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Republic of Korea - Apple - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Apple Market Overview 2021

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Apple Market Size in Republic of Korea

In 2020, the South Korean apple market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is likely to see steady growth in the immediate term.

Apple Production in Republic of Korea

In value terms, apple production soared to $X in 2020 estimated in export prices. Overall, production saw a remarkable increase. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, production attained the peak level in 2020 and is likely to continue growth in years to come.

The average yield of apples in South Korea stood at X tonnes per ha in 2020, standing approx. at the previous year. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by X% against the previous year. Over the period under review, the average apple yield reached the peak level at X tonnes per ha in 2015; however, from 2016 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of apples production in South Korea stood at X ha, leveling off at the previous year. Over the period under review, the harvested area showed modest growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The apple harvested area peaked at X ha in 2017; however, from 2018 to 2020, the harvested area remained at a lower figure.

Apple Exports

Exports from Republic of Korea

In 2020, approx. X tonnes of apples were exported from South Korea; which is down by -X% on the year before. Over the period under review, exports, however, recorded pronounced growth. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, apple exports reduced to $X in 2020. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Viet Nam (X tonnes), Taiwan (Chinese) (X tonnes) and Singapore (X tonnes) were the main destinations of apple exports from South Korea, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Singapore (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for apple exported from South Korea were Taiwan (Chinese) ($X), Viet Nam ($X) and Singapore ($X), together accounting for X% of total exports.

Singapore (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average apple export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Apple Imports

Imports into Republic of Korea

In 2020, overseas purchases of apples decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, apple imports declined dramatically to $X in 2020. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2018 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Taiwan (Chinese) (X tonnes) was the main apple supplier to South Korea, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Taiwan (Chinese) was relatively modest.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of apple to South Korea.

From 2007 to 2020, the average annual rate of growth in terms of value from Taiwan (Chinese) was relatively modest.

Import Prices by Country

The average apple import price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, the import price enjoyed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2007 to 2020, the rate of growth in terms of prices for Taiwan (Chinese) amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apples in the world?
+
China (43M tonnes) remains the largest apple consuming country worldwide, accounting for 48% of total volume. Moreover, apple consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.4M tonnes), tenfold. Turkey (3.7M tonnes) ranked third in terms of total consumption with a 4.1% share.
What are the largest producers of apples in the world?
+
China (44M tonnes) remains the largest apple producing country worldwide, accounting for 49% of total volume. Moreover, apple production in China exceeded the figures recorded by the second-largest producer, the U.S. (5.1M tonnes), ninefold. The third position in this ranking was occupied by Turkey (3.7M tonnes), with a 4.2% share.
What are the leading suppliers of apples to Republic of Korea?
+
In value terms, Taiwan (Chinese) ($33K) constituted the largest supplier of apple to South Korea.
What are the leading importers of apples from Republic of Korea?
+
In value terms, Taiwan (Chinese) ($1.9M), Viet Nam ($1.1M) and Singapore ($643K) constituted the largest markets for apple exported from South Korea worldwide, together accounting for 71% of total exports.
What is the average export price for apples in Republic of Korea?
+
In 2020, the average apple export price amounted to $1,947 per tonne, increasing by 23% against the previous year.
What is the average import price for apples in Republic of Korea?
+
The average apple import price stood at $2,517 per tonne in 2020, picking up by 76% against the previous year.

Product coverage:
• FCL 515 - Apples

This report provides an in-depth analysis of the apple 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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