Latest Report Update: Jul 30, 2019

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

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Republic of Korea: Tea Market Overview 2019

Tea Market Size in Republic of Korea

The revenue of the tea market in South Korea amounted to $X in 2018, going up by X% against the previous year. In general, tea consumption continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2013, when the market value increased by X% year-to-year. In that year, the tea market reached its peak level of $X. From 2014 to 2018, the growth of the tea market remained at a somewhat lower figure.

Tea Production in Republic of Korea

In value terms, tea production amounted to $X in 2018 estimated in export prices. Over the period under review, tea production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2012, with an increase of X% year-to-year. Tea production peaked at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

In 2018, average yield of tea in South Korea stood at X tonne per ha, remaining constant against the previous year. Over the period under review, tea yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012, when yield increased by X% year-to-year. Tea yield peaked in 2018, and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, harvested area of tea in South Korea amounted to X ha, surging by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The growth pace was the most rapid in 2018, when harvested area increased by X% y-o-y. In that year, the tea harvested area reached its peak figure, and is likely to continue its growth in the immediate term.

Tea Exports

Exports from Republic of Korea

Tea exports from South Korea totaled X tonnes in 2018, reducing by -X% against the previous year. Overall, tea exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when exports increased by X% y-o-y. Exports peaked at X tonnes in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, tea exports amounted to $X in 2018. In general, tea exports continue to indicate a strong growth. The pace of growth was the most pronounced in 2012, when exports increased by X% year-to-year. Over the period under review, tea exports reached their peak figure in 2018, and are likely to see steady growth in the near future.

Tea Imports

Imports into Republic of Korea

In 2018, tea imports into South Korea amounted to X tonnes, coming down by -X% against the previous year. Over the period under review, the total imports indicated a slight expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the tea imports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2015, when imports increased by X% against the previous year. In that year, tea imports reached their peak of X tonnes. From 2016 to 2018, the growth of tea imports remained at a somewhat lower figure.

In value terms, tea imports amounted to $X in 2018. Over the period under review, tea imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017, with an increase of X% year-to-year. In that year, tea imports reached their peak of $X, and then declined slightly in the following year.

Source: IndexBox AI Platform

Product coverage:
• FCL 667 - Tea

This report provides an in-depth analysis of the tea 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 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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