Price for Plants, Live; Roses, Grafted or Not in South Korea - 2022

Contents:

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

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

In 2022, the average import price for plants, live; roses, grafted or nots amounted to $1.9 per unit, with an increase of 4.4% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $2.2 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($1.9 per unit) and the Netherlands ($1.9 per unit), while the price for Germany ($1.9 per unit) and China ($1.9 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.4%), while the prices for the other major suppliers experienced a decline.

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

The average export price for plants, live; roses, grafted or nots stood at $1.7 per unit in 2022, falling by -4.1% against the previous year. Over the period under review, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. Over the period under review, the average export prices reached the peak figure at $2 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($1.7 per unit), while the average price for exports to Australia ($1.7 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 Japan (-1.0%).

Imports of Plants, Live; Roses, Grafted or Not in South Korea

Imports of plants, live; roses, grafted or nots into South Korea rose significantly to 793K units in 2022, increasing by 12% compared with 2021. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of plants, live; roses, grafted or nots skyrocketed to $1.5M in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Netherlands (439.8K units)
2. China (336.8K units)
3. Germany (0.9K units)

Exports of Plants, Live; Roses, Grafted or Not in South Korea

Exports of plants, live; roses, grafted or nots from South Korea soared to 219 units in 2022, with an increase of 50% compared with the year before. Overall, exports, however, recorded a sharp downturn. The exports peaked at 45K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of plants, live; roses, grafted or nots skyrocketed to $377 in 2022. In general, exports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. The exports peaked at $69K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Australia (128.0 units)
2. Japan (76.0 units)
3. Kenya (15.0 units)

Source: IndexBox Market Intelligence Platform