The active selling trend of stock garlic in March is looming, but the price increase is not obvious, and the market is still fluctuating at low level throughout the month. With the approaching time of new garlic, the stock garlic is eager to be sold, and the pressure of the market supply can not be underestimated. The active selling trend of stock garlic in March is looming, but the price increase is not obvious, and the market is still fluctuating at low level throughout the month. With the approaching time of new garlic, the stock garlic is eager to be sold, and the pressure of the market supply can not be underestimated. The active selling trend of stock garlic in March is looming, but the price increase is not obvious, and the market is still fluctuating at low level throughout the month. With the approaching time of new garlic, the stock garlic is eager to be sold, and the pressure of the market supply can not be underestimated. 

The price trend of garlic in Jinxiang in the last month

Red line- 5.5cm hybrid red garlic, Blue line- Ordinary hybrid garlic, Price: 4.18 RMB/K

The International Garlic Trade Network's data shows that China's garlic exports totaled 191,900 tons in March 2022, with a total avenue of about $220 million (including fresh or refrigerated garlic, dried garlic, salted garlic, garlic prepared or preserved in vinegar or acetic acid). 

The quantity of fresh or refrigerated garlic totaled about 164,200 tons, with a increase of 27.40% compared with 128,900 tons same period last year.

In terms of countries (as shown below), the top ten countries or regions for China's fresh or refrigerated garlic exports in March 2022 are: Indonesia, Vietnam, Thailand, the United Arab Emirates, Malaysia, Philippines, Bangladesh, Saudi Arabia, Sri Lanka and Senegal. The export volume to Indonesia was 44,400 tons, with an amount of $33,531,900. The export volume to Vietnam was 18,600 tons, with an amount of $19,770,300. The export volume to Thailand was 10,200 tons, with an amount of $9,532,900.  

In terms of province and city (as shown below): The top four provinces for China's fresh or refrigerated garlic exports in March 2022 were Shandong, Jiangsu, Henan, and Guangxi. Shandong Province exported 120,600 tons, Jiangsu Province exported 16,200 tons, Henan Province exported 12,000 tons, and Guangxi exported 3,300 tons. 

Generally, compared with the total export volume in March from 2009 to 2022, the export volume in March 2022 reached a record high, with a total volume of about 164,200 tons. The following is the export volume in March 2020 with 163,000 tons. 

Compared with the export volume in February, it increased by about 94,300 tons. And compared with the export volume last year, it increased by about 35,300 tons.  Indonesia, Thailand, the Philippines, the United Arab Emirates are the main drivers to develop garlic export in March. Indonesia's export volume increased by about 20,000 tons, that’s 81%.

The export volume exceeded expectations at the end of the first quarter of this year. On the one hand, the price trend of frozen storage garlic in March this year fluctuated at a low level, which is conducive to stimulating consumption. On the other hand, Indonesia did not purchase to supplement its domestic market in January and February. So there is a demand gap in March. Indonesia is active in replenishment, and much quotas are delegated to China, which stimulates the growth of garlic export consumption.

At the same time, the price elasticity index of exported garlic in March 2022 was -2.09 points, which was less than zero. The changes in the export unit price and export volume were different. The export volume of garlic increased, while the export unit price decreased. Shown by data from the International Garlic Trade Network, the export unit price of garlic in March was $905.63/ton, with a decrease by 13.12% compared with the export unit price of $1,042.37/ton last year. The total quantity of fresh or refrigerated garlic is about 164,200 tons, increased by 27.40% compared with the export volume of 128,900 tons last year. 

Generally, the total export volume of garlic in the first quarter of 2022 was 373,000 tons, increased about 0.5% compared with last year. Our garlic exports showed an active trend in the first quarter.

With the coming of the new harvest season, the tax reduction policy of "Regional Comprehensive Economic Partnership Agreement" (RCEP) will help to increase the competitiveness of domestic garlic and further expand the export market.