Price for Citrus Fruits Not Elsewhere Classified in South Korea - 2022
Contents:
- Price for Citrus Fruits Not Elsewhere Classified in South Korea (FOB) - 2022
- Price for Citrus Fruits Not Elsewhere Classified in South Korea (CIF) - 2022
- Exports of Citrus Fruits Not Elsewhere Classified in South Korea
- Imports of Citrus Fruits Not Elsewhere Classified in South Korea
Price for Citrus Fruits Not Elsewhere Classified in South Korea (FOB) - 2022
In 2022, the average export price for citrus fruits not elsewhere classified amounted to $6,953 per ton, picking up by 23% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 49%. As a result, the export price attained the peak level of $7,722 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,082 per ton), while the average price for exports to Russia ($5,886 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 the United Arab Emirates (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Citrus Fruits Not Elsewhere Classified in South Korea (CIF) - 2022
In 2022, the average import price for citrus fruits not elsewhere classified amounted to $2,111 per ton, jumping by 32% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, citrus fruits not elsewhere classified import price increased by +60.1% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 China ($3,500 per ton), while the price for the United States amounted to $1,714 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%).
Exports of Citrus Fruits Not Elsewhere Classified in South Korea
Citrus fruits not elsewhere classified exports from South Korea rose modestly to 55 tons in 2022, surging by 1.7% compared with the previous year. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 485%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, citrus fruits not elsewhere classified exports surged to $386K in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 484%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Citrus Fruits Not Elsewhere Classified in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 26.4 | 59.4 | 82.5 | 187 | 92.0% |
| Singapore | 2.1 | 38.0 | 40.0 | 160 | 323.9% |
| Canada | 3.2 | 26.5 | 21.6 | 20.1 | 84.5% |
| United Arab Emirates | 0.8 | 0.9 | 1.5 | 7.7 | 112.7% |
| Russia | N/A | 86.6 | 31.6 | 6.0 | -73.7% |
| Malaysia | 4.0 | 10.0 | 3.9 | N/A | -1.3% |
| United States | N/A | N/A | 117 | N/A | 0% |
| Others | 2.6 | 6.6 | 10.7 | 4.2 | 17.3% |
| Total | 39.1 | 228 | 308 | 386 | 114.5% |
Top Export Markets for Citrus Fruits Not Elsewhere Classified from South Korea in 2022:
- Hong Kong SAR (27.1 tons)
- Singapore (23.3 tons)
- Canada (2.5 tons)
- Russia (1.0 tons)
- United Arab Emirates (0.9 tons)
Imports of Citrus Fruits Not Elsewhere Classified in South Korea
In 2022, citrus fruits not elsewhere classified imports into South Korea contracted notably to 9 kg, which is down by 99.9% against the year before. Over the period under review, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 8.1% against the previous year.
In value terms, citrus fruits not elsewhere classified imports contracted sharply to $19 in 2022. In general, imports recorded a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $18M, and then contracted markedly in the following year.
| Import of Citrus Fruits Not Elsewhere Classified in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | N/A | 0% |
| United States | 16.8 | 13.5 | 17.7 | N/A | 2.6% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 17.0 | 13.5 | 17.8 | N/A | 2.3% |
Top Suppliers of Citrus Fruits Not Elsewhere Classified to South Korea in 2022:
- United States (7.0 kg)
- China (2.0 kg)
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