
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China Ginseng Roots Export Prices - Historical, Trends and Prediction
The export price per kilogram of Ginseng roots from China over the last five years has seen a steady decline. In 2017, the price was 47.37 US dollars per kg, dropping to 44.92 US dollars per kg in 2018. In 2019, the price decreased further to 38.71 US dollars per kg, and in 2020, the price was 42.37 US dollars per kg. In 2021, the price increased slightly to 45.62 US dollars per kg, and in 2022, the price dropped again to 44.32 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Ginseng roots from China in 2023 will be around 42.00 US dollars per kg, and in 2024, the price will be around 40.00 US dollars per kg.China Ginseng Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Ginseng roots into China has seen a steady decline over the last five years. In 2017, the import price was 47.37 US dollars per kilogram, which dropped to 44.92 US dollars per kilogram in 2018. In 2019, the import price further decreased to 38.71 US dollars per kilogram, and in 2020, it rose slightly to 42.37 US dollars per kilogram. In 2021, the import price increased to 45.62 US dollars per kilogram, and in 2022, it dropped to 44.32 US dollars per kilogram. Based on this trend, it is predicted that the import price of Ginseng roots into China in 2023 will be around 43.12 US dollars per kilogram, and in 2024, it will be around 41.92 US dollars per kilogram.Export values for China ginseng roots
The total values in export for ginseng roots in China were US$ 170,754, US$ 136,137, US$ 129,830 and US$ 139,150 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in China: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Licorice roots, Chicory roots & Cocoyam.
See prices of ginseng roots in other countries across Asia: Kazakhstan ginseng roots, Kyrgyzstan ginseng roots, Tajikistan ginseng roots, Turkmenistan ginseng roots, Uzbekistan ginseng roots, China ginseng roots, Hong Kong ginseng roots, Macao ginseng roots, North Korea ginseng roots & Mongolia ginseng roots.
China ginseng roots - Production, Exports, Imports, Seasons and HS Codes
In 2019 China shipped 3,603 tonnes of ginseng roots. For the year 2019 alone, the interest in China ginseng roots (tubers category) has surged, flactuating by 24.671 percent compared to the year 2018. Between 2017 and 2019, ginseng roots' exports increased by 25.37 pc earning the country US$139.15m for the year 2019. China's ginseng roots exports are classified as:
- Ginseng roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121120)
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China ginseng roots export values
In 2019, China exported ginseng roots costing 139.15m USD, a growth of 7.18% from 2018's total ginseng roots export of 129.83m USD. The annual growth in value of China ginseng roots between 2017 to 2018 was -4.633 percent.
The per year change in the volume of China's ginseng roots exports between 2017 and 2019 was 25.37% compared to a variation of 24.671% in the period between 2018 and 2019.
China's share of the world's total ginseng roots' exports in 2019 was 3.5%. The country holds number 8 in world exports of ginseng roots.
Export markets for China ginseng roots ( in '000$ )
Import/Export Trends
China is a net exporter of ginseng roots. The annual growth of China ginseng roots in value between 2015 to 2019 was 4%, per annum, while annual growth in quantity during the same period was -2%, per annum.
China purchased 1,558 tonnes of ginseng roots in 2019.