Analysis Of The Export Data Of My Country's Plant Extract Market In 2020

In 2020, despite the global outbreak of the epidemic stimulating consumer demand for plant extracts of natural origin, due to the decline in export prices and export restrictions, my country’s plant extract exports in the first half of 2020 amounted to US$1.265 billion, only a year-on-year increase. An increase of 1.08%, while export prices fell 6.93% year-on-year.

2020 Overall Export Data Of Plant Extracts

From the data of the past ten years, from 2010 to 2015, my country's plant extract exports were in a period of rapid growth, but in 2016-2017 there was a significant decline. Until 2018, plant extract exports ushered in again Has achieved a record high. However, in 2019, due to the Sino-US trade friction, my country’s exports to the United States were temporarily blocked. The export value of plant extracts was US$2.372 billion, a year-on-year increase of 0.19%; the export volume was 86,900 tons, a year-on-year increase of 5.68%; the export price was US$27.3// kg, down 5.19% year-on-year. In the first half of 2020, my country’s plant extract exports amounted to US$1.265 billion, an increase of only 1.08% year-on-year, while export prices fell 6.93% year-on-year. This was mainly due to the decline in export prices caused by the continued depreciation of the US dollar, which affected the total export volume.

In the export market, the United States, Japan, India, Spain, Mexico, Germany, South Korea, Malaysia, France, and Indonesia are my country's top ten export markets for plant extracts. Among them, the United States is still my country’s largest export market for plant extracts. In the first half of 2020, exports to the United States rebounded strongly, with an export value of 304 million US dollars, a year-on-year increase of 27.97%. The main export products are stevia leaf extract, licorice extract, Ginkgo biloba extract, etc. This reflects that the United States has a large market demand for plant extracts. In the long run, the United States will continue to be the largest export market for plant extracts.

In addition, the market demand in Spain and Mexico has grown rapidly, with growth rates of 28.31% and 63.61% respectively. The Hong Kong market of China has further declined. In 2019, the export volume of plant extracts from the mainland to Hong Kong fell by 15.57%, and the export value fell by 19.92% to only 132 million US dollars. In the first half of 2020, the decline continued, and the export volume fell by 36.32%. The amount fell 35.26%. The loss of Hong Kong's advantage in re-export trade is irreversible, and more and more buyers prefer to purchase directly from the origin.

Main Export Varieties Of Plant Extracts

In terms of export varieties, the top ten hot varieties are stevia leaf extract, eucalyptus oil, menthol, marigold extract, pepper extract, licorice extract, citrus young fruit extract, bilberry extract, rutin , Ginkgo biloba extract, the export value of these ten extracts in the first half of 2020 reached 650 million US dollars, accounting for more than 50% of the total export value of extracts. Among them, the export value of stevia leaf extract reached 130 million US dollars. From the top ten export varieties from 2014 to 2019, it can be seen that stevia extract has consistently ranked first, with eucalyptus oil, menthol, marigold extract, licorice extract, bilberry extract, and rutin in the top six. The average annual ranking is in the top ten. Ginkgo biloba extract and pepper extract have been on the list for five years. The market demand for these varieties is relatively stable.