Republic of Korea - Vegetable Puree - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVegetable Puree Price in South Korea - 2022
Contents:
- Vegetable Puree Price in South Korea (CIF) - 2022
- Vegetable Puree Price in South Korea (FOB) - 2022
- Vegetable Puree Imports in South Korea
- Vegetable Puree Exports in South Korea
Vegetable Puree Price in South Korea (CIF) - 2022
In 2022, the average vegetable puree import price amounted to $5,734 per ton, declining by -2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $5,915 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Australia ($10,406 per ton), while the price for China ($2,674 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+44.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Puree Price in South Korea (FOB) - 2022
In 2022, the average vegetable puree export price amounted to $4,448 per ton, waning by -10.1% against the previous year. Over the period under review, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 63%. The export price peaked at $11,181 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($26,413 per ton), while the average price for exports to Thailand ($1,727 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 the United States (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Puree Imports in South Korea
In 2022, purchases abroad of vegetable puree was finally on the rise to reach 17 tons after two years of decline. Over the period under review, imports, however, recorded a precipitous slump.
In value terms, vegetable puree imports soared to $96K in 2022. Overall, imports, however, showed a sharp shrinkage.
| Import of Vegetable Puree in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | 0.1 | 28.4 | 28300.0% |
| China | N/A | 26.5 | 21.5 | 21.5 | -9.9% |
| Australia | 4.4 | N/A | 5.4 | 14.2 | 47.8% |
| United States | 109 | 54.6 | 13.3 | 13.3 | -50.4% |
| Germany | 57.6 | 13.7 | 2.5 | 10.9 | -42.6% |
| France | 11.7 | 10.9 | 13.4 | 3.9 | -30.7% |
| Mexico | 6.2 | 1.0 | 0.9 | 1.9 | -32.6% |
| India | 10.1 | 0.2 | 20.6 | 0.3 | -69.0% |
| Others | 15.4 | 2.8 | 0.7 | 1.2 | -57.3% |
| Total | 214 | 110 | 78.3 | 95.6 | -23.6% |
Top Suppliers of Vegetable Puree to South Korea in 2022:
- India (undefined tons)
- China (8.0 tons)
- Vietnam (3.3 tons)
- United States (1.5 tons)
- Australia (1.4 tons)
- Germany (1.3 tons)
- France (0.7 tons)
- Mexico (0.4 tons)
Vegetable Puree Exports in South Korea
In 2022, approx. 8.5 tons of vegetable puree were exported from South Korea; with an increase of 44% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 875% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, vegetable puree exports surged to $38K in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 653%. As a result, the exports attained the peak of $58K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Vegetable Puree in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 4.1 | 5.5 | 9.5 | 52.2% |
| United States | 1.8 | 44.1 | 14.5 | 8.2 | 65.8% |
| Czech Republic | N/A | N/A | N/A | 5.3 | 0% |
| Samoa | N/A | N/A | N/A | 3.7 | 0% |
| United Kingdom | N/A | 2.0 | 1.9 | 3.4 | 30.4% |
| Germany | N/A | 1.5 | 2.9 | 2.1 | 18.3% |
| Slovakia | N/A | 2.6 | 1.8 | 1.9 | -14.5% |
| France | N/A | 1.3 | 0.9 | 0.9 | -16.8% |
| Italy | N/A | 1.4 | N/A | N/A | 0% |
| China | 3.3 | 0.4 | N/A | N/A | -87.9% |
| Others | 2.7 | 0.7 | 1.5 | 2.7 | 0.0% |
| Total | 7.7 | 58.1 | 29.0 | 37.6 | 69.7% |
Top Export Markets for Vegetable Puree from South Korea in 2022:
- Czech Republic (1932.0 kg)
- Netherlands (1572.0 kg)
- United Kingdom (1213.0 kg)
- Samoa (1056.0 kg)
- Slovakia (816.0 kg)
- Germany (769.0 kg)
- United States (312.0 kg)
- France (288.0 kg)
This report provides an in-depth analysis of the vegetable puree 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 476 - Homogenized Vegetable Preparations
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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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
1584
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