Report Republic of Korea - Apricots - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Aug 31, 2022

Republic of Korea - Apricots - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Apricot Market 2022

Apricot Market Size in Republic of Korea

The South Korean apricot market was estimated at $X in 2021, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a significant increase. Apricot consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Apricot Production in Republic of Korea

In value terms, apricot production skyrocketed to $X in 2021 estimated in export price. Overall, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Apricot production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

In 2021, the average apricot yield in South Korea totaled less than X kg per ha, remaining constant against 2020. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the apricot harvested area in South Korea stood at less than X ha, remaining relatively unchanged against 2020. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Apricot Exports

Exports from Republic of Korea

In 2021, after three years of growth, there was significant decline in shipments abroad of apricots, when their volume decreased by -X% to X tons. Over the period under review, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2020, and then shrank dramatically in the following year.

In value terms, apricot exports shrank to $X in 2021. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020, and then fell in the following year.

Exports by Country

Canada (X kg), Bahrain (X kg) and the United Arab Emirates (X kg) were the main destinations of apricot exports from South Korea, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, Bahrain ($X) remains the key foreign market for apricot exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

In 2021, the average apricot export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Apricot Imports

Imports into Republic of Korea

After four years of growth, overseas purchases of apricots decreased by -X% to X tons in 2021. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, apricot imports expanded modestly to $X in 2021. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main apricot supplier to South Korea, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%.

In value terms, the United States ($X) constituted the largest supplier of apricot to South Korea.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +X%.

Import Prices by Country

The average apricot import price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the import price, however, recorded a abrupt descent. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for apricots in the world?
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The countries with the highest volumes of in 2021 were Turkey, Uzbekistan and Iran, together accounting for 42% of global consumption. These countries were followed by Italy, Algeria, Russia, France, Afghanistan, Greece, Morocco, Pakistan, Egypt and Ukraine, which together accounted for a further 32%.
What are the largest producers of apricots in the world?
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The countries with the highest volumes of in 2021 were Turkey, Uzbekistan and Iran, together accounting for 44% of global production. These countries were followed by Italy, Algeria, Spain, Afghanistan, Greece, France, Morocco, Pakistan, Egypt and Japan, which together accounted for a further 33%.
What are the leading suppliers of apricots to Republic of Korea?
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In value terms, the United States constituted the largest supplier of apricot to South Korea.
What are the leading importers of apricots from Republic of Korea?
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In value terms, Bahrain remains the key foreign market for apricot exports from South Korea, comprising 53% of total exports. The second position in the ranking was held by Canada, with a 25% share of total exports.
What is the average export price for apricots in Republic of Korea?
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The average apricot export price stood at $5,306 per ton in 2021, rising by 21% against the previous year.
What is the average import price for apricots in Republic of Korea?
+
In 2021, the average apricot import price amounted to $1,691 per ton, with an increase of 6.9% against the previous year.

This report provides an in-depth analysis of the apricot 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 526 - Apricots
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

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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