Republic of Korea - Dried Vegetables And Mixtures Of Vegetables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDried Vegetables Price in South Korea - 2022
Contents:
- Dried Vegetables Price in South Korea (CIF) - 2022
- Dried Vegetables Price in South Korea (FOB) - 2022
- Dried Vegetables Imports in South Korea
- Dried Vegetables Exports in South Korea
Dried Vegetables Price in South Korea (CIF) - 2022
In December 2022, the average dried vegetables import price amounted to $4,169 per ton, approximately reflecting the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 an increase of 18% m-o-m. The import price peaked at $5,341 per ton in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($6,325 per ton), while the price for Myanmar ($2,201 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Vegetables Price in South Korea (FOB) - 2022
In December 2022, the average dried vegetables export price amounted to $15,141 per ton, shrinking by -14.3% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 43% m-o-m. Over the period under review, the average export prices hit record highs at $19,602 per ton in February 2022; however, from March 2022 to December 2022, the export prices stood at a somewhat 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 Vietnam ($41,849 per ton), while the average price for exports to Hong Kong SAR ($2,341 per ton) 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 Vietnam (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Dried Vegetables Imports in South Korea
In 2022, imports of dried vegetables and mixtures of vegetables into South Korea stood at 15K tons, stabilizing at the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 8.7% against the previous year. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, dried vegetables imports dropped slightly to $59M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 15%.
| Import of Dried Vegetables in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.2 | 50.8 | 50.7 | 51.9 | 6.3% |
| Myanmar | 1.6 | 1.1 | 1.6 | 1.6 | 0.0% |
| Others | 4.4 | 4.4 | 9.6 | 5.6 | 8.4% |
| Total | 49.1 | 56.4 | 61.8 | 59.1 | 6.4% |
Top Suppliers of Dried Vegetables to South Korea in 2022:
- China (13.1K tons)
- Myanmar (0.9K tons)
Dried Vegetables Exports in South Korea
In 2022, approx. 259 tons of dried vegetables and mixtures of vegetables were exported from South Korea; shrinking by -23.4% against the previous year's figure. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year.
In value terms, dried vegetables exports fell rapidly to $2.7M in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 43%.
| Export of Dried Vegetables in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,551 | 1,429 | 1,870 | 1,647 | 2.0% |
| China | 226 | 52.5 | 192 | 169 | -9.2% |
| Australia | 202 | 153 | 179 | 157 | -8.1% |
| Canada | 82.0 | 96.6 | 140 | 123 | 14.5% |
| Japan | 173 | 72.8 | 72.5 | 82.1 | -22.0% |
| Guatemala | 327 | 0.2 | 41.9 | 73.3 | -39.3% |
| Thailand | 110 | 62.5 | 46.4 | 57.2 | -19.6% |
| Vietnam | 72.8 | 38.9 | 32.6 | 37.7 | -19.7% |
| Hong Kong SAR | 10.7 | 21.8 | 5.9 | 23.5 | 30.0% |
| Others | 445 | 299 | 605 | 335 | -9.0% |
| Total | 3,199 | 2,227 | 3,185 | 2,706 | -5.4% |
Top Export Markets for Dried Vegetables from South Korea in 2022:
- United States (132.5 tons)
- Guatemala (25.2 tons)
- China (20.6 tons)
- Australia (15.3 tons)
- Japan (11.4 tons)
- Canada (7.6 tons)
- Vietnam (6.6 tons)
- Hong Kong SAR (6.5 tons)
- Thailand (4.2 tons)
This report provides an in-depth analysis of the dried vegetables 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 10391390 - Dried vegetables (excluding potatoes, onions, mushrooms and truffles) and mixtures of vegetables, whole, cut, sliced, b roken 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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