Republic of Korea: Beer Market Overview 2020

Beer Market Size in Republic of Korea

The revenue of the beer market in South Korea amounted to $X in 2018, increasing by X% against the previous year. Overall, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beer consumption increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the beer market reached its maximum level in 2018 and is expected to retain its growth in the immediate term.

Beer Production in Republic of Korea

In value terms, beer production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Beer production peaked in 2018 and is likely to continue its growth in the immediate term.

Beer Exports

Exports from Republic of Korea

In 2018, the exports of beer made from malt (excluding non-alcoholic beer) from South Korea amounted to X tonnes, growing by X% against the previous year. Overall, beer exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. In that year, beer exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, beer exports totaled $X in 2018. Overall, beer exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

China (X tonnes), China, Hong Kong SAR (X tonnes) and Iraq (X tonnes) were the main destinations of beer exports from South Korea, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), China, Hong Kong SAR ($X) and Iraq ($X) were the largest markets for beer exported from South Korea worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, China experienced the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average beer export price stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The export price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to China, Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into Republic of Korea

In 2018, the amount of beer made from malt (excluding non-alcoholic beer) imported into South Korea stood at X tonnes, jumping by X% against the previous year. In general, beer imports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, beer imports amounted to $X in 2018. Over the period under review, beer imports continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Japan (X tonnes), China (X tonnes) and Germany (X tonnes) were the main suppliers of beer imports to South Korea, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beer suppliers to South Korea were Japan ($X), China ($X) and Germany ($X), with a combined X% share of total imports.

China recorded the highest rates of growth with regard to market size, among the main suppliers over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beer import price stood at $X per tonne in 2018, approximately mirroring the previous year. In general, the beer import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. In that year, the average import prices for beer made from malt (excluding non-alcoholic beer) reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for beer made from malt (excluding non-alcoholic beer) remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per tonne), while the price for the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform