Republic of Korea - Temporarily Preserved Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTemporarily Preserved Vegetable Price in South Korea - 2022
Contents:
- Temporarily Preserved Vegetable Price in South Korea (CIF) - 2022
- Temporarily Preserved Vegetable Price in South Korea (FOB) - 2022
- Temporarily Preserved Vegetable Imports in South Korea
- Temporarily Preserved Vegetable Exports in South Korea
Temporarily Preserved Vegetable Price in South Korea (CIF) - 2022
In 2022, the average temporarily preserved vegetable import price amounted to $474 per ton, surging by 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2014 an increase of 9.6% against the previous year. As a result, import price attained the peak level of $478 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($629 per ton), while the price for China amounted to $460 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%).
Temporarily Preserved Vegetable Price in South Korea (FOB) - 2022
The average temporarily preserved vegetable export price stood at $4,179 per ton in 2022, surging by 43% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 96%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($6,336 per ton), while the average price for exports to the United States ($3,653 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 Hong Kong SAR (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Temporarily Preserved Vegetable Imports in South Korea
In 2022, after two years of decline, there was significant growth in supplies from abroad of vegetables (temporarily preserved), when their volume increased by 19% to 53K tons. Overall, imports, however, recorded a perceptible decrease.
In value terms, temporarily preserved vegetable imports skyrocketed to $25M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Temporarily Preserved Vegetable in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.2 | 19.1 | 18.9 | 23.0 | -1.7% |
| India | 0.8 | 1.3 | 1.1 | 1.5 | 23.3% |
| Others | 0.2 | 0.3 | 0.2 | 0.4 | 26.0% |
| Total | 25.2 | 20.6 | 20.3 | 25.0 | -0.3% |
Top Suppliers of Temporarily Preserved Vegetable to South Korea in 2022:
- China (50.1K tons)
- India (2.5K tons)
Temporarily Preserved Vegetable Exports in South Korea
In 2022, shipments abroad of vegetables (temporarily preserved) decreased by -69.1% to 15 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a notable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 481% against the previous year. As a result, the exports reached the peak of 81 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, temporarily preserved vegetable exports dropped rapidly to $63K in 2022. In general, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 224% against the previous year.
| Export of Temporarily Preserved Vegetable in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.5 | 65.9 | 94.7 | 41.3 | 85.2% |
| United States | 27.9 | 51.5 | 27.6 | 17.2 | -14.9% |
| Hong Kong SAR | 0.2 | N/A | 1.1 | 3.5 | 159.6% |
| China | 0.6 | 11.1 | N/A | N/A | 1750.0% |
| Others | 5.3 | 2.8 | 19.6 | 1.4 | -35.8% |
| Total | 40.5 | 131 | 143 | 63.3 | 16.1% |
Top Export Markets for Temporarily Preserved Vegetable from South Korea in 2022:
- Vietnam (9.8 tons)
- United States (4.7 tons)
- Hong Kong SAR (0.6 tons)
This report provides an in-depth analysis of the temporarily preserved vegetable 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 474 - Vegetables, Temporarily Preserved
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
- 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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