Republic of Korea - Apple Juice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingApple Juice Price in South Korea - 2022
Contents:
- Apple Juice Price in South Korea (CIF) - 2022
- Apple Juice Price in South Korea (FOB) - 2022
- Apple Juice Imports in South Korea
- Apple Juice Exports in South Korea
Apple Juice Price in South Korea (CIF) - 2022
In 2022, the average apple juice import price amounted to $938 per ton, falling by -3.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 19% against the previous year. The import price peaked at $1,038 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
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 Chile ($1,520 per ton), while the price for Uzbekistan ($418 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Apple Juice Price in South Korea (FOB) - 2022
The average apple juice export price stood at $1,741 per ton in 2022, reducing by -9.1% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, apple juice export price increased by +45.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 40% against the previous year. Over the period under review, the average export prices reached the maximum at $1,916 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,946 per ton), while the average price for exports to the United States stood at $1,385 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Apple Juice Imports in South Korea
In 2022, after three years of growth, there was significant decline in supplies from abroad of apple juice (single strength), when their volume decreased by -21.3% to 4.3K tons. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 105% against the previous year. As a result, imports reached the peak of 5.4K tons, and then dropped notably in the following year.
In value terms, apple juice imports reduced sharply to $4M in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 94%. As a result, imports reached the peak of $5.3M, and then contracted notably in the following year.
Import of Apple Juice in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 513 | 555 | 1,182 | 2,171 | 61.8% |
United States | 756 | 1,505 | 1,306 | 854 | 4.1% |
Chile | 8.3 | 34.0 | 84.8 | 711 | 340.8% |
Turkey | 0.8 | 29.3 | 90.6 | 95.9 | 393.1% |
Uzbekistan | 12.7 | 24.4 | 27.1 | 33.2 | 37.8% |
Australia | 91.7 | 172 | 15.7 | 31.5 | -30.0% |
Cyprus | 98.8 | 96.8 | 102 | N/A | 1.6% |
France | 115 | 143 | 167 | N/A | 20.5% |
Italy | 8.4 | 93.1 | 350 | N/A | 545.5% |
Others | 115 | 74.5 | 1,958 | 108 | -2.1% |
Total | 1,720 | 2,727 | 5,283 | 4,005 | 32.5% |
Top Suppliers of Apple Juice to South Korea in 2022:
- Spain (2594.8 tons)
- United States (919.1 tons)
- Chile (468.0 tons)
- Uzbekistan (79.5 tons)
- Turkey (69.2 tons)
- Australia (23.7 tons)
Apple Juice Exports in South Korea
Apple juice exports from South Korea reduced remarkably to 184 tons in 2022, waning by -23.7% on the previous year's figure. Over the period under review, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 89%. As a result, the exports reached the peak of 241 tons, and then shrank dramatically in the following year.
In value terms, apple juice exports dropped rapidly to $321K in 2022. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 158%. As a result, the exports reached the peak of $462K, and then dropped notably in the following year.
Export of Apple Juice in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 10.7 | 14.1 | 28.0 | 224 | 175.6% |
Hong Kong SAR | 29.2 | 48.6 | 59.1 | 86.1 | 43.4% |
Spain | 58.9 | N/A | N/A | N/A | 0% |
China | 8.4 | 36.5 | 54.8 | N/A | 155.4% |
Vietnam | 70.4 | 60.0 | 92.8 | N/A | 14.8% |
Taiwan (Chinese) | 4.1 | 3.2 | 155 | N/A | 514.9% |
Others | 10.4 | 16.7 | 72.9 | 10.6 | 0.6% |
Total | 192 | 179 | 462 | 321 | 18.7% |
Top Export Markets for Apple Juice from South Korea in 2022:
- United States (161.8 tons)
- Hong Kong SAR (21.8 tons)
This report provides an in-depth analysis of the apple juice 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 518 - Apple Juice
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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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 VOLUME AND VALUE
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
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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
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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
- 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
- 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
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