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Republic of Korea - Plums And Sloes - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Plum And Sloe Market Overview 2021

Plum And Sloe Market Size in Republic of Korea

The South Korean plum and sloe market soared to $X in 2019, growing by X% against the previous year. Overall, consumption, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Plum And Sloe Production in Republic of Korea

In value terms, plum and sloe production soared to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Plum and sloe production peaked at $X in 2008; however, from 2009 to 2019, production failed to regain the momentum.

The average yield of plums and sloes in South Korea dropped modestly to X tonnes per ha in 2019, with a decrease of -X% compared with 2018 figures. In general, the yield recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, the average plum and sloe yield reached the maximum level at X tonnes per ha in 2008; however, from 2009 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of plums and sloes were harvested in South Korea; increasing by X% compared with 2018 figures. The harvested area increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to plum and sloe production reached the peak figure in 2019 and is expected to retain growth in years to come.

Plum And Sloe Exports

Exports from Republic of Korea

In 2019, overseas shipments of plums and sloes decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

In value terms, plum and sloe exports contracted significantly to $X in 2019. In general, exports saw a dramatic descent. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for plum and sloe exports from South Korea, accounting for a X% share of total exports. Moreover, plum and sloe exports to Hong Kong SAR exceeded the volume sent to the second major destination, Singapore (X kg), fourfold. The third position in this ranking was occupied by Guatemala (X kg), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Hong Kong SAR totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Guatemala (-X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to Hong Kong SAR totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Singapore (-X% per year).

Export Prices by Country

The average plum and sloe export price stood at $X per tonne in 2019, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Indonesia ($X per tonne), while the average price for exports to Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Guam, while the prices for the other major destinations experienced more modest paces of growth.

Plum And Sloe Imports

Imports into Republic of Korea

In 2019, supplies from abroad of plums and sloes increased by X% to X tonnes, rising for the fifth consecutive year after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, plum and sloe imports skyrocketed to $X in 2019. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in years to come.

Imports by Country

The U.S. (X tonnes) and Chile (X tonnes) were the main suppliers of plum and sloe imports to South Korea, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Chile.

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

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. stood at +X%.

Import Prices by Country

The average plum and sloe import price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The import price peaked in 2019 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Chile stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plums and sloes in the world?
+
China (7M tonnes) remains the largest plum and sloe consuming country worldwide, comprising approx. 55% of total volume. Moreover, plum and sloe consumption in China exceeded the figures recorded by the second-largest consumer, Romania (708K tonnes), tenfold. The third position in this ranking was occupied by Serbia (542K tonnes), with a 4.3% share.
What are the largest producers of plums and sloes in the world?
+
China (7M tonnes) remains the largest plum and sloe producing country worldwide, comprising approx. 55% of total volume. Moreover, plum and sloe production in China exceeded the figures recorded by the second-largest producer, Romania (693K tonnes), tenfold. The third position in this ranking was occupied by Serbia (559K tonnes), with a 4.4% share.
What are the leading suppliers of plums and sloes to Republic of Korea?
+
In value terms, the U.S. ($104K) constituted the largest supplier of plum and sloe to South Korea, comprising 72% of total imports. The second position in the ranking was occupied by Chile ($41K), with a 28% share of total imports.
What are the leading importers of plums and sloes from Republic of Korea?
+
In value terms, Hong Kong SAR ($2.4K) remains the key foreign market for plum and sloe exports from South Korea, comprising 46% of total exports. The second position in the ranking was occupied by Indonesia ($764), with a 14% share of total exports. It was followed by Singapore, with a 13% share.
What is the average export price for plums and sloes in Republic of Korea?
+
The average plum and sloe export price stood at $1,797 per tonne in 2019, surging by 43% against the previous year.
What is the average import price for plums and sloes in Republic of Korea?
+
The average plum and sloe import price stood at $3,266 per tonne in 2019, increasing by 27% against the previous year.

Product coverage:
• FCL 536 - Plums

This report provides an in-depth analysis of the plum and sloe 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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