Report Republic of Korea - Cream - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jul 31, 2021

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

Cream Market Size in Republic of Korea

For the tenth consecutive year, the South Korean cream market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption enjoyed prominent growth. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in years to come.

Cream Production in Republic of Korea

In value terms, cream production surged to $X in 2020 estimated in export prices. Overall, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% y-o-y. Cream production peaked in 2020 and is likely to see steady growth in the near future.

Cream Exports

Exports from Republic of Korea

In 2020, the amount of cream exported from South Korea totaled X kg, almost unchanged from the previous year. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked at X tons in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, cream exports amounted to $X in 2020. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for cream exports from South Korea, with a X% share of total exports. Moreover, cream exports to Saudi Arabia exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold. The Philippines (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2011, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and the Philippines (-X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for cream exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2007 to 2011, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and the Philippines (+X% per year).

Export Prices by Country

In 2011, the average cream export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the Philippines ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2007 to 2011, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Cream Imports

Imports into Republic of Korea

In 2020, cream imports into South Korea rose modestly to X tons, surging by X% on the previous year's figure. Over the period under review, total imports indicated a moderate expansion 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 2008 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, cream imports expanded sharply to $X in 2020. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to continue growth in years to come.

Imports by Country

In 2020, France (X tons) constituted the largest cream supplier to South Korea, with a X% share of total imports. Moreover, cream imports from France exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from France totaled +X%.

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

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

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed a strong increase. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per ton), while the price for France totaled $X per ton.

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cream in the world?
+
The countries with the highest volumes of cream consumption in 2020 were China, the U.S. and Germany, with a combined 34% share of global consumption. These countries were followed by France, Norway, Indonesia, Pakistan, Bangladesh, South Korea, Ethiopia, the UK, Iran and Canada, which together accounted for a further 24%.
What are the largest producers of cream in the world?
+
The countries with the highest volumes of cream production in 2020 were China, the U.S. and Germany, with a combined 34% share of global production. Norway, Indonesia, Pakistan, Bangladesh, France, Ethiopia, South Korea, Iran, Canada and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 24%.
What are the leading suppliers of cream to Republic of Korea?
+
In value terms, Australia constituted the largest supplier of cream to South Korea, comprising 82% of total imports. The second position in the ranking was occupied by France, with a 18% share of total imports.
What are the leading importers of cream from Republic of Korea?
+
In value terms, Saudi Arabia emerged as the key foreign market for cream exports from South Korea, comprising 86% of total exports. The second position in the ranking was occupied by Myanmar, with a 5.8% share of total exports. It was followed by the Philippines, with a 5.5% share.
What is the average export price for cream in Republic of Korea?
+
The average cream export price stood at $2,079 per ton in 2011, waning by -6.6% against the previous year.
What is the average import price for cream in Republic of Korea?
+
The average cream import price stood at $6,100 per ton in 2020, growing by 11% against the previous year.

This report provides an in-depth analysis of the cream 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.


Product coverage:
• Prodcom 10511210 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
• Prodcom 10511220 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l
• Prodcom 10511230 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
• Prodcom 10511240 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l
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

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
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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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