Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea - 2022
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea (CIF) - 2022
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea (FOB) - 2022
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea (CIF) - 2022
In December 2022, the average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $864 per ton, therefore, remained relatively stable against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 5.3% month-to-month. The import price peaked at $876 per ton in July 2022; however, from August 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Vietnam ($957 per ton), while the price for China stood at $831 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%).
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea (FOB) - 2022
The average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $3,025 per ton in December 2022, dropping by -5% against the previous month. In general, the export price recorded a pronounced downturn. The growth pace was the most rapid in June 2022 when the average export price increased by 138% month-to-month. As a result, the export price attained the peak level of $5,813 per ton. From July 2022 to December 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,448 per ton), while the average price for exports to Vietnam ($1,552 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 China (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea
In 2022, the amount of vegetables (uncooked or cooked by steaming or boiling in water); frozen imported into South Korea dropped slightly to 367K tons, with a decrease of -3.8% compared with 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 5.9%. As a result, imports reached the peak of 382K tons, and then reduced in the following year.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen rose remarkably to $312M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 224 | 230 | 254 | 279 | 7.6% |
| Vietnam | 11.0 | 21.1 | 22.8 | 15.4 | 11.9% |
| Others | 13.2 | 15.2 | 17.9 | 18.0 | 10.9% |
| Total | 249 | 266 | 295 | 312 | 7.8% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to South Korea in 2022:
- China (342.2K tons)
- Vietnam (15.5K tons)
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea
In 2022, approx. 578 tons of vegetables (uncooked or cooked by steaming or boiling in water); frozen were exported from South Korea; surging by 11% against the previous year's figure. Overall, exports, however, saw a mild downturn.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $2.1M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 11%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 909 | 1,049 | 1,351 | 1,467 | 17.3% |
| Russia | 149 | 218 | 108 | 207 | 11.6% |
| China | 98.4 | 30.1 | 116 | 81.3 | -6.2% |
| Vietnam | 45.2 | 24.2 | 13.1 | 60.0 | 9.9% |
| Australia | 30.8 | 38.1 | 41.6 | 46.7 | 14.9% |
| United Arab Emirates | 196 | 178 | 141 | 9.8 | -63.2% |
| Others | 302 | 374 | 313 | 216 | -10.6% |
| Total | 1,730 | 1,912 | 2,084 | 2,088 | 6.5% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from South Korea in 2022:
- United States (330.0 tons)
- Russia (94.8 tons)
- China (61.3 tons)
- Vietnam (36.3 tons)
- Australia (8.7 tons)
- United Arab Emirates (2.3 tons)
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