Price for Grapes; Fresh or Dried in South Korea - 2022
Contents:
- Price for Grapes; Fresh or Dried in South Korea (CIF) - 2022
- Price for Grapes; Fresh or Dried in South Korea (FOB) - 2022
- Imports of Grapes; Fresh or Dried in South Korea
- Exports of Grapes; Fresh or Dried in South Korea
Price for Grapes; Fresh or Dried in South Korea (CIF) - 2022
In December 2022, the average grapes; fresh or dried import price amounted to $3,657 per ton, surging by 1.7% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average import price increased by 38% month-to-month. As a result, import price reached the peak level of $4,099 per ton. From August 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($3,904 per ton), while the price for Chile ($2,193 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Grapes; Fresh or Dried in South Korea (FOB) - 2022
The average grapes; fresh or dried export price stood at $14,785 per ton in 2022, surging by 39% against the previous year. Overall, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices reached the maximum at $15,080 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($17,938 per ton), while the average price for exports to Australia ($5,852 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 China (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Grapes; Fresh or Dried in South Korea
For the third consecutive year, South Korea recorded decline in overseas purchases of grapes; fresh or drieds, which decreased by -18.5% to 44K tons in 2022. In general, imports recorded a abrupt setback. The smallest decline of -10.7% was in 2021.
In value terms, grapes; fresh or dried imports dropped to $158M in 2022. Overall, imports saw a abrupt descent. The smallest decline of -4.3% was in 2021.
| Import of Grapes; Fresh or Dried in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 116 | 74.7 | 74.9 | 59.9 | -19.8% |
| Peru | 25.7 | 22.2 | 31.6 | 47.4 | 22.6% |
| United States | 59.7 | 63.0 | 54.1 | 32.1 | -18.7% |
| Australia | 11.6 | 29.8 | 21.0 | 17.9 | 15.6% |
| Others | 1.6 | 1.3 | 1.0 | 0.5 | -32.1% |
| Total | 214 | 191 | 183 | 158 | -9.6% |
Top Suppliers of Grapes; Fresh or Dried to South Korea in 2022:
- Chile (18.7K tons)
- Peru (11.9K tons)
- United States (8.8K tons)
- Australia (3.9K tons)
Exports of Grapes; Fresh or Dried in South Korea
After three years of growth, overseas shipments of grapes; fresh or drieds decreased by -35.8% to 2.2K tons in 2022. In general, exports, however, recorded resilient growth. The growth pace was the most rapid in 2021 when exports increased by 72%. As a result, the exports reached the peak of 3.5K tons, and then contracted rapidly in the following year.
In value terms, grapes; fresh or dried exports dropped to $33M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 35%.
| Export of Grapes; Fresh or Dried in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.9 | 8.1 | 9.0 | 9.1 | 15.5% |
| Hong Kong SAR | 5.4 | 6.6 | 8.9 | 7.6 | 12.1% |
| United States | 1.5 | 1.8 | 2.3 | 3.2 | 28.7% |
| China | 5.6 | 7.7 | 8.3 | 2.7 | -21.6% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.5 | 2.2 | 180.2% |
| Singapore | 1.2 | 1.9 | 2.0 | 1.7 | 12.3% |
| Canada | 1.0 | 1.5 | 1.6 | 1.6 | 17.0% |
| Malaysia | 0.6 | 0.7 | 0.8 | 0.9 | 14.5% |
| New Zealand | 0.3 | 0.4 | 0.8 | 0.7 | 32.6% |
| Others | 1.3 | 2.0 | 3.0 | 3.5 | 39.1% |
| Total | 22.8 | 30.8 | 37.3 | 33.3 | 13.5% |
Top Export Markets for Grapes; Fresh or Dried from South Korea in 2022:
- Vietnam (511.6 tons)
- Hong Kong SAR (473.8 tons)
- United States (246.0 tons)
- Taiwan (Chinese) (165.0 tons)
- China (152.1 tons)
- Canada (148.5 tons)
- Malaysia (126.5 tons)
- Singapore (108.6 tons)
- New Zealand (69.0 tons)
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China recorded the highest growth rate of grape market, in terms of the main consuming countries over the last decade....
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Chile continued its dominance in the global grape trade. In 2014, Chile exported X thousand tons of grape totaling X USD, X% under the previous year. Its primary trading partner was the U.S., where it supplied X% of its total grape exports in
