Republic of Korea: Market for Jams, Jellies, Puree and Pastes 2024

Market Size for Jams, Jellies, Puree and Pastes in Republic of Korea

The South Korean market for jams, jellies, puree and pastes declined slightly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, showed resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Jams, Jellies, Puree and Pastes in Republic of Korea

In value terms, jam, jelly, puree and paste production dropped modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Jams, Jellies, Puree and Pastes

Exports from Republic of Korea

In 2022, approx. X tons of jams, jellies, puree and pastes were exported from South Korea; which is down by X% against 2021 figures. In general, exports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, jam, jelly, puree and paste exports reached $X in 2022. Overall, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons), the United States (X tons) and Malaysia (X tons) were the main destinations of jam, jelly, puree and paste exports from South Korea, with a combined X% share of total exports. Russia, China, Japan, Singapore, Vietnam, the Philippines, Canada and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United States ($X) and China ($X) were the largest markets for jam, jelly, puree and paste exported from South Korea worldwide, with a combined X% share of total exports. Singapore, Vietnam, Taiwan (Chinese), Malaysia, Russia, Japan, Canada and the Philippines lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for jams, jellies, puree and pastes amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jam, jelly, puree and paste export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Jellies, Puree and Pastes

Imports into Republic of Korea

In 2022, approx. X tons of jams, jellies, puree and pastes were imported into South Korea; rising by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, jam, jelly, puree and paste imports rose markedly to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Mexico (X tons) and India (X tons) were the main suppliers of jam, jelly, puree and paste imports to South Korea, with a combined X% share of total imports. France, the United States, Colombia, Vietnam, Denmark, Chile, Taiwan (Chinese), Italy and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jam, jelly, puree and paste suppliers to South Korea were China ($X), France ($X) and the United States ($X), with a combined X% share of total imports. Mexico, Vietnam, Taiwan (Chinese), India, Italy, Denmark, Colombia, Israel and Chile lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of 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 2022, the average import price for jams, jellies, puree and pastes amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform