Latest Report Update: Feb 21, 2019

Republic of Korea - Avocados - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Avocado Market Overview 2019

Avocado Market Size in Republic of Korea

The revenue of the avocado market in South Korea amounted to $X in 2017, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, avocado consumption continues to indicate a strong increase. The pace of growth was the most pronounced in 2016, with an increase of X% year-to-year. The avocado consumption peaked in 2017, and is expected to retain its growth in the near future.

Avocado Exports from Republic of Korea

Avocado exports from South Korea stood at X kg in 2017, coming up by X% against the previous year. Overall, avocado exports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. Over the period under review, the avocado exports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, avocado exports amounted to $X in 2017. In general, avocado exports continue to indicate a noticeable expansion. The exports peaked in 2017, and are expected to retain its growth in the immediate term.

Avocado Exports by Country from Republic of Korea

China, Hong Kong SAR (X tonnes) was the main destination of avocado exports from South Korea, accounting for X% share of total exports. Moreover, avocado exports to China, Hong Kong SAR exceeded the volume sent to the second major destination, Egypt (X tonnes), threefold. Brunei Darussalam (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual growth rate of volume to China, Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Brunei Darussalam (+X% per year).

In value terms, China, Hong Kong SAR ($X), Egypt ($X) and Malaysia ($X) appeared to be the largest markets for avocado exported from South Korea worldwide.

Among the main countries of destination , Malaysia (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Avocado Export Prices by Country in Republic of Korea

In 2017, the average avocado export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, avocado export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2016, when the average export prices increased by X% year-to-year. The export price peaked of $X per tonne in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Egypt ($X per tonne), while average price for exports to Brunei Darussalam ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Malaysia (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Avocado Imports into Republic of Korea

In 2017, approx. X tonnes of avocados were imported into South Korea; picking up by X% against the previous year. Overall, avocado imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, the avocado imports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, avocado imports stood at $X in 2017. Overall, avocado imports continue to indicate a strong growth. The imports peaked in 2017, and are expected to retain its growth in the near future.

Avocado Imports by Country into Republic of Korea

The U.S. (X tonnes), New Zealand (X tonnes) and Mexico (X tonnes) were the main suppliers of avocado imports to South Korea, with a combined X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by New Zealand (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest avocado suppliers to South Korea were the U.S. ($X), New Zealand ($X) and Mexico ($X).

New Zealand (+X% per year) experienced the highest rates of growth with regard to imports, among the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Avocado Import Prices by Country in Republic of Korea

In 2017, the average avocado import price amounted to $X per tonne, falling by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011, when the average import prices increased by X% y-o-y. In that year, the average import prices for avocados reached their peak level of $X per tonne. From 2012 to 2017, growth of the average import prices for avocados stood at a somewhat lower level.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the highest prices were recorded for import prices from the U.S. ($X per tonne) and New Zealand ($X per tonne), while prices for avocado imports from Mexico ($X per tonne) and New Zealand ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by New Zealand (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
avocados.


This report provides an in-depth analysis of the avocado 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:
• Republic of 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018
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