Republic of Korea - Dried Onions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDried Onion Price in South Korea - 2022
Contents:
- Dried Onion Price in South Korea (CIF) - 2022
- Dried Onion Price in South Korea (FOB) - 2022
- Dried Onion Imports in South Korea
- Dried Onion Exports in South Korea
Dried Onion Price in South Korea (CIF) - 2022
In 2022, the average dried onion import price amounted to $2,042 per ton, declining by -12.4% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried onion import price increased by +54.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 37%. Over the period under review, average import prices reached the maximum at $2,330 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,054 per ton), while the price for China amounted to $1,338 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%).
Dried Onion Price in South Korea (FOB) - 2022
In 2022, the average dried onion export price amounted to $3,663 per ton, declining by -16.6% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 254% against the previous year. Over the period under review, the average export prices reached the maximum at $16,083 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($10,698 per ton), while the average price for exports to Hong Kong SAR ($1,178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-3.7%).
Dried Onion Imports in South Korea
After two years of decline, overseas purchases of dried onions increased by 33% to 1.7K tons in 2022. Overall, imports, however, saw a perceptible slump.
In value terms, dried onion imports skyrocketed to $3.5M in 2022. The total import value increased at an average annual rate of +13.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dried Onion in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,328 | 1,386 | 1,282 | 1,847 | 11.6% |
| United States | 1,082 | 1,415 | 1,677 | 1,635 | 14.8% |
| India | 35.0 | 52.6 | 50.6 | 41.0 | 5.4% |
| Others | 1.2 | 0.2 | 7.8 | 5.1 | 62.0% |
| Total | 2,446 | 2,854 | 3,017 | 3,528 | 13.0% |
Top Suppliers of Dried Onion to South Korea in 2022:
- China (1380.0 tons)
- United States (323.5 tons)
- India (22.3 tons)
Dried Onion Exports in South Korea
In 2022, the amount of dried onions exported from South Korea surged to 1.2 tons, growing by 102% against the previous year's figure. Over the period under review, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 171%.
In value terms, dried onion exports soared to $4.5K in 2022. Overall, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 84%.
| Export of Dried Onion in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 0.2 | 0.1 | 2.4 | 128.9% |
| United Kingdom | N/A | N/A | N/A | 0.8 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | 0.8 | 0% |
| Vietnam | N/A | 1.2 | 0.6 | 0.5 | -35.5% |
| Japan | N/A | N/A | 0.8 | N/A | 0% |
| Malaysia | 4.9 | N/A | N/A | N/A | 0% |
| Myanmar | N/A | N/A | 0.6 | N/A | 0% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 5.1 | 1.4 | 2.6 | 4.5 | -4.1% |
Top Export Markets for Dried Onion from South Korea in 2022:
- Hong Kong SAR (640.0 kg)
- United States (451.0 kg)
- United Kingdom (81.0 kg)
- Vietnam (43.0 kg)
This report provides an in-depth analysis of the dried onion 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:
- Prodcom 10391330 - Dried onions, whole, cut, sliced, broken or in powder, but not further prepared
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
-
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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