Republic of Korea: Persimmon Market 2024

Persimmon Market Size in Republic of Korea

The South Korean persimmon market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Persimmon Production in Republic of Korea

In value terms, persimmon production fell modestly to $X in 2022 estimated in export price. Overall, production showed a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of persimmons in South Korea fell to X tons per ha, with a decrease of X% against the previous year. Overall, the yield showed a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the average persimmon 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, the total area harvested in terms of persimmons production in South Korea reduced to X ha, leveling off at the year before. In general, the harvested area continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. The persimmon harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Persimmon Exports

Exports from Republic of Korea

In 2022, persimmon exports from South Korea surged to X tons, rising by X% against 2021 figures. In general, exports, however, recorded a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, persimmon exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), the Philippines (X tons) and Singapore (X tons) were the main destinations of persimmon exports from South Korea, with a combined X% share 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 the Philippines (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the Philippines ($X), Malaysia ($X) and Singapore ($X) constituted the largest markets for persimmon exported from South Korea worldwide, together comprising X% of total exports. Hong Kong SAR, Vietnam, Canada and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average persimmon export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Malaysia ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Persimmon Imports

Imports into Republic of Korea

Persimmon imports into South Korea was estimated at X kg in 2016, approximately equating the previous year's figure. Overall, imports recorded a significant expansion. The smallest decline of X% was in 2013. Imports peaked in 2016 and are expected to retain growth in the immediate term.

In value terms, persimmon imports amounted to $X in 2016. Over the period under review, imports showed significant growth. The smallest decline of X% was in 2013. Over the period under review, imports reached the maximum in 2016 and are likely to see gradual growth in the near future.

Imports by Country

In 2016, Brazil (X kg) constituted the largest supplier of persimmon to South Korea, with a X% share of total imports. Moreover, persimmon imports from Brazil exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), fourfold.

From 2012 to 2016, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and New Zealand (X% per year).

In value terms, the Netherlands ($X), Brazil ($X) and New Zealand ($X) constituted the largest persimmon suppliers to South Korea.

In terms of the main suppliers, New Zealand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average persimmon import price stood at $X per ton in 2016, approximately equating the previous year. In general, the import price recorded a significant increase. The pace of growth was the most pronounced in 2013 when the average import price decreased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2016 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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