In March, the storage garlic showed a trend of recovering indistinctly, but the price increase was not obvious, and the market was still oscillating at a low level throughout the month. With the approaching of new garlic, there is an eagerness to reduce the volume of storage garlic, and the pressure on the supply side cannot be overestimated.
At the same time, the quality problems such as frozen cloves, softness, and budding in the storage are also emerging in an endless stream, and the shipping intention of the inventors in the production area is enhanced. Some sellers with compromised garlic take the initiative to drop the price to sell. Under the influence of the pandemic, the demand from the domestic market is limited, merchants who have rigid demand buy the goods cautiously. Although the export in the second half of the season has boosted the market, the growth of the market is weak. Overall, the price is still at a new low this month since the opening of the storage.
Export summary
The total export volume of China's garlic was 191,900 tons in March 2022, with a total value of US$219,708,300 (including fresh or refrigerated garlic, other fresh or chilled garlic, dried garlic, brine garlic, garlic preserved in vinegar or acetic acid).
Among them, the volume of fresh or refrigerated garlic was about 164,200 tons, up about 27.40% year-on-year compared with the volume of 128,900 tons in the same period last year. The total export value was US$148,718,700, an increase of about 10.69% year-on-year compared with the value of US$ 134,359,900 in the same period last year.
In March 2022, the top ten countries/regions that received China's fresh or refrigerated garlic were Indonesia, Vietnam, Thailand, the United Arab Emirates, Malaysia, the Philippines, Bangladesh, Saudi Arabia, Sri Lanka, and Senegal.
Data comparison
Overall, by comparing the total exports in March from 2009 to 2022, the export volume of China's fresh or refrigerated garlic hit a record high in 2022, with a total number of 164,200 tons, followed by the number in March 2020, with 163,000 tons.
The export volume increased by about 94,300 tons compared to February 2022, and it increased by about 35,300 tons compared to the same period last year. In March, the garlic export was mainly driven by the demand from Indonesia, Thailand, the Philippines, the United Arab Emirates, and other regions. The export volume to Indonesia increased by about 20,000 tons year on year, an increase of 81%.
The price of exported garlic was 905.63 US dollars/ton in March, down about 13.12% year-on-year compared with the price of 1,042.37 US dollars/ton in the same period last year. The volume of exported fresh or refrigerated garlic was about 164,200 tons, increased by about 27.40% year-on-year compared with the volume of 128,900 tons in the same period last year.
Overall, the total export volume of garlic was 373,000 tons in the first quarter of 2022, an increase of about 0.5% compared with the first quarter of 2021. The export of China's garlic showed good momentum in the first quarter.