The shipping cost is still rather high and shipping times remain unreliable. Moreover, domestic ginger supply is huge and the export price is rather low, but that did not lead to an increase in export volumes. On the contrary, the export value dropped by 9.19% compared to the previous month.
China exported 39,700 tons of untreated ginger in October 2021, which is 3.81% less than in September. The export value reached 36,880,000 USD, which is a decline of 9.19% compared to September. However, the export volume increased by 41.01% compared to October 2020. Still, the export value declined by 34.20% compared to October 2020. The average price dropped by 53.33%.
China exported 837.54 tons of processed ginger (see notes at the end of the article) in October 2021. That was 14.29% less than in September. The export value declined by 6.39% to 2,175,400 USD. The export volume of processed ginger increased by 7.36% compared to October 2020, but the export value dropped by 7.84%.
In October 2021, the top ten importers of Chinese ginger were the USA, the Netherlands, Bangladesh, UAE, Malaysia, Vietnam, Saudi Arabia, the United Kingdom, Canada, and Japan.
The USA imported 5,695 tons of Chinese ginger in October, which is an increase of 90.94% compared to October 2020. The Netherlands imported 5,555 tons of Chinese ginger in October, which was 14.21% less than in the same month last year. Bangladesh imported 3,603 tons of Chinese ginger, which was an increase of 24.83%.
1. This text is primarily concerned with untreated ginger, and unless specifically mentioned otherwise, the statistics are concerned with untreated ginger.
2. Processed ginger products include salt-soaked ginger, dried ginger pieces, deep-frozen ginger slices, dried ginger powder, frozen ginger paste, and dehydrated ginger powder.
Source: Chinese Ginger Online