Exports fell by 10.88%

The average price of China's exported ginger continued to decline month-on-month in 2021

According to customs data, the cumulative export volume of ginger in China decreased by 10.88% in November-December 2021 compared with the same period last year. Exports throughout 2021 were lower than that in 2020, and the exports are expected to continue to decrease in January 2022, as China's ginger was hit by Brazilian, Peruvian, and Thai ginger. According to the feedback of foreign trade processing plants, although there have been orders for export in the second half of 2021, the overall profit was not high. The processing plants have no stocks for the Spring Festival.

There were 42 countries that imported ginger from China in December 2021, and the top 10 were the Netherlands, the United States, the United Arab Emirates, Malaysia, Bangladesh, Saudi Arabia, Vietnam, Pakistan, Japan, and the Philippines. The import from the Middle East and Southeast Asian countries decreased in December compared with that in November, and the demand for Chinese ginger from the United States, the United Kingdom, Canada, and other countries also decreased. Overall, the demand for ginger from foreign markets has not improved significantly.

China's ginger exports have been in a continuous decline as a whole since the second half of 2021, and showed a significant decrease compared with the same period in 2020. The average price of exported ginger has fallen from 1561.12 US dollars/ton in early 2021 to 854.43 US dollars/ton, and it decreased by 45.27%.

As the Spring Festival is approaching, the orders for exported ginger at the processing plants are not large. Some processing plants have stopped receiving gingers. Considering the lack of international demand and the soaring cost of sea freight, it is expected that the export in the next month will not increase significantly.

Source: Wo De Nong Chan Pin

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