Republic of Korea - Cider, Perry, Mead And Other Fermented Beverages - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cider, Perry and Mead in South Korea - 2022
Contents:
- Price for Cider, Perry and Mead in South Korea (FOB) - 2022
- Price for Cider, Perry and Mead in South Korea (CIF) - 2022
- Exports of Cider, Perry and Mead in South Korea
- Imports of Cider, Perry and Mead in South Korea
Price for Cider, Perry and Mead in South Korea (FOB) - 2022
The average cider, perry and mead export price stood at $874 per thousand litres in December 2022, surging by 3.8% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices attained the maximum at $943 per thousand litres in March 2022; however, from April 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was the United States ($1.7 per litre), while the average price for exports to Japan ($689 per thousand litres) 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 (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cider, Perry and Mead in South Korea (CIF) - 2022
The average cider, perry and mead import price stood at $1.4 per litre in 2022, waning by -3.1% against the previous year. In general, the import price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when the average import price increased by 4.6%. The import price peaked at $3.4 per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5.1 per litre), while the price for Germany ($0.7 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the prices for the other major suppliers experienced a decline.
Exports of Cider, Perry and Mead in South Korea
In 2022, exports of cider, perry, mead and other fermented beverages from South Korea fell to 68M litres, approximately reflecting the year before. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 0.2%. The exports peaked at 69M litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, cider, perry and mead exports dropped modestly to $55M in 2022. The total export value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 4% against the previous year. Over the period under review, the exports hit record highs at $55M in 2021, and then reduced modestly in the following year.
Export of Cider, Perry and Mead in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 40.9 | 41.1 | 36.1 | 37.0 | -3.3% |
United States | 4.2 | 5.4 | 7.0 | 6.7 | 16.8% |
China | 2.7 | 2.9 | 3.2 | 3.1 | 4.7% |
Others | 5.1 | 5.6 | 8.9 | 8.3 | 17.6% |
Total | 52.9 | 55.0 | 55.3 | 55.1 | 1.4% |
Top Export Markets for Cider, Perry and Mead from South Korea in 2022:
- Japan (55.4M litres)
- United States (4.1M litres)
- China (2.6M litres)
Imports of Cider, Perry and Mead in South Korea
After three years of growth, overseas purchases of cider, perry, mead and other fermented beverages decreased by -13.5% to 29M litres in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.1% 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 +77.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 45%. Over the period under review, imports attained the peak figure at 33M litres in 2021, and then contracted in the following year.
In value terms, cider, perry and mead imports dropped rapidly to $41M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of $49M, and then fell notably in the following year.
Import of Cider, Perry and Mead in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 14.7 | 10.7 | 16.0 | 13.4 | -3.0% |
Denmark | 5.7 | 10.4 | 14.8 | 12.4 | 29.6% |
Austria | 1.1 | 2.3 | 2.9 | 2.4 | 29.7% |
Spain | 0.1 | 1.2 | 2.9 | 2.4 | 188.4% |
Germany | 0.9 | 1.3 | 2.5 | 2.1 | 32.6% |
Singapore | 1.3 | 1.5 | 1.7 | 1.4 | 2.5% |
Australia | 1.9 | 1.1 | 1.4 | 1.2 | -14.2% |
Others | 3.4 | 4.6 | 7.0 | 5.8 | 19.5% |
Total | 29.2 | 33.2 | 49.1 | 41.1 | 12.1% |
Top Suppliers of Cider, Perry and Mead to South Korea in 2022:
- Denmark (11.3M litres)
- Austria (3.1M litres)
- Germany (2.8M litres)
- Spain (2.8M litres)
- Japan (2.6M litres)
- Singapore (1.7M litres)
- Australia (1.0M litres)
This report provides an in-depth analysis of the market for cider, perry and mead 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 11031000 - Fermented beverages and mixtures thereof (including with non-alcoholic beverages, cider, perry and mead, excluding malt beer, wine of grapes flavoured with plants or aromatic substances)
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
This report provides an in-depth analysis of the market for cider, perry and mead in Republic of Korea.
This report provides an in-depth analysis of the global market for cider, perry and mead.
This report provides an in-depth analysis of the market for cider, perry and mead in Republic of Korea.
This report provides an in-depth analysis of the global market for cider, perry and mead.
South Africa has overtaken South Korea as the world's largest exporters of cider, perry, mead and other fermented beverages.
In value terms, fermented beverages imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% ...
In value terms, fermented beverages exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% ov...
South Africa has overtaken South Korea as the world's largest exporters of cider, perry, mead and other fermented beverages.
In value terms, fermented beverages imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% ...
In value terms, fermented beverages exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% ov...