Republic of Korea - Preserved Sauerkraut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPreserved Sauerkraut Price in South Korea - 2022
Contents:
- Preserved Sauerkraut Price in South Korea (CIF) - 2022
- Preserved Sauerkraut Price in South Korea (FOB) - 2022
- Preserved Sauerkraut Imports in South Korea
- Preserved Sauerkraut Exports in South Korea
Preserved Sauerkraut Price in South Korea (CIF) - 2022
The average preserved sauerkraut import price stood at $693 per ton in December 2022, reducing by -4.3% against the previous month. Over the period under review, the import price saw a noticeable decrease. The pace of growth was the most pronounced in April 2022 an increase of 7.6% against the previous month. The import price peaked at $893 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -2.1% per month.
Preserved Sauerkraut Price in South Korea (FOB) - 2022
The average preserved sauerkraut export price stood at $3,526 per ton in December 2022, surging by 4.2% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $3,620 per ton in January 2022; however, from February 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Canada ($4,582 per ton), while the average price for exports to the Philippines ($2,673 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 Canada (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sauerkraut Imports in South Korea
In 2022, after two years of decline, there was significant growth in overseas purchases of preserved sauerkraut, when their volume increased by 12% to 363K tons. Overall, imports, however, showed a relatively flat trend pattern.
In value terms, preserved sauerkraut imports soared to $369M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Preserved Sauerkraut in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 193 | 216 | 228 | 362 | 23.3% |
Others | 5.0 | 6.0 | 7.2 | 6.6 | 9.7% |
Total | 198 | 222 | 236 | 369 | 23.1% |
Top Suppliers of Preserved Sauerkraut to South Korea in 2022:
- China (361.0K tons)
Preserved Sauerkraut Exports in South Korea
In 2022, shipments abroad of preserved sauerkraut decreased by -21.1% to 36K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 35%.
In value terms, preserved sauerkraut exports reduced sharply to $142M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year.
Export of Preserved Sauerkraut in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 55.7 | 72.4 | 86.1 | 61.8 | 3.5% |
United States | 17.6 | 26.6 | 24.9 | 20.3 | 4.9% |
Taiwan (Chinese) | 4.9 | 6.0 | 7.7 | 7.2 | 13.7% |
United Kingdom | 3.4 | 4.0 | 6.0 | 7.2 | 28.4% |
Netherlands | 3.5 | 5.4 | 6.0 | 6.1 | 20.3% |
Australia | 4.1 | 6.5 | 6.3 | 6.0 | 13.5% |
Hong Kong SAR | 5.1 | 8.2 | 8.7 | 5.9 | 5.0% |
Canada | 2.7 | 3.8 | 3.9 | 4.1 | 14.9% |
Singapore | 2.4 | 4.3 | 4.4 | 3.6 | 14.5% |
Malaysia | 1.6 | 2.5 | 2.7 | 2.5 | 16.0% |
Others | 11.9 | 15.8 | 17.5 | 16.8 | 12.2% |
Total | 113 | 155 | 174 | 142 | 7.9% |
Top Export Markets for Preserved Sauerkraut from South Korea in 2022:
- Japan (18.7K tons)
- United States (3.8K tons)
- Taiwan (Chinese) (1.9K tons)
- Hong Kong SAR (1.7K tons)
- United Kingdom (1.3K tons)
- Australia (1.3K tons)
- Netherlands (1.2K tons)
- Canada (1.1K tons)
- Singapore (0.9K tons)
- Malaysia (0.6K tons)
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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
-
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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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
Hungary dominates in the global trade of prepared sweet corn. In 2014, Hungary exported X thousand tons of prepared sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it
Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
Hungary dominates in the global trade of prepared sweet corn. In 2014, Hungary exported X thousand tons of prepared sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it