Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in South Korea - 2022
Contents:
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea (CIF) - 2022
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea (FOB) - 2022
- Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea
- Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea (CIF) - 2022
In December 2022, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $5,245 per ton, surging by 7.8% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 8% m-o-m. Over the period under review, average import prices attained the maximum at $5,457 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,922 per ton), while the price for Indonesia ($3,475 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 Malaysia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea (FOB) - 2022
The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $3,244 per ton in December 2022, growing by 18% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in July 2022 an increase of 29% m-o-m. The export price peaked in December 2022.
Prices varied noticeably by the country of destination: the country with the highest price was China ($7,645 per ton), while the average price for exports to Japan ($2,058 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea
In 2022, approx. 48K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were imported into South Korea; increasing by 11% against 2021. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa expanded sharply to $249M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.7 | 44.9 | 54.5 | 62.1 | 8.4% |
| Germany | 58.8 | 57.2 | 48.8 | 46.6 | -7.5% |
| Turkey | 5.9 | 11.1 | 17.6 | 18.2 | 45.6% |
| Vietnam | 11.3 | 11.4 | 15.2 | 17.6 | 15.9% |
| United States | 21.2 | 18.5 | 14.9 | 13.1 | -14.8% |
| Japan | 15.3 | 6.8 | 8.8 | 12.6 | -6.3% |
| Spain | 11.7 | 17.0 | 11.1 | 12.2 | 1.4% |
| Belgium | 12.6 | 11.0 | 11.7 | 11.7 | -2.4% |
| Italy | 2.9 | 3.0 | 5.0 | 7.6 | 37.9% |
| Thailand | 8.5 | 7.1 | 6.9 | 6.8 | -7.2% |
| Malaysia | 6.9 | 5.2 | 5.5 | 5.0 | -10.2% |
| Indonesia | 3.5 | 3.1 | 3.9 | 4.4 | 7.9% |
| Singapore | 2.7 | 3.2 | 3.3 | 2.7 | 0.0% |
| Others | 23.0 | 20.3 | 20.8 | 28.4 | 7.3% |
| Total | 233 | 220 | 228 | 249 | 2.2% |
Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to South Korea in 2022:
- China (13.2K tons)
- Germany (9.6K tons)
- Turkey (4.9K tons)
- Vietnam (2.7K tons)
- Belgium (2.6K tons)
- Spain (2.4K tons)
- United States (1.5K tons)
- Thailand (1.4K tons)
- Indonesia (1.3K tons)
- Japan (1.3K tons)
- Malaysia (1.3K tons)
- Italy (1.2K tons)
- Singapore (0.8K tons)
Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea
In 2022, approx. 44K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were exported from South Korea; with a decrease of -10.7% against 2021 figures. In general, exports faced a abrupt curtailment.
In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa expanded rapidly to $115M in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 72.4 | 68.5 | 64.5 | 76.4 | 1.8% |
| China | 17.1 | 21.5 | 18.1 | 16.1 | -2.0% |
| Vietnam | 7.4 | 7.1 | 5.2 | 6.0 | -6.8% |
| Others | 14.3 | 13.2 | 17.7 | 16.9 | 5.7% |
| Total | 111 | 110 | 105 | 115 | 1.2% |
Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from South Korea in 2022:
- Japan (37.7K tons)
- China (2.5K tons)
- Vietnam (1.1K tons)
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