Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea - 2022

Contents:

1. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea (CIF) - 2022
2. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea (FOB) - 2022
3. Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea
4. Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea (CIF) - 2022

In 2022, the average import price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants amounted to $0.4 per unit, with an increase of 74% against the previous year. Overall, the import price enjoyed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($0.4 per unit), while the price for New Zealand ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea (FOB) - 2022

In 2022, the average export price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants amounted to $0.2 per unit, rising by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $0.2 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Mongolia amounted to +4.6% per year.

Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea

In 2022, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants into South Korea plummeted to 27M units, which is down by -39.1% against the year before. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports attained the peak of 44M units, and then fell remarkably in the following year.

In value terms, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants expanded significantly to $11M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant to South Korea in 2022:

1. Netherlands (25.0M units)
2. Italy (0.6M units)
3. New Zealand (0.5M units)

Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in South Korea

In 2022, overseas shipments of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants decreased by -99.8% to 1.4K units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 980K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants declined markedly to $245 in 2022. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 14%. As a result, the exports attained the peak of $150K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant from South Korea in 2022:

1. Japan (1.4K units)

Source: IndexBox Market Intelligence Platform