Republic of Korea - Almonds - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingAlmond Price in South Korea - 2022
Contents:
- Almond Price in South Korea (FOB) - 2022
- Almond Price in South Korea (CIF) - 2022
- Almond Exports in South Korea
- Almond Imports in South Korea
Almond Price in South Korea (FOB) - 2022
The average almond export price stood at $12,762 per ton in 2022, declining by -47.2% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2020 an increase of 59%. Over the period under review, the average export prices reached the peak figure at $24,183 per ton in 2021, and then fell remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($21,571 per ton), while the average price for exports to Hong Kong SAR ($9,045 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+20.2%), while the prices for the other major destinations experienced a decline.
Almond Price in South Korea (CIF) - 2022
The average almond import price stood at $22,249 per ton in 2022, picking up by 12% against the previous year. Overall, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 52%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($23,967 per ton), while the price for China ($7,250 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Almond Exports in South Korea
In 2022, the amount of almonds exported from South Korea contracted rapidly to 1.2 tons, waning by -52.2% against the previous year. In general, exports saw a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 574% against the previous year. As a result, the exports attained the peak of 2.5 tons, and then declined notably in the following year.
In value terms, almond exports declined rapidly to $15K in 2022. Over the period under review, exports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2021 with an increase of 774%. As a result, the exports attained the peak of $60K, and then fell sharply in the following year.
| Export of Almond in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mongolia | N/A | 3.7 | 11.0 | 11.2 | 74.0% |
| Macao SAR | N/A | N/A | N/A | 2.7 | 0% |
| Hong Kong SAR | N/A | N/A | 1.4 | 1.0 | -28.6% |
| China | 13.1 | N/A | N/A | N/A | 0% |
| United States | 1.5 | N/A | 33.0 | N/A | 369.0% |
| Taiwan (Chinese) | N/A | 2.8 | 4.9 | N/A | 75.0% |
| Australia | N/A | N/A | 9.7 | N/A | 0% |
| Others | N/A | 0.3 | 0.4 | 0.3 | 0.0% |
| Total | 14.7 | 6.9 | 60.5 | 15.3 | 1.3% |
Top Export Markets for Almond from South Korea in 2022:
- Mongolia (946.0 kg)
- Macao SAR (126.0 kg)
- Hong Kong SAR (110.0 kg)
Almond Imports in South Korea
In 2022, overseas purchases of almonds were finally on the rise to reach 473 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a precipitous descent.
In value terms, almond imports surged to $11K in 2022. Over the period under review, imports, however, showed a dramatic curtailment.
| Import of Almond in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.0 | 1.4 | 2.4 | 6.6 | 48.9% |
| Israel | N/A | 3.5 | 2.9 | 3.6 | 1.4% |
| China | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Spain | 20.6 | 12.0 | 0.8 | N/A | -80.3% |
| Others | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Total | 22.6 | 17.0 | 6.5 | 10.5 | -22.5% |
Top Suppliers of Almond to South Korea in 2022:
- United States (300.0 kg)
- Israel (152.0 kg)
- China (8.0 kg)
This report provides an in-depth analysis of the almond market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 221 - Almonds
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
576
This report provides an in-depth analysis of the almond market in Republic of Korea.
474
This report provides an in-depth analysis of the nuts market in Republic of Korea.
464
This report provides an in-depth analysis of the shelled walnut market in Republic of Korea.
132
This report provides an in-depth analysis of the shelled hazelnut market in Republic of Korea.
912
This report provides an in-depth analysis of the walnut market in Republic of Korea.
1050
This report provides an in-depth analysis of the pistachio market in Republic of Korea.
698
This report provides an in-depth analysis of the kola nut market in Republic of Korea.
746
This report provides an in-depth analysis of the hazelnut market in Republic of Korea.
1212
This report provides an in-depth analysis of the chestnut market in Republic of Korea.
540
This report provides an in-depth analysis of the areca nut market in Republic of Korea.
69
Explore the top import markets for almonds in 2023, including India, China, UAE, Spain, and more. Discover key statistics and trends in the global almond market.
1662
The global almond market revenue amounted to $10.5B in 2018, going up by 6.5% against the previous year. This figure...
1093
From 2007 to 2016, the value of the global almond market showed a stable dynamic trend. However, in 2016, the value of the the global almond market dropped to X billion USD. One of the main reasons for this can be explained by the favourable weather
4110
Global almond consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2679
In 2015, the country with the largest volume of the almond output was the United States (X thousand tons), accounting for X% of global production.
1244
The U.S. seized control of almond market. In 2014, the U.S. exported X thousand tons of almonds totaling X million USD, X% over the previous year. Its primary trading partner was Spain, where it supplied X% of its total almond exports in value
1328
In 2013, the U.S. and Spain were the main global suppliers of almonds with a combined share of X% of global exports. However, the fastest growing suppliers on the global almond market from 2007 to 2013 were Turkey (+X% per year) and China (+X% per
340
This article explores the top import markets for nuts, including India, Vietnam, China, Germany, Italy, Turkey, the United Arab Emirates, Mexico, Spain, and the United States. These countries showcase a diverse range of preferences in terms of nut varieties, and the statistics provided highlight their significant demand and potential for further growth in the nut market.
611
Discover the top import markets for nuts and tap into a significant growth opportunity. India, Vietnam, China, Germany, and Italy are among the leading destinations for nut exporters.
490
The world nut market is expected to reach a value of USD 92.4 billion by 2030, up from USD 66.6 billion in 2022, growing at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030.
