Report Update Apr 1, 2024

Republic of Korea - Blueberries and Cranberries - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Blueberry And Cranberry Market 2024

Blueberry And Cranberry Market Size in Republic of Korea

After four years of growth, the South Korean blueberry and cranberry market decreased by X% to $X in 2022. Overall, consumption, however, recorded significant growth. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped modestly in the following year.

Blueberry And Cranberry Exports

Exports from Republic of Korea

After five years of growth, shipments abroad of blueberries and cranberries decreased by X% to X tons in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, blueberry and cranberry exports fell dramatically to $X in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for blueberry and cranberry exports from South Korea, with a X% share of total exports. Moreover, blueberry and cranberry exports to Hong Kong SAR exceeded the volume sent to the second major destination, Kuwait (X tons), twofold. Vietnam (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Vietnam (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for blueberries and cranberries exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average blueberry and cranberry export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($X 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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Blueberry And Cranberry Imports

Imports into Republic of Korea

In 2022, after ten years of growth, there was decline in supplies from abroad of blueberries and cranberries, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell modestly in the following year.

In value terms, blueberry and cranberry imports declined slightly to $X in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of blueberry and cranberry to South Korea, with a X% share of total imports. Moreover, blueberry and cranberry imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile totaled X%.

In value terms, Chile ($X) constituted the largest supplier of blueberries and cranberries to South Korea, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Chile stood at X%.

Import Prices by Country

The average blueberry and cranberry import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for blueberries and cranberries in the world?

The United States constituted the country with the largest volume of blueberry and cranberry consumption, comprising approx. 54% of total volume. Moreover, blueberry and cranberry consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, threefold. Germany ranked third in terms of total consumption with a 4.6% share.

What are the largest producers of blueberries and cranberries in the world?

The United States constituted the country with the largest volume of blueberry and cranberry production, accounting for 38% of total volume. Moreover, blueberry and cranberry production in the United States exceeded the figures recorded by the second-largest producer, Canada, twofold. Peru ranked third in terms of total production with a 17% share.

What are the leading suppliers of blueberries and cranberries to Republic of Korea?

In value terms, Chile constituted the largest supplier of blueberries and cranberries to South Korea, comprising 83% of total imports. The second position in the ranking was taken by the United States, with a 16% share of total imports.

What are the leading importers of blueberries and cranberries from Republic of Korea?

In value terms, Hong Kong SAR remains the key foreign market for blueberries and cranberries exports from South Korea, comprising 80% of total exports. The second position in the ranking was taken by Kuwait, with a 13% share of total exports. It was followed by Vietnam, with a 3.7% share.

What is the average export price for blueberries and cranberries in Republic of Korea?

In 2022, the average blueberry and cranberry export price amounted to $17,676 per ton, with an increase of 13% against the previous year.

What is the average import price for blueberries and cranberries in Republic of Korea?

In 2022, the average blueberry and cranberry import price amounted to $9,993 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the blueberry and cranberry 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 552 - Blueberries
FCL 554 - Cranberries

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