Republic of Korea - Buttermilk And Buttermilk Powder - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Buttermilk and Buttermilk Powder in South Korea - 2022
Contents:
- Price for Buttermilk and Buttermilk Powder in South Korea (CIF) - 2022
- Price for Buttermilk and Buttermilk Powder in South Korea (FOB) - 2022
- Imports of Buttermilk and Buttermilk Powder in South Korea
- Exports of Buttermilk and Buttermilk Powder in South Korea
Price for Buttermilk and Buttermilk Powder in South Korea (CIF) - 2022
In 2022, the average buttermilk and buttermilk powder import price amounted to $6,547 per ton, which is down by -4.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 53% against the previous year. Over the period under review, average import prices attained the maximum at $8,837 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($17,359 per ton), while the price for Italy ($5,346 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buttermilk and Buttermilk Powder in South Korea (FOB) - 2022
In 2022, the average buttermilk and buttermilk powder export price amounted to $4,234 per ton, surging by 4.3% against the previous year. Over the period under review, export 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, buttermilk and buttermilk powder export price increased by +115.9% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 59%. Over the period under review, the average export prices hit record highs at $5,538 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($6,975 per ton), while the average price for exports to Guam ($1,259 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 Russia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buttermilk and Buttermilk Powder in South Korea
Buttermilk and buttermilk powder imports into South Korea soared to 157 tons in 2022, picking up by 54% against the previous year's figure. Over the period under review, imports posted temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of 98% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, buttermilk and buttermilk powder imports soared to $1M in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 76% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Buttermilk and Buttermilk Powder in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 0.1 | 0.1 | 671 | 8091.5% |
| Italy | 0.1 | N/A | 35.9 | 144 | 1029.2% |
| Germany | 479 | 188 | 310 | 104 | -39.9% |
| Turkey | N/A | N/A | 17.3 | 50.1 | 189.6% |
| Spain | N/A | 27.6 | 36.2 | 30.6 | 5.3% |
| Greece | 52.1 | 107 | 104 | 7.8 | -46.9% |
| Belgium | 53.7 | 0.1 | 0.2 | 0.6 | -77.6% |
| New Zealand | 60.0 | 32.2 | 130 | N/A | 47.2% |
| Ukraine | 56.1 | N/A | 30.1 | N/A | -26.8% |
| Others | 24.6 | 40.3 | 32.4 | 17.3 | -11.1% |
| Total | 726 | 395 | 697 | 1,026 | 12.2% |
Top Suppliers of Buttermilk and Buttermilk Powder to South Korea in 2022:
- France (103.3 tons)
- Italy (27.0 tons)
- Germany (14.6 tons)
- Spain (5.7 tons)
- Turkey (4.5 tons)
- Greece (0.4 tons)
- Belgium (0.1 tons)
Exports of Buttermilk and Buttermilk Powder in South Korea
In 2022, after two years of decline, there was significant growth in shipments abroad of buttermilk and buttermilk powder, when their volume increased by 427% to 231 tons. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, buttermilk and buttermilk powder exports surged to $978K in 2022. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Buttermilk and Buttermilk Powder in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 3.5 | 545 | 15471.4% |
| Australia | N/A | N/A | N/A | 217 | 0% |
| New Zealand | N/A | N/A | N/A | 38.1 | 0% |
| Germany | N/A | N/A | N/A | 28.6 | 0% |
| China | 35.5 | 69.2 | 78.2 | 24.9 | -11.2% |
| Canada | N/A | N/A | N/A | 18.1 | 0% |
| Guam | 2.9 | 0.7 | N/A | 7.8 | 39.1% |
| Russia | 185 | 51.7 | 39.8 | N/A | -53.6% |
| Japan | 20.3 | N/A | N/A | N/A | 0% |
| Others | 11.8 | 22.0 | 56.6 | 98.6 | 102.9% |
| Total | 256 | 144 | 178 | 978 | 56.3% |
Top Export Markets for Buttermilk and Buttermilk Powder from South Korea in 2022:
- United States (133.5 tons)
- Australia (53.5 tons)
- Germany (13.1 tons)
- Guam (6.2 tons)
- China (6.2 tons)
- Canada (5.9 tons)
- New Zealand (5.5 tons)
This report provides an in-depth analysis of the market for buttermilk and buttermilk powder 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 893 - Buttermilk, Curdled Milk, Acidified Milk
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
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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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