Report Update: May 1, 2024

Republic of Korea - Raspberries And Blackberries - Market Analysis, Forecast, Size, Trends and Insights

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Raspberry and Blackberry Price in South Korea - 2022

Raspberry and Blackberry Price in South Korea (FOB) - 2022

The average raspberry and blackberry export price stood at $17,074 per ton in 2022, dropping by -30.5% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 262% against the previous year. As a result, the export price reached the peak level of $24,552 per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guam ($50,000 per ton), while the average price for exports to Mongolia ($9,800 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+58.9%), while the prices for the other major destinations experienced more modest paces of growth.

Raspberry and Blackberry Price in South Korea (CIF) - 2022

The average raspberry and blackberry import price stood at $47,000 per ton in 2022, picking up by 96% against the previous year. Overall, the import price, however, showed a perceptible reduction. Over the period under review, average import prices attained the peak figure at $57,619 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($63,500 per ton), while the price for China totaled $30,500 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Raspberry and Blackberry Exports in South Korea

In 2022, raspberry and blackberry exports from South Korea contracted rapidly to 27 kg, waning by -59.7% compared with the previous year. Overall, exports showed a sharp decline. The smallest decline of -13% was in 2021.

In value terms, raspberry and blackberry exports declined rapidly to $461 in 2022. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 215% against the previous year. As a result, the exports reached the peak of $1.6K, and then shrank dramatically in the following year.

Export of Raspberry and Blackberry in South Korea (USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Hong Kong SAR	75.0	N/A	312	104.0%
Guam	N/A	N/A	100	0%
Mongolia	447	N/A	49.0	-66.9%
Vietnam	N/A	41.0	N/A	0%
Singapore	N/A	1,586	N/A	0%
Others	N/A	18.0	N/A	0%
Total	522	1,645	461	-6.0%

Top Export Markets for Raspberry and Blackberry from South Korea in 2022:

Hong Kong SAR (20.0 kg)
Mongolia (5.0 kg)
Guam (2.0 kg)

Raspberry and Blackberry Imports in South Korea

After two years of growth, overseas purchases of raspberries and blackberries decreased by -20% to 4 kg in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 400% against the previous year. As a result, imports reached the peak of 5 kg, and then shrank dramatically in the following year.

In value terms, raspberry and blackberry imports soared to $188 in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 135%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Raspberry and Blackberry in South Korea (USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
United States	51.0	29.0	127	57.8%
China	N/A	80.0	61.0	-23.8%
Canada	N/A	11.0	N/A	0%
Others	N/A	N/A	N/A	0%
Total	51.0	120	188	92.0%

Top Suppliers of Raspberry and Blackberry to South Korea in 2022:

United States (2.0 kg)
China (2.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the raspberry and blackberry 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 547 - Raspberries

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023