Cherry Price in South Korea - 2022
Contents:
- Cherry Price in South Korea (CIF) - 2022
- Cherry Price in South Korea (FOB) - 2022
- Cherry Imports in South Korea
- Cherry Exports in South Korea
Cherry Price in South Korea (CIF) - 2022
In 2022, the average cherry import price amounted to $10,177 per ton, rising by 5.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2020 when the average import price increased by 15% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,708 per ton), while the price for Uzbekistan ($4,221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Cherry Price in South Korea (FOB) - 2022
In 2022, the average cherry export price amounted to $11,394 per ton, jumping by 29% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices attained the maximum at $13,650 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mongolia ($14,463 per ton), while the average price for exports to Northern Mariana Islands amounted to $8,940 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Northern Mariana Islands (+14.8%).
Cherry Imports in South Korea
Cherry imports into South Korea dropped dramatically to 12K tons in 2022, which is down by -34.1% on the previous year. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 17K tons, and then dropped rapidly in the following year.
In value terms, cherry imports dropped sharply to $117M in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports attained the peak of $168M, and then contracted rapidly in the following year.
Import of Cherry in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 100 | 108 | 114 | 58.6 | -16.3% |
Chile | 35.0 | 29.6 | 52.6 | 56.0 | 17.0% |
Uzbekistan | 0.6 | 0.7 | 1.0 | 0.8 | 10.1% |
Others | 1.0 | 2.0 | 0.2 | 1.8 | 21.6% |
Total | 137 | 141 | 168 | 117 | -5.1% |
Top Suppliers of Cherry to South Korea in 2022:
- Chile (6.6K tons)
- United States (4.6K tons)
- Uzbekistan (0.2K tons)
Cherry Exports in South Korea
In 2022, the amount of cherries exported from South Korea surged to 180 kg, growing by 3,500% compared with 2021 figures. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cherry exports skyrocketed to $2.1K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Cherry in South Korea (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Mongolia | 486 | N/A | 1,157 | 54.3% | |
Northern Mariana Islands | 60.0 | N/A | 894 | 286.0% | |
Hong Kong SAR | N/A | 44.0 | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 546 | 44.0 | 2,051 | 93.8% |
Top Export Markets for Cherry from South Korea in 2022:
- Northern Mariana Islands (100.0 kg)
- Mongolia (80.0 kg)
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