Republic of Korea - Wine Of Fresh Grapes (Except Sparkling Wine) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wine of Fresh Grapes in South Korea - 2022
Contents:
- Price for Wine of Fresh Grapes in South Korea (CIF) - 2022
- Price for Wine of Fresh Grapes in South Korea (FOB) - 2022
- Imports of Wine of Fresh Grapes in South Korea
- Exports of Wine of Fresh Grapes in South Korea
Price for Wine of Fresh Grapes in South Korea (CIF) - 2022
In December 2022, the average wine of fresh grapes import price amounted to $7.2 per litre, dropping by -5.8% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2022 an increase of 17% against the previous month. Over the period under review, average import prices attained the peak figure at $8.8 per litre in May 2022; however, from June 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($15.0 per litre), while the price for Spain ($2.6 per litre) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine of Fresh Grapes in South Korea (FOB) - 2022
In 2022, the average wine of fresh grapes export price amounted to $4.5 per litre, with an increase of 148% against the previous year. In general, the export price, however, recorded a slight downturn. The export price peaked at $5.9 per litre in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($19 per litre), while the average price for exports to the United States ($1.5 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine of Fresh Grapes in South Korea
In 2022, supplies from abroad of wine of fresh grapes (except sparkling wine) decreased by -10.2% to 63M litres for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of 70M litres, and then contracted in the following year.
In value terms, wine of fresh grapes imports reached $483M in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 70%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Wine of Fresh Grapes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 50.4 | 61.9 | 127 | 132 | 37.8% |
| United States | 33.3 | 55.2 | 88.0 | 101 | 44.8% |
| Italy | 30.5 | 41.4 | 78.4 | 71.7 | 33.0% |
| Chile | 48.1 | 58.0 | 73.8 | 65.6 | 10.9% |
| Australia | 12.1 | 18.8 | 30.6 | 31.0 | 36.8% |
| Spain | 18.3 | 22.8 | 36.5 | 30.1 | 18.0% |
| New Zealand | 3.9 | 6.6 | 15.3 | 15.1 | 57.0% |
| Argentina | 5.1 | 7.2 | 11.4 | 10.9 | 28.8% |
| Others | 8.7 | 11.7 | 20.7 | 25.5 | 43.1% |
| Total | 210 | 284 | 482 | 483 | 32.0% |
Top Suppliers of Wine of Fresh Grapes to South Korea in 2022:
- Chile (14.0M litres)
- Spain (10.4M litres)
- France (10.2M litres)
- Italy (9.3M litres)
- United States (7.2M litres)
- Australia (4.9M litres)
- New Zealand (1.8M litres)
- Argentina (1.7M litres)
Exports of Wine of Fresh Grapes in South Korea
In 2022, shipments abroad of wine of fresh grapes (except sparkling wine) decreased by -79.9% to 28K litres, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 22%. As a result, the exports reached the peak of 143K litres. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, wine of fresh grapes exports fell notably to $128K in 2022. Overall, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 0.7% against the previous year. As a result, the exports reached the peak of $296K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Wine of Fresh Grapes in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.0 | 9.3 | 2.6 | 42.0 | 175.9% |
| United States | 102 | 124 | 167 | 28.9 | -34.3% |
| Singapore | 11.1 | 11.4 | N/A | 26.6 | 33.8% |
| Hong Kong SAR | 9.4 | 1.0 | 15.9 | 22.1 | 33.0% |
| Australia | N/A | 76.1 | 53.9 | 5.5 | -73.1% |
| China | 6.2 | 4.2 | 1.8 | 1.4 | -39.1% |
| Netherlands | 5.3 | 12.4 | 11.8 | 1.3 | -37.4% |
| Nigeria | 16.5 | N/A | 0.1 | N/A | -92.2% |
| Thailand | 72.6 | 20.1 | N/A | N/A | -72.3% |
| Myanmar | 23.0 | N/A | N/A | N/A | 0% |
| Others | 45.4 | 37.4 | 2.1 | N/A | -78.5% |
| Total | 294 | 296 | 256 | 128 | -24.2% |
Top Export Markets for Wine of Fresh Grapes from South Korea in 2022:
- Myanmar (undefinedK litres)
- United States (19.2K litres)
- France (2.7K litres)
- Hong Kong SAR (2.6K litres)
- Singapore (1.4K litres)
- Australia (1.2K litres)
- China (0.7K litres)
- Netherlands (0.4K litres)
This report provides an in-depth analysis of the market for wine of fresh grapes in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11021211 - White wine with a protected designation of origin (PDO)
- Prodcom 11021215 - Wine and grape must with fermentation prevented or arrested by the addition of alcohol, put up with pressure of CO2 in solution . 1 bar < 3, a t .20
- Prodcom 11021217 - Quality wine and grape must with fermentation prevented or arrested by the addition of alcohol, with a protected designation of origin (PDO) produced of an alcoholic strength of . .15 % (excluding white wine and sparkling wine)
- Prodcom 11021220 - Wine and grape must with fermentation prevented or arrested by the addition of alcohol, of an alcoholic strength . .15 % (excluding sparkling wine and wine (PDO))
- Prodcom 11021231 - Port, Madeira, Sherry and other > .15 % alcohol
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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