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

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Barley Market Size in Republic of Korea

In 2020, the South Korean barley market increased by X% to $X, rising for the fourth year in a row after three years of decline. In general, consumption continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the near future.

Barley Production in Republic of Korea

In value terms, barley production surged to $X in 2020 estimated in export prices. Over the period under review, production enjoyed a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Barley production peaked in 2020 and is expected to retain growth in years to come.

In 2020, the average barley yield in South Korea fell to X tonnes per ha, stabilizing at the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the average barley yield reached the peak level at X tonnes per ha in 2008; however, from 2009 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 barley production in South Korea shrank modestly to X ha, waning by -X% compared with 2019. Overall, the harvested area saw a slight setback. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% year-to-year. The barley harvested area peaked at X ha in 2008; however, from 2009 to 2020, the harvested area failed to regain the momentum.

Barley Exports

Exports from Republic of Korea

In 2020, barley exports from South Korea soared to X tonnes, growing by X% compared with the previous year's figure. In general, exports saw a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, barley exports soared to $X in 2020. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Australia (X tonnes) was the main destination for barley exports from South Korea, accounting for a X% share of total exports. Moreover, barley exports to Australia exceeded the volume sent to the second major destination, Canada (X tonnes), fourfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Australia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and the U.S. (+X% per year).

In value terms, the largest markets for barley exported from South Korea were Australia ($X), the U.S. ($X) and China ($X), together accounting for X% of total exports.

The U.S. saw 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 barley export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Canada ($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 Australia, while the prices for the other major destinations experienced more modest paces of growth.

Barley Imports

Imports into Republic of Korea

In 2020, the amount of barley imported into South Korea fell to X tonnes, which is down by -X% compared with the previous year's figure. Overall, total imports indicated a measured increase from 2007 to 2020: its volume 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. Based on 2020 figures, imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, barley imports shrank sharply to $X in 2020. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019, and then shrank notably in the following year.

Imports by Country

In 2020, Australia (X tonnes) was the main barley supplier to South Korea, with a X% share of total imports. Moreover, barley imports from Australia exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Australia amounted to +X%.

In value terms, Australia ($X) constituted the largest supplier of barley to South Korea, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Australia amounted to +X%.

Import Prices by Country

In 2020, the average barley import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price recorded a slight setback. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Australia amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for barley in the world?
+
The countries with the highest volumes of barley consumption in 2020 were Russia (17M tonnes), Germany (11M tonnes) and China (8.9M tonnes), together comprising 23% of global consumption. Turkey, Spain, Canada, France, Iran, the UK, Argentina, Australia, Ukraine and Saudi Arabia lagged somewhat behind, together accounting for a further 40%.
What are the largest producers of barley in the world?
+
The countries with the highest volumes of barley production in 2020 were Russia (21M tonnes), France (14M tonnes) and Germany (12M tonnes), together accounting for 29% of global production. Canada, Australia, Ukraine, the UK, Turkey, Spain, Argentina, Kazakhstan, Denmark and Iran lagged somewhat behind, together comprising a further 44%.
What are the leading suppliers of barley to Republic of Korea?
+
In value terms, Australia ($14M) constituted the largest supplier of barley to South Korea, comprising 93% of total imports. The second position in the ranking was occupied by the U.S. ($806K), with a 5.3% share of total imports.
What are the leading importers of barley from Republic of Korea?
+
In value terms, the largest markets for barley exported from South Korea were Australia ($128K), the U.S. ($73K) and China ($47K), together accounting for 79% of total exports.
What is the average export price for barley in Republic of Korea?
+
In 2020, the average barley export price amounted to $1,130 per tonne, with an increase of 43% against the previous year.
What is the average import price for barley in Republic of Korea?
+
The average barley import price stood at $246 per tonne in 2020, falling by -15.1% against the previous year.

Product coverage:
• FCL 44 - Barley

This report provides an in-depth analysis of the barley 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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