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Republic of Korea - Oranges - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Orange Market Overview 2021

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Orange Market Size in Republic of Korea

In 2020, the South Korean orange market decreased by -X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, showed a pronounced increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Orange consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Orange Exports

Exports from Republic of Korea

In 2020, after two years of growth, there was significant decline in shipments abroad of oranges, when their volume decreased by -X% to X tonnes. In general, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, orange exports contracted rapidly to $X in 2020. Overall, exports, however, continue to indicate tangible growth. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for orange exports from South Korea, with a X% share of total exports. Moreover, orange exports to Hong Kong SAR exceeded the volume sent to the second major destination, Cambodia (X tonnes), more than tenfold. Russia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+X% per year) and Russia (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Mongolia (+X% per year).

Export Prices by Country

The average orange export price stood at $X per tonne in 2020, remaining stable against the previous year. In general, export price indicated a noticeable expansion from 2007 to 2020: its price 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, orange export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2015 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2016 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia, while the prices for the other major destinations experienced mixed trend patterns.

Orange Imports

Imports into Republic of Korea

In 2020, approx. X tonnes of oranges were imported into South Korea; which is down by -X% against 2019. Over the period under review, imports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, orange imports contracted notably to $X in 2020. Overall, imports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of orange to South Korea, with a X% share of total imports. It was followed by Australia (X tonnes), with a X% share of total imports.

From 2007 to 2020, 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: Australia (+X% per year) and South Africa (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and South Africa (+X% per year).

Import Prices by Country

The average orange import price stood at $X per tonne in 2020, approximately reflecting the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while the price for South Africa ($X per tonne) was 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 mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oranges in the world?
+
The countries with the highest volumes of orange consumption in 2020 were China (23M tonnes), Brazil (17M tonnes) and India (10M tonnes), together accounting for 55% of global consumption.
What are the largest producers of oranges in the world?
+
The countries with the highest volumes of orange production in 2020 were China (23M tonnes), Brazil (17M tonnes) and India (10M tonnes), with a combined 54% share of global production.
What are the leading suppliers of oranges to Republic of Korea?
+
In value terms, the U.S. ($162M) constituted the largest supplier of orange to South Korea, comprising 95% of total imports. The second position in the ranking was occupied by Australia ($4.7M), with a 2.8% share of total imports.
What are the leading importers of oranges from Republic of Korea?
+
In value terms, Hong Kong SAR ($52K) remains the key foreign market for orange exports from South Korea, comprising 62% of total exports. The second position in the ranking was occupied by Russia ($6.7K), with a 8% share of total exports. It was followed by Mongolia, with a 5.4% share.
What is the average export price for oranges in Republic of Korea?
+
The average orange export price stood at $964 per tonne in 2020, therefore, remained relatively stable against the previous year.
What is the average import price for oranges in Republic of Korea?
+
The average orange import price stood at $1,119 per tonne in 2020, remaining constant against the previous year.

Product coverage:
• FCL 490 - Oranges

This report provides an in-depth analysis of the orange 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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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