Price for Wilkings and Smilar Citrus Hybrid in South Korea - 2022

Contents:

  1. Price for Wilkings and Smilar Citrus Hybrid in South Korea (FOB) - 2022
  2. Price for Wilkings and Smilar Citrus Hybrid in South Korea (CIF) - 2022
  3. Exports of Wilkings and Smilar Citrus Hybrid in South Korea
  4. Imports of Wilkings and Smilar Citrus Hybrid in South Korea

Price for Wilkings and Smilar Citrus Hybrid in South Korea (FOB) - 2022

The average export price for fruit, edible stood at $4,511 per ton in 2022, jumping by 19% against the previous year. Overall, the export price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2020 an increase of 30%. Over the period under review, the average export prices reached the maximum at $7,442 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($13,769 per ton), while the average price for exports to Mongolia amounted to $3,323 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+319.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wilkings and Smilar Citrus Hybrid in South Korea (CIF) - 2022

In 2022, the average import price for fruit, edible amounted to $14,867 per ton, with an increase of 2.1% against the previous year. In general, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in 2020 when the average import price increased by 85%. Over the period under review, average import prices attained the maximum at $19,873 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($150,663 per ton), while the price for the United States amounted to $14,325 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Wilkings and Smilar Citrus Hybrid in South Korea

In 2022, exports of fruit, edible from South Korea shrank markedly to 14 tons, which is down by -17.6% on the year before. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. As a result, the exports attained the peak of 17 tons, and then contracted markedly in the following year.

In value terms, wilkings and smilar citrus hybrid exports contracted modestly to $63K in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 5.5% against the previous year.

Export of Wilkings and Smilar Citrus Hybrid in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mongolia34.328.120.741.16.2%
United States16.932.57.821.99.0%
RussiaN/A0.927.6N/A2966.7%
GuamN/AN/A3.3N/A0%
Others7.30.34.8N/A-18.9%
Total58.561.864.263.02.5%

Top Export Markets for Wilkings and Smilar Citrus Hybrid from South Korea in 2022:

  1. Mongolia (12.4 tons)
  2. United States (1.6 tons)

Imports of Wilkings and Smilar Citrus Hybrid in South Korea

In 2022, supplies from abroad of fruit, edible was finally on the rise to reach 1 tons after two years of decline. Overall, imports, however, continue to indicate a significant contraction.

In value terms, wilkings and smilar citrus hybrid imports soared to $16K in 2022. In general, imports, however, continue to indicate a pronounced decrease.

Import of Wilkings and Smilar Citrus Hybrid in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States16.817.911.815.0-3.7%
Others0.40.80.70.614.5%
Total17.218.712.515.6-3.2%

Top Suppliers of Wilkings and Smilar Citrus Hybrid to South Korea in 2022:

  1. United States (1045.0 kg)

Source: IndexBox Market Intelligence Platform

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