Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea - 2022

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea (CIF) - 2022

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $4,727 per ton in 2022, picking up by 94% against the previous year. In general, the import price, however, recorded a slight descent. The import price peaked at $7,500 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($8,567 per ton), while the price for Canada stood at $960 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+34.1%).

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea (FOB) - 2022

The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses stood at $2,274 per ton in 2022, surging by 19% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 27%. As a result, the export price reached the peak level of $5,836 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($5,400 per ton), while the average price for exports to the United States ($1,953 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+14.5%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea

For the fourth consecutive year, South Korea recorded growth in supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses, which increased by 102% to 144 tons in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,774%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses soared to $679K in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 979%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats to South Korea in 2022:

1. Canada (72.0 tons)
2. Finland (70.2 tons)
3. United States (1.4 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats in South Korea

In 2022, after three years of growth, there was significant decline in shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses, when their volume decreased by -56.4% to 5.8 tons. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,806%. As a result, the exports attained the peak of 13 tons, and then dropped notably in the following year.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of oatses contracted notably to $13K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,432% against the previous year. As a result, the exports reached the peak of $25K, and then shrank markedly in the following year.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Oats from South Korea in 2022:

1. United States (5.1 tons)
2. New Zealand (0.3 tons)
3. Canada (0.2 tons)
4. United Kingdom (0.1 tons)

Source: IndexBox Market Intelligence Platform