Price for Vegetable Saps and Extracts; Opium in South Korea - 2022
Contents:
- Price for Vegetable Saps and Extracts; Opium in South Korea (CIF) - 2022
- Price for Vegetable Saps and Extracts; Opium in South Korea (FOB) - 2022
- Imports of Vegetable Saps and Extracts; Opium in South Korea
- Exports of Vegetable Saps and Extracts; Opium in South Korea
Price for Vegetable Saps and Extracts; Opium in South Korea (CIF) - 2022
The average import price for vegetable saps and extracts; opia stood at $80,747 per ton in 2022, which is down by -2.3% against the previous year. Overall, the import price showed a mild downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 65% against the previous year. Over the period under review, average import prices reached the peak figure at $292,308 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.5% per year.
Price for Vegetable Saps and Extracts; Opium in South Korea (FOB) - 2022
The average export price for vegetable saps and extracts; opia stood at $22,949 per ton in 2022, waning by -1.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 63%. The export price peaked at $24,903 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($47,822 per ton), while the average price for exports to Venezuela totaled $22,083 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.6%).
Imports of Vegetable Saps and Extracts; Opium in South Korea
In 2022, overseas purchases of vegetable saps and extracts; opia increased by 2.4% to 257 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a precipitous shrinkage.
In value terms, vegetable saps and extracts; opium imports amounted to $21K in 2022. In general, imports, however, saw a significant contraction. The smallest decline of -50% was in 2020.
| Import of Vegetable Saps and Extracts; Opium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 40.0 | 20.8 | 20.7 | 20.8 | -19.6% |
| Others | 1.5 | N/A | N/A | N/A | 0% |
| Total | 41.5 | 20.8 | 20.8 | 20.8 | -20.6% |
Top Suppliers of Vegetable Saps and Extracts; Opium to South Korea in 2022:
- United States (257.0 kg)
Exports of Vegetable Saps and Extracts; Opium in South Korea
Vegetable saps and extracts; opium exports from South Korea contracted dramatically to 435 kg in 2022, which is down by -31.5% against the previous year's figure. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 174%.
In value terms, vegetable saps and extracts; opium exports fell sharply to $10K in 2022. Overall, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 190% against the previous year.
| Export of Vegetable Saps and Extracts; Opium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 17.9 | 4.6 | 13.7 | 9.3 | -19.6% |
| Vietnam | 1.6 | 0.4 | 1.0 | 0.6 | -27.9% |
| Others | 0.6 | 0.1 | 0.1 | 0.1 | -45.0% |
| Total | 20.0 | 5.1 | 14.8 | 10.0 | -20.6% |
Top Export Markets for Vegetable Saps and Extracts; Opium from South Korea in 2022:
- Venezuela (421.0 kg)
- Vietnam (13.0 kg)
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