What is the price of ginseng roots per kilogram/pound in South Africa today?
The retail price range for South Africa ginseng roots is between US$ 15.77 and US$ 20.70 per kilogram or between US$ 7.15 and US$ 9.39 per pound(lb). Click here to see today's exact prices of ginseng roots in South Africa
The retail price range in Rand for ginseng roots is between ZAR 306.42 and ZAR 402.17 per kilogram or between ZAR 138.96 and ZAR 182.39 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa ginseng roots is between US$ 11.04 and US$ 14.49 per kilogram or between US$ 5.01 and US$ 6.57 per pound(lb).
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South Africa Ginseng Roots Export Prices - Historical, Trends and Prediction
In 2016 and 2017, the export price was US$4.60 per kg. In 2018, it increased to US$7.21. 2019 was at US$ 8.60. In 2020,2021 and 2022 it was exported at US$9.00, US$ 9.98 and US$ 10.4. It' predicted to be going for US$11.50 in 2023.
South Africa Ginseng Roots Import Prices - Historical, Trends and Prediction
The import price of Ginseng roots into South Africa has seen a steady increase over the last five years. In 2016, the price was 11.00 US$ per kg, followed by a slight decrease to 4.60 US$ per kg in 2017 and 2018. However, in 2019, the price rose to 7.21 US$ per kg and further increased to 8.60 US$ per kg in 2020. The price then dropped to 3.94 US$ per kg in 2021 and further decreased to 2.57 US$ per kg in 2022. Based on this trend, it is predicted that the import price of Ginseng roots into South Africa will be 2.30 US$ per kg in 2023 and 2.05 US$ per kg in 2024.Export values for South Africa ginseng roots
The total values in export for ginseng roots in South Africa were US$ 11, US$ 46, US$ 23 and US$ 137 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in South Africa: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Licorice roots, Chicory roots & Cocoyam.
See prices of ginseng roots in other countries across Africa: Algeria ginseng roots, Angola ginseng roots, Botswana ginseng roots, Burundi ginseng roots, Cameroon ginseng roots, Cape Verde ginseng roots, Central African Republic ginseng roots, Comoros ginseng roots, DRC Congo ginseng roots & Benin ginseng roots.
South Africa ginseng roots - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa exported 12,682 tonnes of ginseng roots. For the year 2019 alone, the interest in South Africa ginseng roots (tubers category) has surged, changing by 41.493 per cent compared to the year 2018. Between 2017 and 2019, ginseng roots' exports grew by 38.24 percent bringing South Africa US$0.14m for the year 2019. South Africa's ginseng roots exports are classified as:
- Ginseng roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121120)
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South Africa ginseng roots export values
In 2019, South Africa supplied ginseng roots costing 0.14m USD, an increment of 508.70% from 2018's total ginseng roots export of 0.023m USD. The annual growth in value of South Africa ginseng roots between 2017 to 2018 was -50%.
The yearly variation in the amount of South Africa's ginseng roots exports between 2017 and 2019 was 38.24 percent when compared to a variation of 41.493% in the growth rate between 2018 and 2019.
South Africa's stake of the world's total ginseng roots' exports in 2019 was less than 1%. The country is ranked position 39 in world exports of ginseng roots.
Export markets for South Africa ginseng roots ( in '000$ )
Import/Export Trends
South Africa is a net exporter of ginseng roots. The annual growth of South Africa ginseng roots in value between 2015 to 2019 was -7%, per year, while annual growth in quantity was -21%, per annum.
South Africa imported 2 tonnes of ginseng roots in 2019.