For Southeast Asian dried flower exporters, 2025 presented a bewildering paradox. Alibaba.com data shows that while the total trade value for the category declined by 12.85% year-over-year, the number of active international buyers actually increased by 15.3%. This counterintuitive trend signals a fundamental shift in the market’s structure, not a simple contraction in demand [1].
The real story lies in the collapsing efficiency of connecting with these buyers. The AB Rate (the percentage of visitors who become active buyers) has plummeted from a peak of 6.38% in April 2025 to just 2.55% by January 2026. Simultaneously, the Supply-Demand Ratio—the number of products available per active buyer—has skyrocketed from 15.7 to nearly 50. This means every single buyer is now faced with an overwhelming sea of nearly 50 product listings, most of which are indistinguishable from one another [1].
This is the crux of the problem: a massive influx of new sellers, whose numbers grew by 28.5% YoY, has flooded the market with generic, low-differentiation products [1]. These sellers are competing on price for the same pool of buyers searching for basic terms like 'dried flowers', driving down margins and visibility for everyone. The market is no longer rewarding volume; it is punishing a lack of specificity.

