Price for Vegetable Products Not Elsewhere Specified or Included in South Korea - 2022
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in South Korea (CIF) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in South Korea (FOB) - 2022
- Imports of Vegetable Products Not Elsewhere Specified or Included in South Korea
- Exports of Vegetable Products Not Elsewhere Specified or Included in South Korea
Price for Vegetable Products Not Elsewhere Specified or Included in South Korea (CIF) - 2022
The average import price for vegetable products not elsewhere specified or includeds stood at $220 per ton in 2022, waning by -11.2% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable products not elsewhere specified or includeds increased by +60.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 80%. As a result, import price reached the peak level of $248 per ton, and then reduced 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 Sri Lanka ($577 per ton), while the price for the United States ($126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in South Korea (FOB) - 2022
The average export price for vegetable products not elsewhere specified or includeds stood at $3,157 per ton in 2022, declining by -34.4% against the previous year. In general, the export price, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 76%. The export price peaked at $4,809 per ton in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($18,611 per ton), while the average price for exports to Vietnam ($453 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 India (+94.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Products Not Elsewhere Specified or Included in South Korea
In 2022, the amount of vegetable products not elsewhere specified or includeds imported into South Korea surged to 512K tons, rising by 54% on the year before. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds surged to $110M in 2022. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Vegetable Products Not Elsewhere Specified or Included in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 46.7 | 17.0 | 18.8 | 49.9 | 2.2% |
| India | 24.3 | 14.5 | 39.8 | 27.8 | 4.6% |
| Sri Lanka | 9.3 | 5.7 | 11.9 | 10.6 | 4.5% |
| United States | 3.4 | 2.5 | 7.0 | 10.5 | 45.6% |
| Vietnam | 4.1 | 2.4 | 5.7 | 6.7 | 17.8% |
| Others | 4.0 | 2.2 | 4.1 | 4.1 | 0.8% |
| Total | 91.8 | 44.2 | 87.2 | 110 | 6.2% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to South Korea in 2022:
- Indonesia (305.3K tons)
- United States (83.7K tons)
- India (68.6K tons)
- Vietnam (30.4K tons)
- Sri Lanka (18.4K tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in South Korea
After three years of growth, overseas shipments of vegetable products not elsewhere specified or includeds decreased by -41.5% to 105 tons in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 140%. As a result, the exports attained the peak of 179 tons, and then dropped remarkably in the following year.
In value terms, exports of vegetable products not elsewhere specified or includeds soared to $670K in 2022. In general, exports, however, recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vegetable Products Not Elsewhere Specified or Included in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 79.5 | 99.5 | 122 | 265 | 49.4% |
| Taiwan (Chinese) | 7.4 | 4.0 | 113 | 246 | 221.5% |
| India | N/A | 1.5 | N/A | 46.6 | 457.4% |
| Netherlands | 8.9 | 22.0 | 26.9 | 42.0 | 67.7% |
| Japan | 0.7 | 17.6 | 1.5 | 26.5 | 235.8% |
| Chile | 3.1 | 4.6 | 2.3 | 13.0 | 61.3% |
| Canada | 2.3 | 1.9 | 10.5 | 9.1 | 58.2% |
| France | 62.3 | 86.4 | 25.5 | 8.0 | -49.5% |
| Vietnam | 0.7 | 2.7 | 60.6 | 2.4 | 50.8% |
| Others | 29.4 | 49.9 | 39.9 | 11.8 | -26.2% |
| Total | 194 | 290 | 402 | 670 | 51.2% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from South Korea in 2022:
- United States (29.0 tons)
- Netherlands (23.2 tons)
- Taiwan (Chinese) (13.2 tons)
- Chile (9.6 tons)
- Canada (7.3 tons)
- Vietnam (5.3 tons)
- Japan (2.9 tons)
- India (2.7 tons)
- France (0.8 tons)
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