Republic of Korea - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingExtracts of Tea Price in South Korea - 2022
Contents:
- Extracts of Tea Price in South Korea (CIF) - 2022
- Extracts of Tea Price in South Korea (FOB) - 2022
- Extracts of Tea Imports in South Korea
- Extracts of Tea Exports in South Korea
Extracts of Tea Price in South Korea (CIF) - 2022
The average extracts of tea import price stood at $19,865 per ton in December 2022, with a decrease of -18.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 32% m-o-m. The import price peaked at $24,529 per ton in January 2022; however, from February 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Spain ($52,107 per ton), while the price for the Netherlands ($4,601 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in South Korea (FOB) - 2022
In December 2022, the average extracts of tea export price amounted to $10,743 per ton, falling by -14.3% against the previous month. Over the period under review, the export price, however, showed a modest expansion. The pace of growth appeared the most rapid in June 2022 an increase of 167% month-to-month. As a result, the export price attained the peak level of $15,666 per ton. From July 2022 to December 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Singapore ($44,962 per ton), while the average price for exports to Malaysia ($1,492 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Extracts of Tea Imports in South Korea
In 2022, the amount of extracts, essences and concentrates of tea or mate imported into South Korea amounted to 1.8K tons, remaining relatively unchanged against 2021 figures. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, extracts of tea imports contracted modestly to $32M in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $32M, leveling off in the following year.
Import of Extracts of Tea in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 10.4 | 11.2 | 13.6 | 11.3 | 2.8% |
China | 3.3 | 3.9 | 5.3 | 5.1 | 15.6% |
India | 1.2 | 1.7 | 2.8 | 3.1 | 37.2% |
Spain | 1.1 | 0.5 | 2.3 | 2.9 | 38.1% |
Japan | 2.2 | 2.0 | 2.3 | 2.4 | 2.9% |
Germany | 1.1 | 0.9 | 0.6 | 1.0 | -3.1% |
Vietnam | N/A | 0.2 | 0.3 | 0.9 | 112.1% |
Thailand | N/A | N/A | 0.4 | 0.7 | 75.0% |
Taiwan (Chinese) | 0.8 | 0.7 | 0.6 | 0.6 | -9.1% |
Chile | 0.5 | 0.5 | 0.5 | 0.6 | 6.3% |
Netherlands | N/A | N/A | N/A | 0.3 | 0% |
Indonesia | N/A | N/A | N/A | 0.1 | 0% |
Others | 2.6 | 3.0 | 3.5 | 3.4 | 9.4% |
Total | 23.3 | 24.7 | 32.4 | 32.3 | 11.5% |
Top Suppliers of Extracts of Tea to South Korea in 2022:
- United States (585.8 tons)
- China (291.4 tons)
- Japan (180.6 tons)
- India (126.1 tons)
- Thailand (78.6 tons)
- Chile (68.0 tons)
- Vietnam (63.2 tons)
- Netherlands (61.5 tons)
- Taiwan (Chinese) (60.7 tons)
- Germany (57.7 tons)
- Spain (41.6 tons)
- Indonesia (37.3 tons)
Extracts of Tea Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of extracts, essences and concentrates of tea or mate, when their volume decreased by -8.5% to 2.7K tons. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57%. As a result, the exports reached the peak of 3K tons, and then shrank in the following year.
In value terms, extracts of tea exports reached $15M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Extracts of Tea in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.1 | 1.6 | 2.3 | 3.8 | 51.2% |
Singapore | 0.8 | 1.5 | 2.0 | 2.1 | 37.9% |
Taiwan (Chinese) | 0.6 | 0.5 | 0.7 | 1.6 | 38.7% |
Japan | 2.1 | 1.5 | 3.4 | 1.6 | -8.7% |
Vietnam | 0.3 | 0.9 | 1.0 | 1.2 | 58.7% |
China | 1.7 | 2.6 | 2.0 | 1.1 | -13.5% |
Australia | 0.1 | 0.6 | 0.8 | 0.6 | 81.7% |
Philippines | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
Hong Kong SAR | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
Others | 1.2 | 1.6 | 2.2 | 2.5 | 27.7% |
Total | 8.0 | 11.2 | 15.1 | 15.3 | 24.1% |
Top Export Markets for Extracts of Tea from South Korea in 2022:
- United States (645.7 tons)
- Japan (548.5 tons)
- China (332.8 tons)
- Singapore (268.5 tons)
- Vietnam (225.5 tons)
- Taiwan (Chinese) (189.0 tons)
- Australia (95.8 tons)
- Philippines (86.2 tons)
- Hong Kong SAR (83.8 tons)
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 2030.
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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the extracts of tea market in Republic of Korea.
This report provides an in-depth analysis of the roasted coffee substitutes market in Republic of Korea.
This report provides an in-depth analysis of the market for extracts, essences and concentrates of coffee in Republic of Korea.
This report provides an in-depth analysis of the market for salted, dried, or smoked pig meat other than hams or bellies in Republic of Korea.
This report provides an in-depth analysis of the market for salted, dried, or smoked hams, shoulders and cuts of swine in Republic of Korea.
This report provides an in-depth analysis of the market for salted, dried, or smoked swine bellies in Republic of Korea.
This report provides an in-depth analysis of the flat-rolled steel products market in Republic of Korea.
This report provides an in-depth analysis of the bacon and ham market in Republic of Korea.
This report provides an in-depth analysis of the coffee extract market in Republic of Korea.
This report provides an in-depth analysis of the global extracts of tea market.
In value terms, semi-finished products of iron and non-alloy steel imports totaled $X in 2016. In general, semi-finished products of iron and non-alloy steel imports continue to indicate a pronounce...
In value terms, flat-rolled products of iron and non-alloy steel imports totaled $X in 2016. In general, flat-rolled products of iron and non-alloy steel imports continue to indicate a mild setback....
In value terms, alloy steel in ingots and other primary forms imports stood at $X in 2016. Overall, alloy steel in ingots and other primary forms imports continue to indicate a significant downturn...
In value terms, alloy steel flat-rolled products imports amounted to $X in 2016. In general, alloy steel flat-rolled products imports continue to indicate a pronounced downturn. Over the period und...
In value terms, steel, alloy, hot-rolled bars and rods imports stood at $X in 2016. Overall, steel, alloy, hot-rolled bars and rods imports continue to indicate a remarkable expansion. Over the per...
In value terms, alloy steel bars, rods, shapes and sections imports totaled $X in 2016. Overall, it indicated a slight expansion from 2007 to 2016: the total imports value increased at an average an...
In value terms, semi-finished products of iron and non-alloy steel exports amounted to $X in 2016. In general, semi-finished products of iron and non-alloy steel exports continue to indicate a drast...
In value terms, flat-rolled products of iron and non-alloy steel exports stood at $X in 2016. Overall, flat-rolled products of iron and non-alloy steel exports continue to indicate a relatively flat...
In value terms, alloy steel in ingots and other primary forms exports totaled $X in 2016. In general, alloy steel in ingots and other primary forms exports continue to indicate a mild contraction. ...
In value terms, alloy steel flat-rolled products exports stood at $X in 2016. In general, alloy steel flat-rolled products exports continue to indicate a significant slump. Global alloy steel flat-...