Shaanxi Bolin Biotechnology Co.,Ltd
2018 China's plant extract export market TOP10,
------------------the United States, Japan, Indonesia, the top three
According to customs statistics, in 2017, China's export of plant extracts was US$2.01 billion, up 4.33% year-on-year. It successfully reversed the unfavorable situation of 10.93% in the same period of 2016. The export volume was 79,700 tons, and the decline was also narrowed from 14.29% to 4.15. %.
In 2018, the export value of the plant extract industry began to show an upward trend, which was a significant increase compared with the same period last year. So what are the main exporting countries of plant extracts in China? What are the main export varieties?
TOP1: US market
In the first quarter, China’s exports of US extracts amounted to US$115 million, an increase of 6.2% from the first quarter of last year, accounting for 19.98% of total exports. For a long time, the United States has been the largest exporter of plant extracts in China, but once Trump The government imposed 3,000 tariff policies, and China’s exports to the United States may be greatly restricted.
TOP2: Japanese market
In the first quarter, China’s exports of Japanese extracts were US$66 million, a year-on-year increase of 12%, accounting for 11.49% of total exports. Maintained steady growth.
The main extract products for export are Hanfang extract, licorice hydrochloride, menthol, rutin and so on. It can be seen that the main export to Japan is mainly based on spices.
TOP3: Indonesian market
In the first quarter, my export value of Indonesian extracts was US$47 million, an increase of 181% year-on-year, accounting for 8.3% of total exports. The market for Indonesian extracts grew rapidly and market potential broke out.
Indonesia is the largest export destination of flavors and fragrances in China, and its export varieties are mainly flavor and spice plant extracts.
TOP4: Hong Kong market
TOP5: German market
TOP6: Indian market
TOP7: Spanish market
TOP8: French market
TOP9: Korean market
TOP10: Malaysia market
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