Republic of Korea - Plums And Sloes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlum and Sloe Price in South Korea - 2022
Contents:
- Plum and Sloe Price in South Korea (FOB) - 2022
- Plum and Sloe Price in South Korea (CIF) - 2022
- Plum and Sloe Exports in South Korea
- Plum and Sloe Imports in South Korea
Plum and Sloe Price in South Korea (FOB) - 2022
In 2022, the average plum and sloe export price amounted to $6,900 per ton, growing by 35% against the previous year. Overall, the export price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 112% against the previous year. The export price peaked at $9,046 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($8,304 per ton), while the average price for exports to Hong Kong SAR ($3,400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guam (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Plum and Sloe Price in South Korea (CIF) - 2022
The average plum and sloe import price stood at $17,125 per ton in 2022, falling by -32.8% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 300%. Over the period under review, average import prices attained the peak figure at $68,000 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 the United States ($28,000 per ton), while the price for Japan ($2,000 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+350.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Plum and Sloe Exports in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of plums and sloes, when their volume decreased by -51.2% to 870 kg. Over the period under review, exports, however, saw moderate growth. The pace of growth appeared the most rapid in 2020 when exports increased by 75% against the previous year.
In value terms, plum and sloe exports dropped markedly to $6K in 2022. Overall, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. As a result, the exports reached the peak of $10K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Plum and Sloe in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mongolia | 1.2 | 0.6 | 1.4 | 2.2 | 22.4% |
| Australia | N/A | N/A | N/A | 2.0 | 0% |
| Singapore | 1.7 | 1.6 | 4.4 | 1.0 | -16.2% |
| Malaysia | 1.3 | N/A | N/A | 0.3 | -38.7% |
| Guam | 0.4 | 1.5 | N/A | 0.2 | -20.6% |
| United Arab Emirates | 0.6 | 0.4 | N/A | 0.1 | -45.0% |
| Spain | N/A | N/A | N/A | N/A | 0% |
| Japan | N/A | 0.9 | 0.1 | N/A | -88.9% |
| Vietnam | 0.1 | 1.5 | 1.1 | N/A | 231.7% |
| Philippines | N/A | N/A | 1.8 | N/A | 0% |
| Others | N/A | 3.6 | 0.3 | 0.1 | -83.3% |
| Total | 5.3 | 10.0 | 9.1 | 6.0 | 4.2% |
Top Export Markets for Plum and Sloe from South Korea in 2022:
- Australia (412.0 kg)
- Mongolia (270.0 kg)
- Singapore (227.0 kg)
- Malaysia (50.0 kg)
- Guam (30.0 kg)
- United Arab Emirates (15.0 kg)
- Vietnam (11.0 kg)
Plum and Sloe Imports in South Korea
In 2022, after three years of growth, there was decline in overseas purchases of plums and sloes, when their volume decreased by 0% to 8 kg. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 700%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, plum and sloe imports reduced markedly to $137 in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 629% against the previous year. As a result, imports attained the peak of $204, and then fell dramatically in the following year.
| Import of Plum and Sloe in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 1.0 | 139 | 112 | 958.3% |
| China | 20.0 | N/A | 31.0 | 14.0 | -11.2% |
| Myanmar | N/A | N/A | N/A | 9.0 | 0% |
| Japan | N/A | N/A | 26.0 | 2.0 | -92.3% |
| Uzbekistan | 6.0 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 28.0 | N/A | N/A | 0% |
| Czech Republic | N/A | N/A | 8.0 | N/A | 0% |
| Australia | 3.0 | 1.0 | N/A | N/A | -66.7% |
| Others | N/A | -2.0 | N/A | N/A | 0% |
| Total | 29.0 | 28.0 | 204 | 137 | 67.8% |
Top Suppliers of Plum and Sloe to South Korea in 2022:
- United States (4.0 kg)
- Japan (1.0 kg)
- China (1.0 kg)
- Myanmar (1.0 kg)
This report provides an in-depth analysis of the plum and sloe 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:
- FCL 536 - Plums
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
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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
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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
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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
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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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, HARVESTED AREA AND YIELD
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
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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
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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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
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In 2019, the global plum and sloe market was finally on the rise to reach $14B for the first time since 2014, thus...
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The global plum and sloe market revenue amounted to $15.7B in 2018, going up by 12% against the previous year. This...
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Global plum and sloe consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global plum and sloe exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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Global plum and sloe imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
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