Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea - 2022

Contents:

1. Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea (CIF) - 2022
2. Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea (FOB) - 2022
3. Imports of Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea
4. Exports of Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea

Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea (CIF) - 2022

The average import price for plants, live; rhododendrons and azaleas, grafted or nots stood at $4.3 per unit in 2022, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the maximum at $5.1 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($4.3 per unit), while the price for China totaled $4.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea (FOB) - 2022

In 2022, the average export price for plants, live; rhododendrons and azaleas, grafted or nots amounted to $9.8 per unit, declining by -2.3% against the previous year. In general, the export price, however, posted a slight expansion. The most prominent rate of growth was recorded in 2018 an increase of 59%. Over the period under review, the average export prices hit record highs at $12 per unit in 2014; however, from 2015 to 2022, the 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 Switzerland ($20 per unit), while the average price for exports to the Czech Republic ($9.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea

In 2022, after three years of growth, there was significant decline in supplies from abroad of plants, live; rhododendrons and azaleas, grafted or nots, when their volume decreased by -62.4% to 7.4K units. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 67% against the previous year. Over the period under review, imports of reached the maximum at 20K units in 2021, and then fell markedly in the following year.

In value terms, imports of plants, live; rhododendrons and azaleas, grafted or nots declined notably to $32K in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 49% against the previous year. Over the period under review, imports of hit record highs at $84K in 2021, and then contracted remarkably in the following year.

Top Suppliers of Plants, Live; Rhododendrons and Azaleas, Grafted or Not to South Korea in 2022:

1. Japan (6.1K units)
2. China (1.3K units)

Exports of Plants, Live; Rhododendrons and Azaleas, Grafted or Not in South Korea

In 2022, overseas shipments of plants, live; rhododendrons and azaleas, grafted or nots were finally on the rise to reach 39 units after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at 40 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of plants, live; rhododendrons and azaleas, grafted or nots stood at $383 in 2022. The total export value increased at an average annual rate of +9.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. As a result, the exports attained the peak of $396. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Plants, Live; Rhododendrons and Azaleas, Grafted or Not from South Korea in 2022:

1. Czech Republic (18.0 units)
2. Switzerland (1.0 units)
3. Netherlands (1.0 units)

Source: IndexBox Market Intelligence Platform