Republic of Korea - Cabbage And Other Brassicas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCabbage Price in South Korea - 2022
Contents:
- Cabbage Price in South Korea (FOB) - 2022
- Cabbage Price in South Korea (CIF) - 2022
- Cabbage Exports in South Korea
- Cabbage Imports in South Korea
Cabbage Price in South Korea (FOB) - 2022
In December 2022, the average cabbage export price amounted to $695 per ton, declining by -4% against the previous month. Overall, the export price saw a slight decline. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 32% m-o-m. The export price peaked at $1,038 per ton in April 2022; however, from May 2022 to December 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In December 2022, the country with the highest price was Canada ($775 per ton), while the average price for exports to Taiwan (Chinese) amounted to $677 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.4%).
Cabbage Price in South Korea (CIF) - 2022
In 2022, the average cabbage import price amounted to $604 per ton, reducing by -9.8% against the previous year. In general, the import price, however, showed prominent growth. The pace of growth was the most pronounced in 2021 an increase of 114% against the previous year. The import price peaked at $842 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($6,878 per ton), while the price for China totaled $427 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.4%).
Cabbage Exports in South Korea
In 2022, cabbage exports from South Korea contracted sharply to 21K tons, which is down by -31.9% on the year before. Overall, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 1.9% against the previous year.
In value terms, cabbage exports shrank markedly to $16M in 2022. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 3.4% against the previous year.
| Export of Cabbage in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 23.8 | 17.0 | 18.8 | 14.7 | -14.8% |
| Hong Kong SAR | 0.4 | 0.5 | 0.3 | 0.4 | 0.0% |
| Canada | 1.0 | 0.6 | 0.1 | 0.3 | -33.1% |
| Others | 1.4 | 1.8 | 1.4 | 0.6 | -24.6% |
| Total | 26.6 | 20.0 | 20.6 | 16.0 | -15.6% |
Top Export Markets for Cabbage from South Korea in 2022:
- Taiwan (Chinese) (20.0K tons)
- Canada (0.4K tons)
- Hong Kong SAR (0.4K tons)
Cabbage Imports in South Korea
In 2022, approx. 6.9K tons of cabbage and other brassicas were imported into South Korea; jumping by 34% on the year before. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 188% against the previous year. As a result, imports reached the peak of 38K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cabbage imports skyrocketed to $4.2M in 2022. Overall, imports enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 212%. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cabbage in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 10.4 | 1.8 | 2.9 | -1.1% |
| Australia | 0.5 | 0.3 | 0.9 | 0.8 | 17.0% |
| Others | 0.3 | 1.1 | 0.7 | 0.6 | 26.0% |
| Total | 3.8 | 11.8 | 3.5 | 4.2 | 3.4% |
Top Suppliers of Cabbage to South Korea in 2022:
- China (6.7K tons)
- Australia (0.1K tons)
This report provides an in-depth analysis of the cabbage 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 358 - Cabbages
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
- COUNTRIES WITH TOP YIELDS
- 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, 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
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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
- 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
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