Latest Report Update: Feb 22, 2019

Republic of Korea - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Chocolate Market Overview 2019

Chocolate Market Size in Republic of Korea

The revenue of the chocolate market in South Korea amounted to $X in 2017, coming down by -X% against the previous year. Overall, chocolate consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012, with an increase of X% y-o-y. Over the period under review, the chocolate market reached its peak figure level of $X in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Chocolate Production in Republic of Korea

In 2017, chocolate production in South Korea totaled X tonnes, reducing by -X% against the previous year. In general, chocolate production continues to indicate a temperate curtailment. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. The chocolate production peaked of X tonnes in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Chocolate Exports from Republic of Korea

In 2017, chocolate exports from South Korea stood at X tonnes, rising by X% against the previous year. Overall, the total exports indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chocolate exports increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2015, with an increase of X% y-o-y. Over the period under review, the chocolate exports attained its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, chocolate exports stood at $X in 2017. In general, chocolate exports continue to indicate a strong growth. Over the period under review, the chocolate exports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Chocolate Exports by Country from Republic of Korea

Japan (X tonnes) was the main destination of chocolate exports from South Korea, with a X% share of total exports. Moreover, chocolate exports to Japan exceeded the volume sent to the second major destination, China (X tonnes), sixfold. The third position in this ranking was occupied by China, Hong Kong SAR (X tonnes), with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and China, Hong Kong SAR (+X% per year).

In value terms, Japan ($X) remains the key foreign market for chocolate exports from South Korea, making up X% of total chocolate exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and China, Hong Kong SAR (+X% per year).

Chocolate Export Prices by Country in Republic of Korea

The average chocolate export price stood at $X per tonne in 2017, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010, an increase of X% year-to-year. The export price peaked of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Australia ($X per kg), while average price for exports to the United Arab Emirates ($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 Taiwan, Chinese (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Chocolate Imports into Republic of Korea

In 2017, approx. X tonnes of chocolate and cocoa products were imported into South Korea; coming down by -X% against the previous year. In general, the total imports indicated a pronounced growth from 2007 to 2017: its volume 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 pace of growth was the most pronounced in 2010, when imports increased by X% year-to-year. The imports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, chocolate imports stood at $X in 2017. In general, chocolate imports continue to indicate a prominent increase. Over the period under review, the chocolate imports attained its maximum level of $X in 2016, and then declined slightly in the following year.

Chocolate Imports by Country into Republic of Korea

In 2017, the U.S. (X tonnes) constituted the largest supplier of chocolate to South Korea, with a X% share of total imports. Moreover, chocolate imports from the U.S. exceeded the figures recorded by the second largest supplier, Singapore (X tonnes), twofold. China (X tonnes) ranked third in terms of total imports with a X% share.

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

In value terms, the U.S. ($X) constituted the largest supplier of chocolate to South Korea, making up X% of total chocolate imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2017, the average annual growth rate of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (+X% per year).

Chocolate Import Prices by Country in Republic of Korea

In 2017, the average chocolate import price amounted to $X per tonne, remaining stable 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 2014, an increase of X% y-o-y. Over the period under review, the average import prices for chocolate and cocoa products reached its peak figure level of $X per tonne in 2016, leveling off in the following year.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Italy ($X per kg), while prices for chocolate imports from the Netherlands ($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 Malaysia (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
cocoa powder, containing added sugar or other sweetening matter, other preparations of cocoa in blocks, slabs or bars or in liquid, paste, powder, granular or other bulk form in containers or immediate packages.


This report provides an in-depth analysis of the chocolate 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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