Based on Google Analytics, we can forecast the global garlic market to grow at a CAGR of around 4.7% from 2022-to 2026. China is the largest garlic producer, accounting for 80% of the total global garlic production.
Garlic is the most important crop in most Asian countries. Therefore, the Asia Pacific region accounts for 91.0% of the global market in garlic consumption. Garlic is not only used as a condiment but is also very nutritious. Therefore, it is also driving the global market, and hence the demand for garlic powder is huge. It can also use in various food preparations such as chutneys, meat and meat products, kimchi, vegetable curry, tomato paste, etc.
Garlic prices are rising, and the major import of garlic is in Europe. Chinese garlic exports to the European garlic market are estimated at between $1,100-$1,400 per ton FOB. Due to the epidemic, the price of garlic will increase by about 40% in 2021 -2022.
Above data from Google Trends (2020-2022)
China is the world’s leading garlic exporter, producer and consumer, accounting for more than half of the world’s total exports. Jining Fenduni Foodstuff Co., Ltd. has conducted field research on the main garlic producing areas such as Shandong Jinxiang, Laiwu, and Jiangsu Pizhou, and analyzed the recent garlic industry.
Garlic Market Industry Analys in 2022
1) Analysis of garlic market production status
From the perspective of garlic market production, the total output of garlic in my country has shown a steady growth trend, the garlic planting area is relatively stable, and the planting area is relatively concentrated.
The production situation of new garlic in 2022 is not very clear at present, because there is still a long time before the harvest time in May.
2) Garlic market trend analysis
The price of garlic has been falling last week, and it is gradually becoming rational, and it is estimated that it will not continue to fall. But after this round of price cuts, garlic price are low enough to fear a rebound in the coming weeks.
The fluctuation of garlic market price is mainly affected by changes in supply and demand and capital speculation. Many distributors “enclosed” the source of garlic, and some garlic wholesaler deliberately hoarded the goods, and now they are eager to ship, resulting in a continuous decline in garlic market prices.
3) Analysis of garlic market export trade
China garlic exports are mainly fresh or refrigerated garlic, dried garlic and other primary products. In 2021, the export volume of fresh garlic or refrigerated garlic will account for 89.2% of the total export volume, and the export volume of dried garlic market will account for 10.1%. Jining Fenduni Foodstuff Co., Ltd. mainly exports to Africa, South America, Latin America, Europe and other regions. The international market demand is relatively stable, but due to the impact of sea freight and the epidemic, the export of garlic has also been greatly affected.
Q1: Has the shipping cost decreased recently? What impact does this have on garlic exports?
A1: Sea freight rates are stable, and continue to rise in some areas. The price of garlic is not too high, but the expensive shipping costs still stop some customers.
Q2: What impact will the changes in the epidemic situation in overseas markets have on the demand for garlic?
A2: The epidemic situation abroad is gradually liberalized, and the market is gradually recovering.
Q3: Which markets have relatively strong demand recently? Why?
A3: As the African month of Ramadan is approaching, the customer demand is strong.