Cereals; Oats, Seeds Price in South Korea - 2022
Contents:
- Cereals; Oats, Seeds Price in South Korea (CIF) - 2022
- Cereals; Oats, Seeds Price in South Korea (FOB) - 2022
- Cereals; Oats, Seeds Imports in South Korea
- Cereals; Oats, Seeds Exports in South Korea
Cereals; Oats, Seeds Price in South Korea (CIF) - 2022
In 2022, the average cereals; oats, seeds import price amounted to $1,400 per ton, falling by -5% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; oats, seeds import price increased by +11.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure at $1,473 per ton in 2021, and then fell modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($2,240 per ton), while the price for Canada ($432 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Cereals; Oats, Seeds Price in South Korea (FOB) - 2022
In 2022, the average cereals; oats, seeds export price amounted to $2,384 per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 81% against the previous year. As a result, the export price attained the peak level of $5,590 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.0% per year.
Cereals; Oats, Seeds Imports in South Korea
In 2022, the amount of cereals; oats, seedses imported into South Korea dropped to 526 tons, waning by -5.5% compared with 2021 figures. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
In value terms, cereals; oats, seeds imports fell to $736K in 2022. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 26%.
| Import of Cereals; Oats, Seeds in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 742 | 446 | 665 | 586 | -7.6% |
| Canada | 268 | 188 | 105 | 87.9 | -31.0% |
| South Africa | 59.8 | 13.1 | 42.1 | 55.6 | -2.4% |
| Australia | 5.3 | 5.1 | 6.5 | 5.5 | 1.2% |
| Others | N/A | 0.1 | 1.3 | 1.0 | 216.2% |
| Total | 1,075 | 652 | 820 | 736 | -11.9% |
Top Suppliers of Cereals; Oats, Seeds to South Korea in 2022:
- United States (288.6 tons)
- Canada (203.6 tons)
- South Africa (24.8 tons)
- Australia (8.6 tons)
Cereals; Oats, Seeds Exports in South Korea
After three years of growth, overseas shipments of cereals; oats, seedses decreased by -0.2% to 1.9 tons in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 614% against the previous year.
In value terms, cereals; oats, seeds exports reduced slightly to $4.4K in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 775% against the previous year.
| Export of Cereals; Oats, Seeds in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 3.4 | 4.4 | 4.4 | 122.4% |
| Lao People's Democratic Republic | 0.1 | N/A | N/A | N/A | 0% |
| Canada | N/A | 1.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 4.4 | 4.4 | 4.4 | 106.5% |
Top Export Markets for Cereals; Oats, Seeds from South Korea in 2022:
- United States (1.9 tons)
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