Republic of Korea: Sugar Crop Market 2020

Sugar Crop Market Size in Republic of Korea

The revenue of the sugar crop market in South Korea amounted to $X in 2017, going up by X% against the previous year. In general, sugar crop consumption continues to indicate a strong growth. The pace of growth was the most pronounced in 2015, when market value increased by X% y-o-y. In that year, the sugar crop market reached their peak level of $X. From 2016 to 2017, growth of the sugar crop market failed to regain its momentum.

Sugar Crop Production in Republic of Korea

Sugar crop production in South Korea amounted to X kg in 2017, flattening at the previous year. Overall, sugar crop production continues to indicate a relatively flat trend pattern. Sugar crop output in South Korea indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, average sugar crop yield in South Korea stood at X kg per ha, approximately mirroring the previous year. Overall, sugar crop yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Sugar crop harvested area in South Korea totaled X ha in 2017, stabilizing at the previous year. In general, sugar crop harvested area continues to indicate a relatively flat trend pattern.

Sugar Crop Exports from Republic of Korea

Sugar crop exports from South Korea totaled X tonnes in 2017, growing by X% against the previous year. In general, sugar crop exports continue to indicate a drastic reduction. The pace of growth was the most pronounced in 2012, when exports increased by X% y-o-y. South Korea exports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, sugar crop exports totaled $X in 2017. Overall, sugar crop exports continue to indicate a drastic slump. In that year, the sugar crop exports attained their peak level of $X. From 2013 to 2017, growth of the sugar crop exports failed to regain its momentum.

Sugar Crop Exports by Country from Republic of Korea

China was the main exporting country with an export of around X tonnes, which accounted for X% of total exports. Spain (X tonnes) took the second position in the ranking, followed by Sudan (X tonnes), South Africa (X tonnes), Nigeria (X tonnes), Egypt (X tonnes) and Turkey (X tonnes). All these countries together occupied approx. X% share of total exports. Germany (X tonnes), Poland (X tonnes), Belgium (X tonnes) and Portugal (X tonnes) held the slight share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Poland (+X%), Belgium (+X%), Nigeria (+X%), Sudan (+X%), South Africa (+X%), Germany (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. By contrast, Turkey (-X%), Spain (-X%) and Egypt (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China, Spain and Egypt increased by X%, X% and X% percentage points, while Belgium (-X%), Poland (-X%), Nigeria (-X%) and Sudan (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sugar crop supplier from South Korea, making up X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (+X% per year) and Germany (+X% per year).

Sugar Crop Export Prices by Country in Republic of Korea

The sugar crop export price in South Korea stood at $X per kg in 2017, lowering by -X% against the previous year. Overall, sugar crop export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2015, an increase of X% year-to-year. In that year, the export prices for sugar crops attained their peak level of $X per kg. From 2016 to 2017, growth of the export prices for sugar crops stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was China ($X per tonne), while Sudan ($X per tonne) was amongst the lowest.

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

Sugar Crop Imports into Republic of Korea

In 2017, imports of sugar crops into South Korea stood at X tonnes, picking up by X% against the previous year. In general, sugar crop imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. South Korea imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, sugar crop imports amounted to $X in 2017. In general, sugar crop imports continue to indicate a strong growth. Over the period under review, the sugar crop imports reached its peak figure level in 2017, and are likely to see steady growth in the immediate term.

Sugar Crop Imports by Country into Republic of Korea

In 2017, Germany (X tonnes), followed by the U.S. (X tonnes), Spain (X tonnes), Iran (X tonnes), Russia (X tonnes), the Netherlands (X tonnes) and China (X tonnes) were the key importers of sugar crops, together creating X% of total imports. The following importers - France (X tonnes), Italy (X tonnes), Japan (X tonnes), Saudi Arabia (X tonnes) and Thailand (X tonnes) together made up X% of total imports.

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

In value terms, the largest sugar crop markets worldwide were Germany ($X), the U.S. ($X) and Japan ($X), together accounting for X% of total imports. Spain, South Korea, Iran, the Netherlands, Italy, Saudi Arabia, Russia, China, France and Thailand lagged somewhat behind, together comprising a further X%.

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

Sugar Crop Import Prices by Country in Republic of Korea

The sugar crop import price in South Korea stood at $X per tonne in 2017, approximately mirroring the previous year. Overall, sugar crop import price continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. South Korea import price peaked in 2017, and is expected to retain its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per tonne), while China ($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 Thailand (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform