Republic of Korea - Mangoes, Mangosteens And Guavas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMango and Mangosteen Price in South Korea - 2022
Contents:
- Mango and Mangosteen Price in South Korea (CIF) - 2022
- Mango and Mangosteen Price in South Korea (FOB) - 2022
- Mango and Mangosteen Imports in South Korea
- Mango and Mangosteen Exports in South Korea
Mango and Mangosteen Price in South Korea (CIF) - 2022
In December 2022, the average mango and mangosteen import price amounted to $5,942 per ton, surging by 5.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 26% against the previous month. The import price peaked at $6,396 per ton in December 2021; however, from January 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 Peru ($7,320 per ton), while the price for the Philippines ($3,357 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 Thailand (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Mango and Mangosteen Price in South Korea (FOB) - 2022
The average mango and mangosteen export price stood at $6,948 per ton in 2022, which is down by -83.5% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 275% against the previous year. The export price peaked at $42,170 per ton in 2021, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($43,400 per ton), while the average price for exports to Romania ($722 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 Mongolia (-3.3%), while the prices for the other major destinations experienced a decline.
Mango and Mangosteen Imports in South Korea
In 2022, approx. 24K tons of mangoes, mangosteens and guavas were imported into South Korea; increasing by 4.5% compared with 2021. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, mango and mangosteen imports amounted to $106M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Mango and Mangosteen in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 19.7 | 19.0 | 31.5 | 42.7 | 29.4% |
| Thailand | 40.2 | 30.9 | 45.2 | 41.2 | 0.8% |
| Vietnam | 2.8 | 3.8 | 6.5 | 8.0 | 41.9% |
| Brazil | 1.3 | 3.0 | 4.6 | 5.1 | 57.7% |
| Philippines | 4.5 | 3.3 | 3.0 | 3.3 | -9.8% |
| Taiwan (Chinese) | 2.7 | 4.7 | 4.4 | 2.8 | 1.2% |
| Others | 1.2 | 3.8 | 3.7 | 2.8 | 32.6% |
| Total | 72.4 | 68.6 | 98.8 | 106 | 13.6% |
Top Suppliers of Mango and Mangosteen to South Korea in 2022:
- Thailand (11.8K tons)
- Peru (7.7K tons)
- Vietnam (1.9K tons)
- Philippines (1.1K tons)
- Brazil (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
Mango and Mangosteen Exports in South Korea
In 2022, approx. 866 kg of mangoes, mangosteens and guavas were exported from South Korea; jumping by 74% against 2021 figures. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 119% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, mango and mangosteen exports fell significantly to $6K in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 618%.
| Export of Mango and Mangosteen in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mongolia | 0.7 | 2.7 | 0.2 | 5.0 | 92.6% |
| Singapore | 0.6 | 0.1 | N/A | 0.5 | -5.9% |
| Hong Kong SAR | N/A | 6.2 | 18.5 | 0.4 | -74.6% |
| United States | N/A | N/A | 1.2 | N/A | 0% |
| Romania | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 1.2 | 1.1 | 0.1 | 0.0% |
| Total | 1.4 | 10.2 | 21.0 | 6.0 | 62.4% |
Top Export Markets for Mango and Mangosteen from South Korea in 2022:
- Mongolia (767.0 kg)
- Singapore (61.0 kg)
- Romania (18.0 kg)
- Hong Kong SAR (10.0 kg)
This report provides an in-depth analysis of the mango and mangosteen 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 571 - Mangoes
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
- 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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