What is the price of ginseng roots per kilogram/pound in Singapore today?
The retail price range for Singapore ginseng roots is between US$ 28.05 and US$ 38.70 per kilogram or between US$ 12.72 and US$ 17.55 per pound(lb). Click here to see today's exact prices of ginseng roots in Singapore
The retail price range in Singapore Dollar for ginseng roots is between SGD 37.72 and SGD 52.04 per kilogram or between SGD 17.11 and SGD 23.60 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore ginseng roots is between US$ 19.64 and US$ 27.09 per kilogram or between US$ 8.91 and US$ 12.29 per pound(lb).
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Singapore Ginseng Roots Export Prices - Historical, Trends and Prediction
The export price per kilogram of Ginseng roots from Singapore has seen a steady increase over the last five years. In 2017, the price was 147.67 US $ per kg, followed by 139.44 US $ per kg in 2018. In 2019, the price dropped to 109.04 US $ per kg, before increasing again to 151.00 US $ per kg in 2020. The most recent data shows that the price has dropped to 36.10 US $ per kg in 2021. Based on this trend, it is likely that the export price per kilogram of Ginseng roots from Singapore will continue to fluctuate in the coming years, with an estimated price of around 140 US $ per kg in 2023 and 145 US $ per kg in 2024.Singapore Ginseng Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Ginseng roots into Singapore has been quite volatile over the last five years. In 2016, the price was $128.64, which was the highest in the five-year period. This was followed by a sharp decline in 2017 to $147.67. In 2018, the price dropped further to $139.44, and then rose again in 2019 to $109.04. In 2020, the price increased to $151.00, and then dropped again in 2021 to $36.10. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data, it is likely that the prices will remain volatile and could potentially fluctuate between $100 and $150 per kilogram.Export values for Singapore ginseng roots
The total values in export for ginseng roots in Singapore were US$ 5,017, US$ 4,873, US$ 5,438 and US$ 2,835 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in Singapore: 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.
Singapore ginseng roots - Production, Exports, Imports, Seasons and HS Codes
The amount of ginseng roots shipped by Singapore in 2020 was 19 metric tons. In 2019 Singapore exported 26 tonnes of ginseng roots. For the year 2019 alone, the market for Singapore ginseng roots (tubers category) has shrunk, changing by -33.333 per cent compared to the year 2018. Between 2017 and 2019, ginseng roots' exports reduced by -21.21 pc earning the nation US$2.84m for the year 2019. Singapore's ginseng roots exports are classified as:
- Ginseng roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121120)
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Singapore ginseng roots export values
In 2019, Singapore sold ginseng roots with a value of 2.84m USD, a contraction of -47.77% from 2018's total ginseng roots export of 5.438m USD. The yearly change in value of Singapore ginseng roots between 2017 to 2018 was 11.595%.
The yearly variation in the amount of Singapore's ginseng roots exports between 2017 and 2019 was -21.21% compared to a variation of -33.333% in the period between 2018 and 2019.
Singapore's share of the world's total ginseng roots' exports in 2019 was less than 1%. The country is ranked position 30 in world exports of ginseng roots.
Export markets for Singapore ginseng roots ( in '000$ )
Import/Export Trends
Singapore is a net importer of ginseng roots. The annual growth of Singapore ginseng roots in value between 2015 to 2019 was -32%, per year, while annual growth in quantity during the same period was %, per annum.
Singapore brought in 120 tonnes of ginseng roots in 2019.