Latest Report Update: May 24, 2021

Republic of Korea - Dairy Spreads - Market Analysis, Forecast, Size, Trends And Insights
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Republic of Korea: Dairy Spread Market Overview 2021

Dairy Spread Market Size in Republic of Korea

The South Korean dairy spread market surged to $X in 2020, increasing by X% against the previous year. Overall, consumption continues to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the immediate term.

Dairy Spread Production in Republic of Korea

In value terms, dairy spread production soared to $X in 2020 estimated in export prices. In general, production saw a buoyant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Dairy Spread Exports

Exports from Republic of Korea

For the fourteenth consecutive year, South Korea recorded growth in shipments abroad of dairy spreads, which increased by X% to X tonnes in 2020. Over the period under review, exports continue to indicate a prominent increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dairy spread exports surged to $X in 2020. In general, exports enjoyed a significant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tonnes) was the main destination for dairy spread exports from South Korea, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Singapore stood at +X%.

In value terms, Singapore ($X) also remains the key foreign market for dairy spread exports from South Korea.

From 2007 to 2020, the average annual rate of growth in terms of value to Singapore amounted to +X%.

Export Prices by Country

The average dairy spread export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum in 2020 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2007 to 2020, the rate of growth in terms of prices for Singapore amounted to +X% per year.

Dairy Spread Imports

Imports into Republic of Korea

In 2020, imports of dairy spreads into South Korea declined remarkably to X tonnes, falling by -X% on 2019. Overall, imports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2019, and then shrank remarkably in the following year.

In value terms, dairy spread imports fell dramatically to $X in 2020. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, New Zealand (X tonnes) constituted the largest dairy spread supplier to South Korea, accounting for a X% share of total imports. Moreover, dairy spread imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Germany (+X% per year).

In value terms, the largest dairy spread suppliers to South Korea were New Zealand ($X), Australia ($X) and Germany ($X), with a combined X% share of total imports. The UK, Ukraine, Estonia and the Netherlands lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average dairy spread import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, import price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, dairy spread import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were the Netherlands ($X per tonne) and Australia ($X per tonne), while the price for New Zealand ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dairy spreads in the world?
+
China (448K tonnes) remains the largest dairy spread consuming country worldwide, accounting for 18% of total volume. Moreover, dairy spread consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (182K tonnes), twofold. India (170K tonnes) ranked third in terms of total consumption with a 6.9% share.
What are the largest producers of dairy spreads in the world?
+
The country with the largest volume of dairy spread production was China (448K tonnes), accounting for 18% of total volume. Moreover, dairy spread production in China exceeded the figures recorded by the second-largest producer, the U.S. (182K tonnes), twofold. India (170K tonnes) ranked third in terms of total production with a 6.9% share.
What are the leading suppliers of dairy spreads to Republic of Korea?
+
In value terms, New Zealand ($4.5M), Australia ($2.3M) and Germany ($2.1M) appeared to be the largest dairy spread suppliers to South Korea, together comprising 76% of total imports. The UK, Ukraine, Estonia and the Netherlands lagged somewhat behind, together accounting for a further 22%.
What are the leading importers of dairy spreads from Republic of Korea?
+
In value terms, Singapore ($38K) remains the key foreign market for dairy spread exports from South Korea.
What is the average export price for dairy spreads in Republic of Korea?
+
The average dairy spread export price stood at $4,816 per tonne in 2020, jumping by 18% against the previous year.
What is the average import price for dairy spreads in Republic of Korea?
+
The average dairy spread import price stood at $4,307 per tonne in 2020, reducing by -6.4% against the previous year.

Product coverage:
• Prodcom 10513070 - Dairy spreads of a fat content by weight < .80 %

This report provides an in-depth analysis of the dairy spread 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
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 2007–2020
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:
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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