Chinese garlic has become even cheaper, the demand for it is increasing

Published 2022년 12월 4일

Tridge summary

In October 2022, China saw an 8% increase in garlic exports, reaching 218,000 tons, due to both high stocks from the previous year and a good harvest. However, export revenue fell by over 17% due to low prices. The majority of these exports were fresh or chilled garlic, with the main markets being Indonesia, Vietnam, Malaysia, and other neighboring countries. Demand in these countries increased significantly, especially in Vietnam and the Western Asian region. Dutch traders also expressed interest in purchasing more Chinese garlic due to low prices and concerns about delivery schedules. Chinese garlic is currently being offered at $0.3 to $0.7 a kilo on alibaba.com.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In October 2022, China's garlic exports were 218,000 tons, of which fresh or chilled garlic accounted for about 192,000 tons. At this time last year, 178,000 tons of garlic left the Asian country, an increase of about 8 percent. However, the export revenue measured in dollars fell by more than 17 percent. The reason for this is that China started the sales season with large stocks from last year, which was also realized by this year's excellent harvest. Although in Europe we feel that the local market is flooded by Chinese garlic, the 8 most important target markets for Asian traders are located in neighboring regions: Indonesia, Vietnam, Malaysia, United Arab Emirates, Philippines, Thailand, Bangladesh, Pakistan, Russia. In Southeast Asian countries such as Vietnam, Malaysia, Bangladesh, Myanmar, demand increased by 40-170% year-on-year, and in the West Asian region by 30-40%. Traders also demanded more garlic from the Netherlands. In Europe, demand is motivated by two factors: ...
Source: MezoHir

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