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Research Report on China's American Ginseng Import 2023-2032

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    Report

  • 50 Pages
  • February 2023
  • Region: China
  • China Research & Intelligence
  • ID: 5734094
American ginseng is a popular health food among Chinese residents. With the development of China's economy, the residents' living standard has improved, their health consciousness has increased and their consumption ability has increased, while the accelerated pace of life and the increased pressure of life have led to the gradual growth of Chinese residents' demand for health care products, which has contributed to the expansion of the American ginseng industry.

Since the production of locally grown American ginseng in China is very low, a large amount of imported American ginseng is needed every year. According to the publisher, in 2021, China imported 1,903.12 tons of American ginseng, up 137.05% year-on-year, with an import value of US$55,663,800, up 83.98% year-on-year. From January to November 2022, China imported 3,332.25 tons of American ginseng, up 90.56% year-on-year, with an import value of US$63,052,000, up 21.49% year-on-year.

In 2021, China imported American ginseng from Canada and the United States. In 2021, China imported 1,685.97 tons of American ginseng from Canada, accounting for 88.59% of the total imports of American ginseng in that year, and the import value was US$41,426,900, accounting for 74.42% of the total import value.

The analyst expects that China's American ginseng market imports will continue to rise from 2023-2032 to meet the growing Chinese ginseng consumption market.

Topics covered:

  • China's American Ginseng Import Status and Major Sources in 2018-2022
  • What is the Impact of COVID-19 on China's American Ginseng Import?
  • Which Companies are the Major Players in China's American Ginseng Import Market and What are their Competitive Benchmarks?
  • Key Drivers and Market Opportunities in China's American Ginseng Import
  • What are the Key Drivers, Challenges, and Opportunities for China's American Ginseng Import during 2023-2032?
  • What is the Expected Revenue of China's American Ginseng Import during 2023-2032?
  • What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
  • What are the Competitive Advantages of the Major Players in China's American Ginseng Import Market?
  • Which Segment of China's American Ginseng Import is Expected to Dominate the Market in 2032?
  • What are the Major Adverse Factors Facing China's American Ginseng Import?

Table of Contents

1. 2018-2022 China American Ginseng Import Analysis
1.1. Import Scale of American Ginseng in China
1.1.1. Import Volume of American Ginseng in China
1.1.2. Import Value of American Ginseng in China
1.1.3. Import Price of American Ginseng in China
1.1.4 Import Dependence of American Ginseng in China
1.2 Main Import Sources of American Ginseng in China
1.2.1. By Import Volume
1.2.2. By Import Value

2. 2018-2022 Analysis of China's Major Import Sources of American Ginseng
2.1 Canada
2.2 United States
2.3. Other Import Sources

3. China's Import of American Ginseng Outlook, 2023-2032
3.1 Factors Affecting the Import of American Ginseng in China
3.1.1 Favorable Factors
3.1.2 Unfavorable Factors
3.2 China's American Ginseng Import Forecast, 2023-2032
3.2.1 Import Volume Forecast
3.2.2. Forecast of Major Import Sources

Methodology

Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.

Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.

Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.

The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.

The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.

1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.


 

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