What is the price of ginseng roots per kilogram/pound in Germany today?
The retail price range for Germany ginseng roots is between US$ 58.32 and US$ 148.28 per kilogram or between US$ 26.45 and US$ 67.24 per pound(lb). Click here to see today's exact prices of ginseng roots in Germany
The retail price range in Euro for ginseng roots is between EUR 53.89 and EUR 137.00 per kilogram or between EUR 24.44 and EUR 62.13 per pound(lb) in Berlin and Leipzig.
Wholesale prices
In 2024, the approximate wholesale price range for Germany ginseng roots is between US$ 40.83 and US$ 103.79 per kilogram or between US$ 18.51 and US$ 47.07 per pound(lb).
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Germany Ginseng Roots Export Prices - Historical, Trends and Prediction
The export price of Ginseng roots from Germany over the last five years has been quite volatile. In 2017, the price was at its highest at $34.78 per kg, followed by a sharp decline to $28.79 in 2018. Prices then rose to $41.10 in 2019 and $54.47 in 2020. 2021 saw a further increase to $60.00 per kg, before dropping to $46.93 in 2022. Based on this trend, it is likely that the export price of Ginseng roots from Germany will be around $51.43 in 2023 and $58.86 in 2024.Germany Ginseng Roots Import Prices - Historical, Trends and Prediction
The import price per kilogram of Ginseng roots into Germany has seen a steady increase over the last five years. In 2017, the price was 34.78 US dollars per kg, which rose to 41.10 US dollars per kg in 2019. The highest price was recorded in 2020, when it reached 54.47 US dollars per kg. In 2021, the price dropped slightly to 60.00 US dollars per kg, before decreasing further to 46.93 US dollars per kg in 2022. Based on this data, it is likely that the import price per kilogram of Ginseng roots into Germany will continue to decrease in the next two years. We predict that the price will be around 43.00 US dollars per kg in 2023 and 40.00 US dollars per kg in 2024.Export values for Germany ginseng roots
The total values in export for ginseng roots in Germany were US$ 1,177, US$ 1,565, US$ 979 and US$ 863 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Tubers category in Germany: Seed Potatoes, Potatoes, Cassava, Sweet Potatoes, Yams, Taro (Arrowroot), Licorice roots, Chicory roots & Cocoyam.
See prices of ginseng roots in other countries across Europe: Georgia ginseng roots, Albania ginseng roots, Belarus ginseng roots, Bosnia and Herzegovina ginseng roots, Bulgaria ginseng roots, Croatia ginseng roots, Czech Republic ginseng roots, Estonia ginseng roots, Greece ginseng roots & Hungary ginseng roots.
Germany ginseng roots - Production, Exports, Imports, Seasons and HS Codes
The volume of ginseng roots exported by Germany in 2020 was 19 tons. In 2019 Germany sold 21 tonnes of ginseng roots. Across 2019 alone, the demand for Germany ginseng roots (tubers category) has decreased, recording a change of -38.235 % compared to the year 2018. Between 2017 and 2019, ginseng roots' exports reduced by -53.33 pc earning the nation US$0.86m for the year 2019. Germany's ginseng roots exports are categorised as:
- Ginseng roots, fresh or dried, whether or not cut, crushed or powdered (HS code 121120)
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Germany ginseng roots export values
In 2019, Germany exported ginseng roots valued at 0.86m USD, a decrease of -12.16% from 2018's total ginseng roots export of 0.979m USD. The yearly reduction in value of Germany ginseng roots between 2017 to 2018 was -37.444 per cent.
The yearly variation in the amount of Germany's ginseng roots exports between 2017 and 2019 was -53.33 percent when compared to a variation of -38.235% in the growth rate between 2018 and 2019.
Germany's share of the world's total ginseng roots' exports in 2019 was 6.9 pc. The country is ranked position 6 in world exports of ginseng roots.
Export markets for Germany ginseng roots ( in '000$ )
Import/Export Trends
Germany is a net importer of ginseng roots. The annual growth of Germany ginseng roots in value between 2015 to 2019 was 23%, per annum, while annual growth in quantity was 17%, per annum.
Germany ordered 134 tonnes of ginseng roots in 2019.