China is one of the top ginger exporting countries in the world, representing 54% of the total market share. Chinese fresh ginger exports have steadily grown over the past 5 years, increasing from USD 416.6 million in 2015 to USD 697.4 in 2020, an increase of close to 67%. During 2020, Its export volume went up in the global ginger exports and export volume going up to 502 thousand metric tons. The country exports ginger throughout the year however the exports pick up pace in February end and lasts July- August. During the first four months of 2021, China’s ginger exports fell by 31.7% compared to the same period last year.
China’s ginger exports are under great pressure this season due to its high price in the global market. The following incidents have increased the price of Chinese ginger relative to other ginger exporting countries:
China has witnessed a bountiful ginger harvest this year, and the average is higher than last year. However, weak demand and ample supply in the domestic market have resulted in falling ginger prices in Chinese markets while the export prices continue to soar. The outlook for Chinese exports in 2021 does not seem very optimistic if the shipping prices continue to rise and the container shortage prevails.
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