Republic of Korea - Spinach - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpinach Price in South Korea - 2022
Contents:
- Spinach Price in South Korea (FOB) - 2022
- Spinach Price in South Korea (CIF) - 2022
- Spinach Exports in South Korea
- Spinach Imports in South Korea
Spinach Price in South Korea (FOB) - 2022
In 2022, the average spinach export price amounted to $8,984 per ton, remaining stable against the previous year. Over the period under review, the export price, however, saw buoyant growth. The growth pace was the most rapid in 2014 an increase of 45%. Over the period under review, the average export prices reached the maximum at $9,103 per ton in 2021, and then shrank slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($11,568 per ton), while the average price for exports to Vietnam ($2,066 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Marshall Islands (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.
Spinach Price in South Korea (CIF) - 2022
In 2022, the average spinach import price amounted to $16,000 per ton, standing approx. at the previous year. Overall, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 215% against the previous year. The import price peaked at $18,846 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($18,400 per ton), while the price for Australia amounted to $7,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.8%).
Spinach Exports in South Korea
In 2022, exports of spinach from South Korea skyrocketed to 6.6 tons, jumping by 34% on the previous year. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 225%. As a result, the exports reached the peak of 10 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spinach exports soared to $60K in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 201%. As a result, the exports reached the peak of $70K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spinach in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 29.8 | 7.6 | 36.4 | 10.5% |
| United States | N/A | N/A | 2.3 | 11.1 | 382.6% |
| Singapore | 11.4 | 32.4 | 28.2 | 6.1 | -18.8% |
| Guam | 0.5 | N/A | 1.1 | 2.3 | 66.3% |
| Northern Mariana Islands | 2.3 | 0.7 | 0.4 | 1.1 | -21.8% |
| Vietnam | 7.6 | 2.0 | 1.6 | 0.7 | -54.8% |
| Japan | N/A | N/A | 0.6 | 0.5 | -16.7% |
| Others | 1.3 | 4.6 | 3.2 | 1.4 | 2.5% |
| Total | 23.1 | 69.6 | 45.0 | 59.6 | 37.2% |
Top Export Markets for Spinach from South Korea in 2022:
- Hong Kong SAR (3149.0 kg)
- United States (1755.0 kg)
- Singapore (559.0 kg)
- Guam (478.0 kg)
- Vietnam (316.0 kg)
- Northern Mariana Islands (161.0 kg)
- Japan (123.0 kg)
Spinach Imports in South Korea
In 2022, purchases abroad of spinach decreased by 0% to 19 kg, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 5,442%. As a result, imports attained the peak of 1.7 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spinach imports totaled $304 in 2022. Over the period under review, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 4,692% against the previous year. As a result, imports reached the peak of $15K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spinach in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 0.3 | 0% |
| Australia | 0.2 | 15.3 | N/A | N/A | 7550.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.3 | 15.3 | N/A | 0.3 | 0.0% |
Top Suppliers of Spinach to South Korea in 2022:
- Germany (15.0 kg)
- Australia (4.0 kg)
This report provides an in-depth analysis of the spinach market 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:
- FCL 373 - Spinach
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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