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Republic of Korea - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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Republic of Korea: Extracts Of Tea Market Overview 2021

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Extracts Of Tea Market Size in Republic of Korea

The South Korean extracts of tea market expanded notably to $X in 2020, with an increase of X% against the previous year. In general, the total consumption indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Extracts of tea consumption peaked in 2020 and is likely to see gradual growth in years to come.

Extracts Of Tea Production in Republic of Korea

In value terms, extracts of tea production rose significantly to $X in 2020 estimated in export prices. Overall, the total production indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X% year-to-year. Extracts of tea production peaked in 2020 and is likely to see steady growth in the immediate term.

Extracts Of Tea Exports

Exports from Republic of Korea

In 2020, shipments abroad of extracts, essences and concentrates of tea or mate decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. In general, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2019 to 2020, the growth exports remained at a lower figure.

In value terms, extracts of tea exports declined markedly to $X in 2020. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Myanmar (X tonnes) was the main destination for extracts of tea exports from South Korea, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Myanmar totaled +X%.

In value terms, Myanmar ($X) also remains the key foreign market for extracts of tea exports from South Korea.

From 2007 to 2020, the average annual growth rate of value to Myanmar amounted to +X%.

Export Prices by Country

In 2020, the average extracts of tea export price amounted to $X per tonne, growing by X% against the previous year. In general, the export price recorded a measured expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2007 to 2020, the rate of growth in terms of prices for Myanmar amounted to -X% per year.

Extracts Of Tea Imports

Imports into Republic of Korea

In 2020, supplies from abroad of extracts, essences and concentrates of tea or mate decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports saw a slight reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, extracts of tea imports dropped to $X in 2020. Overall, imports posted a pronounced increase. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest extracts of tea supplier to South Korea, with a X% share of total imports. Moreover, extracts of tea imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Japan (-X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of extracts of tea to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and India (+X% per year).

Import Prices by Country

The average extracts of tea import price stood at $X per tonne in 2020, growing by X% against the previous year. In general, import price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, extracts of tea import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for extracts, essences and concentrates of tea or mate in the world?
+
China (177K tonnes) constituted the country with the largest volume of extracts of tea consumption, accounting for 18% of total volume. Moreover, extracts of tea consumption in China exceeded the figures recorded by the second-largest consumer, India (70K tonnes), threefold. The third position in this ranking was occupied by the U.S. (54K tonnes), with a 5.6% share.
What are the largest producers of extracts, essences and concentrates of tea or mate in the world?
+
China (188K tonnes) constituted the country with the largest volume of extracts of tea production, accounting for 21% of total volume. Moreover, extracts of tea production in China exceeded the figures recorded by the second-largest producer, India (76K tonnes), twofold. Japan (38K tonnes) ranked third in terms of total production with a 4.1% share.
What are the leading suppliers of extracts, essences and concentrates of tea or mate to Republic of Korea?
+
In value terms, the U.S. ($5.2M) constituted the largest supplier of extracts of tea to South Korea, comprising 47% of total imports. The second position in the ranking was occupied by Japan ($1.4M), with a 12% share of total imports. It was followed by India, with a 12% share.
What are the leading importers of extracts, essences and concentrates of tea or mate from Republic of Korea?
+
In value terms, Myanmar ($5.2M) remains the key foreign market for extracts of tea exports from South Korea.
What is the average export price for extracts, essences and concentrates of tea or mate in Republic of Korea?
+
In 2020, the average extracts of tea export price amounted to $6,730 per tonne, increasing by 38% against the previous year.
What is the average import price for extracts, essences and concentrates of tea or mate in Republic of Korea?
+
The average extracts of tea import price stood at $9,471 per tonne in 2020, surging by 5% against the previous year.

Product coverage:
• Prodcom 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate

This report provides an in-depth analysis of the extracts of 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 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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