Analysis of Market Situation of Glycyrrhizae and Its Products in China

Due to the shortage of licorice resources in China in recent years, plus the duty-free import of licorice in 2008, the import of licorice by enterprises shows a growing trend, which can ease the shortage of licorice resources in China, but it also leads to the rising import prices of licorice.

Export quantity and amount

Fresh or dry licorice 2010 customs statistics, China exported a total of 3,376.88 tons of fresh or dried licorice, an increase of 38.08%; export value of 14,084,400 US dollars, an increase of 48.69%; export unit price growth of 7.68%. General trade exports were 3008.79 tons, an increase of 26.06% year-on-year; export value was 13,100,600 USD, an increase of 40.72% year-on-year; export unit price increased by 11.63% year-on-year. The rise in export prices continues to be affected by the shortage of resources and major factors in the international market.

Licorice juice and extract 2010 customs statistics, China exported a total of 4207.77 tons of licorice juice and extracts, a year-on-year decrease of 3.02%; export value of 1974.26 million US dollars, an increase of 2.52%; export unit price growth of 5.72%. The export volume of general trade was 1,087.74 tons, a year-on-year decrease of 8.99%; the export value was 5,042,200 dollars, a year-on-year decrease of 22.71%; the export unit price decreased by 15.07% year-on-year.

Glycyrrhiza acid salts and their derivatives In 2010, customs statistics showed that China exported a total of 793.42 tons of glycyrrhizic acid salts and their derivatives, which represented a year-on-year growth of 15.65%. The export value was 35,007,900 USD, an increase of 14.29% year-on-year, and the unit price of exports fell by 1.18% year-on-year. General trade exports 466.2 tons, an increase of 31.28%; export value of 20,527,700 US dollars, an increase of 2.33%; export unit price decreased by 22.05%.

Export market

Fresh or dried licorice According to customs statistics, general trade was exported to 13 countries and regions in 2010. Asia is still the main market for fresh or dry licorice exports in China, accounting for 81.95% of total exports, of which ASEAN accounts for 6.09%; exports to Europe account for 15.51%; exports to North America account for 2.54%.

Licorice juice extract and extracts customs statistics, general trade exports in 2010 to 18 countries and regions. Europe remains the major export market for licorice juice and extracts in China, accounting for 54.26% of total exports. Asia is the second market, accounting for 34.33%, North America 8.59%, Oceania 1.46%, and Latin America 0.91%.

Customs statistics on glycyrrhizic acid salts and their derivatives. In 2010, general trade was exported to 20 countries and regions. Asia is still the absolute major market, accounting for 88.09%, Europe accounts for 9.21%, and North America accounts for 2.49%.

Import situation

Fresh or dried licorice imported a total of 4778.41 tons (including imports from processing trade enterprises) in the country in 2010, an increase of 57.96% year-on-year, with an import value of USD 3.8912 million, an increase of 71.84% year-on-year, and an average import price of USD 0.81 per kg. An increase of 8.79%.

Due to the shortage of licorice resources in China in recent years, plus the duty-free import of licorice in 2008, the import of licorice by enterprises shows a growing trend, which can ease the shortage of licorice resources in China, but it also leads to the rising import prices of licorice.

The main countries and regions that import licorice in China are 4775.41 tons in Asia, accounting for 99.58% of imports, of which 2281.05 tons in Uzbekistan, accounting for 47.74%.

Licorice juice and extract

According to customs statistics in 2010, a total of 16 companies imported licorice liquor and extracts, and the import volume was 1,627.32 tons (including imports from processing trade enterprises), which was a decrease of 61.27% year-on-year. The import amount was US$8.3266 million, a year-on-year decrease of 63.43%. The average import price was It was US$5.12/kg, down 5.57% year-on-year. Among them, 98.21% of imports are imported materials (processing) trade methods.

The main import market for liquorice juice and extracts was Asia, which accounted for 62.31% of imports, followed by the United States with 36.9% and Europe with only 0.16%. Among them, Turkmenistan in Asia accounted for 62.16%.

Glycyrrhizic acid salts and their derivatives

According to customs statistics in 2010, a total of 67 companies imported glycyrrhizic acid salts and their derivatives. The import volume was 510.46 tons (including imports from processing trade enterprises), which was a year-on-year increase of 21.08%. The import value was 6.551 million US dollars, an increase of 11.45% over the same period of last year. The unit price was US$12.83/kg, a year-on-year decrease of 7.95%. Among them, 99.99% of imports are processed by incoming materials.

The main import countries of glycyrrhizic acid salts and their derivatives are 391 tons of Uzbekistan, accounting for 76.6% of the import volume; China 94 tons, accounting for 18.42%; Azerbaijan 20 tons, accounting for 3.92%.