What is the price of licorice roots per kilogram/pound in China today?
The retail price range for China licorice roots is between US$ 0.62 and US$ 1.43 per kilogram or between US$ 0.28 and US$ 0.65 per pound(lb). Click here to see today's exact prices of licorice roots in China
The retail price range in Yuan Renminbi for licorice roots is between CNY 4.35 and CNY 10.03 per kilogram or between CNY 1.97 and CNY 4.55 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China licorice roots is between US$ 0.43 and US$ 1.00 per kilogram or between US$ 0.20 and US$ 0.45 per pound(lb).
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China Licorice Roots Export Prices - Historical, Trends and Prediction
The export price per kilogram of Licorice roots from China has seen a steady decline over the last five years. In 2017, the price was 7.17 US dollars per kg, which dropped to 6.38 US dollars per kg in 2019. The price then decreased further to 6.33 US dollars per kg in 2020 and 6.09 US dollars per kg in 2021. The most recent data shows that the export price per kilogram of Licorice roots from China is 6.34 US dollars. Based on this trend, it is predicted that the export price per kilogram of Licorice roots from China will be 6.25 US dollars in 2023 and 6.17 US dollars in 2024.China Licorice Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Licorice roots into China has seen a steady decline over the past five years. In 2017, the price was 7.17 US dollars per kg, which dropped to 7.08 US dollars per kg in 2018. In 2019, the price decreased further to 6.38 US dollars per kg, and in 2020, it dropped to 6.33 US dollars per kg. The price then saw a slight increase in 2021, reaching 6.09 US dollars per kg, before rising again to 6.34 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Licorice roots into China will continue to decrease in the coming years. We can predict that the price in 2023 will be around 6.19 US dollars per kg, and in 2024, it will be around 6.04 US dollars per kg.Export values for China licorice roots
The total values in export for licorice roots in China were US$ 26,183, US$ 15,822, US$ 20,829 and US$ 16,534 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), Ginseng roots, Chicory roots & Cocoyam.
See prices of licorice roots in other countries across Asia: Kazakhstan licorice roots, Kyrgyzstan licorice roots, Tajikistan licorice roots, Turkmenistan licorice roots, Uzbekistan licorice roots, China licorice roots, Hong Kong licorice roots, Macao licorice roots, North Korea licorice roots & Mongolia licorice roots.
China licorice roots - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 2,591 tonnes of licorice roots. For the year 2019 alone, the demand for China licorice roots (tubers category) has shrunk, flactuating by -11.961 per cent compared to the year 2018. Between 2017 and 2019, licorice roots' exports grew by 17.35 percent bringing China US$16.53m for the year 2019. China's licorice roots exports are categorised as:
- Extracts of liquorice (excluding that with a sucrose content by weight of > 10% or in the form of confectionery) (HS code 130212)
- Liquorice roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121110)
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China licorice roots export values
In 2019, China exported licorice roots with a value of 16.53m USD, a drop of -20.64% from 2018's total licorice roots export of 20.829m USD. The annual change in value of China licorice roots between 2017 to 2018 was 31.646 pc.
The yearly variation in the amount of China's licorice roots exports between 2017 and 2019 was 17.35 pc when compared to a variation of -11.961% in the growth rate between 2018 and 2019.
China's share of the world's total licorice roots' exports in 2019 was less than 1%. China is ranked number 15 in world exports of licorice roots.
Export markets for China licorice roots ( in '000$ )
China brought in 4,943 tonnes of licorice roots in 2019.