Republic of Korea: Melon Market 2024

Melon Market Size in Republic of Korea

The South Korean melon market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption saw a slight contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Melon Production in Republic of Korea

In value terms, melon production reached $X in 2022 estimated in export price. In general, production showed a slight decline. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average melon yield in South Korea stood at X tons per ha, approximately reflecting the previous year. Overall, the yield indicated a tangible increase from 2012 to 2022: its figure 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, melon yield decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average melon yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of melons were harvested in South Korea; leveling off at the previous year's figure. Overall, the harvested area saw a pronounced decrease. The growth pace was the most rapid in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to melon production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Melon Exports

Exports from Republic of Korea

For the third consecutive year, South Korea recorded decline in overseas shipments of melons, which decreased by X% to X tons in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, melon exports declined notably to $X in 2022. In general, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main destinations of melon exports from South Korea, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest markets for melon exported from South Korea worldwide, with a combined X% share of total exports.

Hong Kong SAR, with a CAGR of X%, saw 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 mixed trend patterns.

Export Prices by Country

The average melon export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per ton) and Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

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

Melon Imports

Imports into Republic of Korea

In 2022, purchases abroad of melons decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, melon imports amounted to $X in 2022. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of melon to South Korea, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of melons to South Korea.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

The average melon import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a buoyant increase 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, melon import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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