Republic of Korea: Cauliflower And Broccoli Market Overview 2020

Cauliflower And Broccoli Market Size in Republic of Korea

The revenue of the cauliflower and broccoli market in South Korea amounted to $X in 2018, rising by X% against the previous year. Overall, cauliflower and broccoli consumption, however, continues to indicate slight growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the cauliflower and broccoli market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Cauliflower And Broccoli Production in Republic of Korea

In value terms, cauliflower and broccoli production amounted to $X in 2018 estimated in export prices. In general, cauliflower and broccoli production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, cauliflower and broccoli production attained its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Average yield of cauliflower and broccoli in South Korea totaled X tonne per ha in 2018, approximately reflecting the previous year. Over the period under review, the cauliflower and broccoli yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when yield increased by X% year-to-year. Cauliflower and broccoli yield peaked at X tonne per ha in 2015; however, from 2016 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cauliflower and broccoli were harvested in South Korea; jumping by X% against the previous year. In general, the cauliflower and broccoli harvested area continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cauliflower and broccoli production reached its maximum at X ha in 2013; however, from 2014 to 2018, harvested area failed to regain its momentum.

Cauliflower And Broccoli Exports

Exports from Republic of Korea

In 2018, the amount of cauliflower and broccoli exported from South Korea totaled X tonnes, shrinking by -X% against the previous year. Overall, cauliflower and broccoli exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Exports peaked at X tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, cauliflower and broccoli exports totaled $X in 2018. In general, cauliflower and broccoli exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. In that year, cauliflower and broccoli exports attained their peak of $X. From 2016 to 2018, the growth of cauliflower and broccoli exports remained at a somewhat lower figure.

Exports by Country

Singapore (X kg), Indonesia (X kg) and Algeria (X kg) were the main destinations of cauliflower and broccoli 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 Indonesia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cauliflower and broccoli exported from South Korea were Algeria ($X), China, Hong Kong SAR ($X) and Singapore ($X), together comprising X% of total exports. These countries were followed by Indonesia, Taiwan, Chinese, Marshall Islands and Palau, which together accounted for a further X experienced the highest growth rate of market size, in terms of the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cauliflower and broccoli export price stood at $X per tonne in 2018, growing by X% against the previous year. In general, the cauliflower and broccoli export price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. In that year, the average export prices for cauliflower and broccoli attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average export prices for cauliflower and broccoli remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China, Hong Kong SAR ($X per tonne), while the average price for exports to Indonesia ($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 Taiwan, Chinese, while the prices for the other major destinations experienced more modest paces of growth.

Cauliflower And Broccoli Imports

Imports into Republic of Korea

In 2018, the amount of cauliflower and broccoli imported into South Korea stood at X tonnes, rising by X% against the previous year. Overall, cauliflower and broccoli imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, cauliflower and broccoli imports stood at $X in 2018. In general, cauliflower and broccoli imports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, cauliflower and broccoli imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tonnes) constituted the largest cauliflower and broccoli supplier to South Korea, with a X% share of total imports. Moreover, cauliflower and broccoli imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume from China amounted to -X%.

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

From 2007 to 2018, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

The average cauliflower and broccoli import price stood at $X per tonne in 2018, going up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the price for China amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform