What is the price of ginseng roots per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong ginseng roots is between US$ 87.01 and US$ 91.78 per kilogram or between US$ 39.46 and US$ 41.62 per pound(lb). Click here to see today's exact prices of ginseng roots in Hong Kong
The retail price range in Hong Kong Dollar for ginseng roots is between HKD 680.10 and HKD 717.33 per kilogram or between HKD 308.43 and HKD 325.32 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong ginseng roots is between US$ 60.91 and US$ 64.24 per kilogram or between US$ 27.62 and US$ 29.14 per pound(lb).
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Hong Kong Ginseng Roots Export Prices - Historical, Trends and Prediction
The export price of Ginseng roots from Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that in 2022, the export price per kilogram of Ginseng roots from Hong Kong was $3.05. Looking at the trend, it is likely that the export price of Ginseng roots from Hong Kong will continue to increase in the coming years. We can predict that the price per kilogram in 2023 will be around $3.20, and in 2024 it will be around $3.35.Hong Kong Ginseng Roots Import Prices - Historical, Trends and Prediction
The import price of Ginseng roots into Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.50, which increased to $2.90 in 2019. In 2020, the price rose to $3.20, and in 2021 it further increased to $3.50. The most recent data shows that the import price per kilogram of Ginseng roots into Hong Kong was $3.80 in 2022. Overall, the import price of Ginseng roots into Hong Kong has increased by 52% over the past five years. This trend is likely to continue in the coming years, and it is expected that the import price per kilogram of Ginseng roots into Hong Kong will reach $4.20 in 2023 and $4.60 in 2024.Export values for Hong Kong ginseng roots
The total values in export for ginseng roots in Hong Kong were US$ 58,276, US$ 61,954, US$ 41,229 and US$ 60,383 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in Hong Kong: 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.
Hong Kong ginseng roots - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 1,827 tonnes of ginseng roots. For the year 2019 alone, the demand for Hong Kong ginseng roots (tubers category) has escalated, flactuating by 116.983 percent compared to the year 2018. Between 2017 and 2019, ginseng roots' exports grew by 46.39 pc earning the country US$60.38m for the year 2019. Hong Kong's ginseng roots exports are classified as:
- Ginseng roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121120)
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Hong Kong ginseng roots export values
In 2019, Hong Kong supplied ginseng roots valued at 60.38m USD, a surge of 46.45% from 2018's total ginseng roots export of 41.229m USD. The annual change in value of Hong Kong ginseng roots between 2017 to 2018 was -33.452 per cent.
The per year variation in the volume of Hong Kong's ginseng roots exports between 2017 and 2019 was 46.39 per cent in comparison to a variation of 116.983% in the period between 2018 and 2019.
Hong Kong's portion of the world's total ginseng roots' exports in 2019 was less than 1%. The country holds position 18 in world exports of ginseng roots.
Export markets for Hong Kong ginseng roots ( in '000$ )
Import/Export Trends
Hong Kong is a net importer of ginseng roots. The annual growth of Hong Kong ginseng roots in value between 2015 to 2019 was 22%, per year, while annual growth in quantity through the same period was 15%, per annum.
Hong Kong purchased 3,897 tonnes of ginseng roots in 2019.