Price for Wine; Still, in Containers Holding More than 2 Litres in South Korea - 2022
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in South Korea (CIF) - 2022
- Price for Wine; Still, in Containers Holding More than 2 Litres in South Korea (FOB) - 2022
- Imports of Wine; Still, in Containers Holding More than 2 Litres in South Korea
- Exports of Wine; Still, in Containers Holding More than 2 Litres in South Korea
Price for Wine; Still, in Containers Holding More than 2 Litres in South Korea (CIF) - 2022
In December 2022, the average import price for wine; still, in containers holding more than 2 litreses amounted to $2.6 per litre, shrinking by -30.3% against the previous month. Over the period under review, the import price, however, showed a temperate increase. The most prominent rate of growth was recorded in May 2022 an increase of 170% month-to-month. As a result, import price reached the peak level of $5.1 per litre. From June 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($24.0 per litre), while the price for Spain ($716 per thousand litres) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Chile (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding More than 2 Litres in South Korea (FOB) - 2022
The average export price for wine; still, in containers holding more than 2 litreses stood at $7 per litre in 2022, surging by 56% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 484%. The export price peaked at $14 per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 Hong Kong SAR ($8.4 per litre), while the average price for exports to China ($1.9 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 the United States (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wine; Still, in Containers Holding More than 2 Litres in South Korea
After three years of growth, purchases abroad of wine; still, in containers holding more than 2 litreses decreased by -5.1% to 5.6M litres in 2022. The total import volume increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of 5.9M litres, and then declined in the following year.
In value terms, imports of wine; still, in containers holding more than 2 litreses skyrocketed to $16M in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Wine; Still, in Containers Holding More than 2 Litres in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 2.3 | 4.8 | 5.3 | 74.4% |
| Spain | 2.3 | 2.2 | 3.1 | 2.7 | 5.5% |
| Australia | 0.8 | 1.6 | 1.2 | 1.3 | 17.6% |
| Italy | 0.5 | 0.4 | 0.5 | 0.5 | 0.0% |
| Chile | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| South Africa | 0.4 | 0.1 | 0.5 | 0.4 | 0.0% |
| Others | 1.4 | 1.6 | 2.3 | 5.0 | 52.9% |
| Total | 6.5 | 8.3 | 12.7 | 15.8 | 34.5% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to South Korea in 2022:
- Spain (3345.9K litres)
- Australia (702.4K litres)
- United States (572.0K litres)
- Chile (472.8K litres)
- South Africa (222.7K litres)
- Italy (134.6K litres)
Exports of Wine; Still, in Containers Holding More than 2 Litres in South Korea
After two years of decline, overseas shipments of wine; still, in containers holding more than 2 litreses increased by 91% to 3.5K litres in 2022. Overall, exports, however, faced a precipitous curtailment. The exports peaked at 26K litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of wine; still, in containers holding more than 2 litreses skyrocketed to $24K in 2022. Over the period under review, exports, however, saw a sharp setback. The exports peaked at $101K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Wine; Still, in Containers Holding More than 2 Litres in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | 7.2 | 22.0 | 205.6% |
| China | 4.3 | 1.4 | 0.8 | 1.4 | -31.2% |
| United States | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Thailand | 63.2 | N/A | N/A | N/A | 0% |
| Spain | 12.3 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 8.5 | N/A | N/A | 0% |
| Myanmar | 20.0 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 2.5 | N/A | N/A | 150.0% |
| Total | 101 | 12.4 | 8.1 | 24.1 | -38.0% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from South Korea in 2022:
- Hong Kong SAR (2.6K litres)
- China (0.7K litres)
- United States (0.1K litres)
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