Republic of Korea - Beer - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBeer Price in South Korea - 2022
Contents:
- Beer Price in South Korea (CIF) - 2022
- Beer Price in South Korea (FOB) - 2022
- Beer Imports in South Korea
- Beer Exports in South Korea
Beer Price in South Korea (CIF) - 2022
The average beer import price stood at $887 per thousand litres in December 2022, stabilizing at the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 9.4% against the previous month. The import price peaked at $933 per thousand litres in May 2022; however, from June 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($2.0 per litre), while the price for Japan ($771 per thousand litres) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Beer Price in South Korea (FOB) - 2022
In December 2022, the average beer export price amounted to $654 per thousand litres, increasing by 1.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 an increase of 15% against the previous month. Over the period under review, the average export prices hit record highs at $767 per thousand litres in April 2022; however, from May 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was the United States ($2.5 per litre), while the average price for exports to Hong Kong SAR ($494 per thousand litres) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Beer Imports in South Korea
After two years of decline, supplies from abroad of beer increased by 5.2% to 271M litres in 2022. Overall, imports, however, saw a abrupt slump. Over the period under review, imports attained the peak figure at 360M litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, beer imports reached $225M in 2022. Over the period under review, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at $281M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Beer in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.6 | 35.1 | 40.6 | 48.5 | 1.3% |
| Netherlands | 32.6 | 44.2 | 48.0 | 32.0 | -0.6% |
| Ireland | 18.4 | 18.1 | 18.2 | 24.7 | 10.3% |
| United States | 36.4 | 37.9 | 20.4 | 23.7 | -13.3% |
| Germany | 19.4 | 19.3 | 17.3 | 20.2 | 1.4% |
| Japan | 42.6 | 6.2 | 7.6 | 18.7 | -24.0% |
| Czech Republic | 9.4 | 5.4 | 8.8 | 13.6 | 13.1% |
| Belgium | 41.4 | 29.0 | 30.6 | 8.3 | -41.5% |
| Others | 34.0 | 31.9 | 31.6 | 35.1 | 1.1% |
| Total | 281 | 227 | 223 | 225 | -7.1% |
Top Suppliers of Beer to South Korea in 2022:
- China (64.5M litres)
- Netherlands (49.8M litres)
- Japan (26.0M litres)
- Ireland (25.5M litres)
- Germany (21.9M litres)
- Czech Republic (20.8M litres)
- United States (15.8M litres)
- Belgium (6.9M litres)
Beer Exports in South Korea
In 2022, shipments abroad of beer was finally on the rise to reach 88M litres for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a significant contraction. Over the period under review, the exports attained the maximum at 183M litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, beer exports expanded sharply to $77M in 2022. Overall, exports, however, saw a deep slump. The exports peaked at $147M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Beer in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 32.5 | 30.8 | 31.6 | 33.0 | 0.5% |
| Japan | 1.9 | 2.1 | 7.6 | 11.6 | 82.8% |
| Iraq | 8.5 | 6.1 | 6.9 | 6.5 | -8.6% |
| United States | 5.2 | 4.1 | 6.3 | 5.9 | 4.3% |
| Singapore | 4.1 | 6.2 | 3.5 | 4.0 | -0.8% |
| Mongolia | 1.4 | 1.4 | 4.1 | 3.6 | 37.0% |
| Russia | 3.4 | 2.5 | 1.3 | 3.2 | -2.0% |
| China | 85.7 | 25.9 | 3.2 | 2.1 | -71.0% |
| Others | 4.7 | 5.3 | 4.4 | 6.8 | 13.1% |
| Total | 147 | 84.5 | 69.0 | 76.7 | -19.5% |
Top Export Markets for Beer from South Korea in 2022:
- Hong Kong SAR (37.1M litres)
- Japan (11.3M litres)
- Iraq (11.0M litres)
- Singapore (5.5M litres)
- United States (5.2M litres)
- Mongolia (5.1M litres)
- Russia (4.8M litres)
- China (2.4M litres)
This report provides an in-depth analysis of the beer 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 51 - Beer of Barley
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
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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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This report provides an in-depth analysis of the beer market in Republic of Korea.
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This report provides an in-depth analysis of the beer market in Republic of Korea.
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