Feb 22, 2019

Republic of Korea - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Soya Bean Market Overview 2019

Soya Bean Market Size in Republic of Korea

The revenue of the soya bean market in South Korea amounted to $X in 2017, remaining stable against the previous year. Overall, the total market indicated a noticeable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soya bean consumption decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2008, with an increase of X% y-o-y. Over the period under review, the soya bean market reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Soya Bean Production in Republic of Korea

In 2017, soya bean production in South Korea stood at X tonnes, waning by -X% against the previous year. Overall, soya bean production continues to indicate a drastic decline. The growth pace was the most rapid in 2013, when the output figure increased by X% year-to-year. In that year, the soya bean production reached their peak volume of X tonnes. From 2014 to 2017, growth of the soya bean production stood at a somewhat lower level. Soya bean output in South Korea indicated a drastic contraction, which was largely conditioned by a drastic reduction of the harvested area and a modest growth in yield figures.

In 2017, average soya bean yield in South Korea stood at X tonne per ha, coming up by X% against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2013, when yield increased by X% against the previous year. Over the period under review, the average soya bean yield reached its peak figure level of X tonne per ha in 2009; however, from 2010 to 2017, it failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, soya bean harvested area in South Korea stood at X ha, dropping by -X% against the previous year. Overall, soya bean harvested area continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. The soya bean harvested area peaked of X ha in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soya Bean Exports from Republic of Korea

In 2017, approx. X tonnes of soya beans were exported from South Korea; reducing by -X% against the previous year. Overall, soya bean exports continue to indicate an outstanding growth. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. The exports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, soya bean exports stood at $X in 2017. In general, soya bean exports continue to indicate a remarkable increase. The exports peaked of $X in 2016, and then declined slightly in the following year.

Soya Bean Exports by Country from Republic of Korea

China (X tonnes), Malaysia (X tonnes) and Canada (X tonnes) were the main destinations of soya bean exports from South Korea.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Tanzania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest markets for soya bean exported from South Korea were China ($X), Malaysia ($X) and Canada ($X), with a combined X% share of total exports. These countries were followed by Kuwait, Slovakia, Iraq, the UK, Japan and Tanzania, which together accounted for a further X%.

The UK (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main countries of destination over the last decade, while the other leaders experienced more modest paces of growth.

Soya Bean Export Prices by Country in Republic of Korea

The average soya bean export price stood at $X per tonne in 2017, rising by X% against the previous year. In general, soya bean export price continues to indicate a dramatic reduction. The growth pace was the most rapid in 2009, when the average export prices increased by X% y-o-y. Over the period under review, the average export prices for soya beans attained its maximum level of $X per kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Kuwait ($X per tonne), while average price for exports to Tanzania ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to the UK (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Soya Bean Imports into Republic of Korea

In 2017, approx. X tonnes of soya beans were imported into South Korea; falling by -X% against the previous year. In general, soya bean imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when imports increased by X% year-to-year. The imports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, soya bean imports stood at $X in 2017. Overall, the total imports indicated a perceptible growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soya bean imports decreased by -X% against 2014 indices. The imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Soya Bean Imports by Country into Republic of Korea

The U.S. (X tonnes), Brazil (X tonnes) and Paraguay (X tonnes) were the main suppliers of soya bean imports to South Korea, together comprising X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Paraguay (+X% per year), while the other leaders experienced mixed trend patterns.

In value terms, the U.S. ($X), Brazil ($X) and Paraguay ($X) constituted the largest soya bean suppliers to South Korea, with a combined X% share of total imports.

In terms of the main suppliers , Paraguay (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Soya Bean Import Prices by Country in Republic of Korea

The average soya bean import price stood at $X per tonne in 2017, going up by X% against the previous year. Overall, the import price indicated a measured expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soya bean import price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. The import price peaked of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per tonne), while prices for soya bean imports from Paraguay ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
soya beans.


This report provides an in-depth analysis of the soya bean 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:
• Republic of 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018
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