Republic of Korea: Pears And Quinces Market 2024

Pears And Quinces Market Size in Republic of Korea

The South Korean pears and quinces market shrank to $X in 2022, waning by X% against the previous year. In general, consumption recorded a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Pears And Quinces Production in Republic of Korea

In value terms, pears and quinces production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average pears and quinces yield in South Korea reduced to X tons per ha, dropping by X% against 2021. In general, 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, pears and quinces yield increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The pears and quinces yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pears and quinces harvested area in South Korea contracted to X ha in 2022, stabilizing at 2021 figures. In general, the harvested area recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when the harvested area increased by X% against the previous year. The pears and quinces harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Pears And Quinces Exports

Exports from Republic of Korea

In 2022, after three years of decline, there was significant growth in shipments abroad of pears and quinces, when their volume increased by X% to X tons. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, pears and quinces exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main destinations of pears and quinces exports from South Korea, together accounting for X% of total exports.

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

In value terms, the United States ($X), Taiwan (Chinese) ($X) and Vietnam ($X) appeared to be the largest markets for pears and quinces exported from South Korea worldwide, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

The average pears and quinces export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Vietnam ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pears And Quinces Imports

Imports into Republic of Korea

In 2022, overseas purchases of pears and quinces decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, pears and quinces imports declined sharply to $X in 2022. Over the period under review, imports showed a perceptible decline. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) was the main supplier of pears and quinces 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 Australia totaled X%.

In value terms, Australia ($X) constituted the largest supplier of pears and quinces to South Korea.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to X%.

Import Prices by Country

The average pears and quinces import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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