Recent years have seen changes in the trade of licorice between Japan and China. Particularly, the price of imported Chinese licorice has been increasing every year. As the price of Chinese licorice is expected to remain high, Japanese importers may find it increasingly difficult to import licorice from China, leading to a decline in the use of Chinese licorice in Japan. Instead of focusing on the pharmacological properties of licorice, we examine data such as the price and trading volume between China and Japan in order to analyze the licorice market from an economic perspective. From our analysis, we conclude that the recent increase in the price of Chinese licorice in Japan is mainly due to the combined effect of an increase in demand and a decrease in the supply of the product. We demonstrate the need for a cultivated strain as a substitute for native Chinese strains to ensure the continued supply of licorice in Japan.
Part of the book: Licorice Ingredients