Latest Report Update: Apr 11, 2019

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

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Republic of Korea: Banana Market Overview 2019

Banana Market Size in Republic of Korea

The revenue of the banana market in South Korea amounted to $X in 2017, surging 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). Overall, banana consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. The banana consumption peaked in 2017, and is expected to retain its growth in the near future.

Banana Exports

Exports from Republic of Korea

Banana exports from South Korea totaled X tonnes in 2017, declining by -X% against the previous year. In general, banana exports continue to indicate a sharp drop. The most prominent rate of growth was recorded in 2010, when exports increased by X% against the previous year. The exports peaked of X tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, banana exports stood at $X in 2017. In general, banana exports continue to indicate a sharp decrease. Over the period under review, the banana exports reached its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Exports by Country

The Philippines (X kg) was the main destination of banana exports from South Korea, with a X% share of total exports. Moreover, banana exports to the Philippines exceeded the volume sent to the second major destination, Egypt (X kg), sixfold.

From 2007 to 2017, the average annual rate of growth in terms of volume to the Philippines amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-X% per year) and Russia (-X% per year).

In value terms, the Philippines ($X) remains the key foreign market for banana exports from South Korea, making up X% of total banana exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of value to the Philippines stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-X% per year) and Russia (-X% per year).

Export Prices by Country

In 2017, the average banana export price amounted to $X per kg, coming up by X% against the previous year. In general, banana export price continues to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. In that year, the average export prices for bananas reached their peak level, and is likely to continue its growth in the immediate term.

Average export prices varied somewhat for the major foreign markets. In 2017, the country with the highest export price was the Philippines ($X per kg), while average price for exports to Russia ($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 the Philippines (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Banana Imports

Imports into Republic of Korea

Banana imports into South Korea amounted to X tonnes in 2017, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2010, with an increase of X% year-to-year. Over the period under review, the banana imports attained its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, banana imports totaled $X in 2017. In general, banana imports continue to indicate a remarkable increase. The imports peaked in 2017, and are likely to see steady growth in the near future.

Imports by Country

In 2017, the Philippines (X tonnes) constituted the largest banana supplier to South Korea, accounting for X% share of total imports. Moreover, banana imports from the Philippines exceeded the figures recorded by the second largest supplier, Ecuador (X tonnes), more than tenfold.

From 2007 to 2017, the average annual rate of growth in terms of volume from the Philippines totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Peru (+X% per year).

In value terms, the Philippines ($X) constituted the largest supplier of banana to South Korea, making up X% of total banana imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total imports.

From 2007 to 2017, the average annual growth rate of value from the Philippines stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Peru (+X% per year).

Import Prices by Country

The average banana import price stood at $X per tonne in 2017, reducing by -X% against the previous year. Overall, the import price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013, when it surged by X% against the previous year. The import price peaked of $X per tonne in 2016, and then declined slightly in the following year.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the country with the highest import price was Peru ($X per tonne), while price for Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Ecuador (+X% per year), the import prices for other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Product coverage:

FCL 486 - Bananas.


This report provides an in-depth analysis of the banana 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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