Market Analysis of Chinese Medicinal Herbs
The market analysis of Chinese herbal medicines in 2023 was as follows: According to the monitoring of the business society's commodity market analysis system, in the 2023 Chinese herbal medicine industry price rise and fall list, there were a total of six commodities that rose and two commodities that fell. The main varieties that rose included coshen, danggui, dwarf lilyturf, and pseudoginseng, with a large increase. Honeysuckle and Forsythia were the main commodities that fell. In the first half of 2023, the price of Chinese medicinal herbs continued to rise, breaking the periodic law. The price cycle of Chinese medicinal herbs was a small cycle of three years and a big cycle of nine years. However, this cycle had already lasted for 11 years, which was very abnormal. As of June 16,2023, the Chinese herbal medicine comprehensive 200 index closed at 3544.67 points, up 34.57% year-on-year. The price had gone out of control. The annual price increase of many varieties had already affected the strategic safety of resources. The market price of Chinese medicinal herbs rose less and fell less. The overall market situation was stabilizing. However, the recent regulation of the Chinese herbal medicine market has been increasingly strict, and the threshold of the industry has obviously increased. It is expected that the price of Chinese herbal medicines will fall slightly in the next period. Overall, the market for Chinese medicinal herbs in 2023 was hot in the first half of the year and relatively cold in the second half. Dangshen and Angelica were the varieties with the largest increase in prices. However, there were some abnormal phenomena in the Chinese herbal medicine market. Problems such as price out of control and imbalance between supply and demand needed attention.
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