Republic of Korea - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAsparagus Price in South Korea - 2022
Contents:
- Asparagus Price in South Korea (CIF) - 2022
- Asparagus Price in South Korea (FOB) - 2022
- Asparagus Imports in South Korea
- Asparagus Exports in South Korea
Asparagus Price in South Korea (CIF) - 2022
The average asparagus import price stood at $9,202 per ton in December 2022, rising by 12% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 18% m-o-m. The import price peaked in December 2022.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were Thailand ($10,454 per ton) and Peru ($9,311 per ton), while the price for Mexico ($7,884 per ton) and Australia ($8,849 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Asparagus Price in South Korea (FOB) - 2022
In 2022, the average asparagus export price amounted to $6,572 per ton, waning by -7% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 75%. Over the period under review, the average export prices attained the maximum at $13,178 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Hong Kong SAR ($14,814 per ton), while the average price for exports to Japan ($6,273 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 Hong Kong SAR (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.
Asparagus Imports in South Korea
In 2022, approx. 983 tons of asparagus were imported into South Korea; which is down by -10.5% on the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of 1.1K tons, and then shrank in the following year.
In value terms, asparagus imports shrank to $7.9M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports reached the peak of $8.6M, and then dropped in the following year.
Import of Asparagus in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Peru | 1.8 | 1.8 | 2.3 | 2.6 | 13.0% |
Mexico | 1.7 | 1.6 | 2.3 | 1.9 | 3.8% |
Thailand | 1.7 | 2.3 | 2.4 | 1.8 | 1.9% |
Australia | 1.4 | 1.3 | 1.5 | 1.4 | 0.0% |
Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
Total | 6.7 | 7.2 | 8.6 | 7.9 | 5.6% |
Top Suppliers of Asparagus to South Korea in 2022:
- Mexico (303.0 tons)
- Peru (298.0 tons)
- Australia (195.8 tons)
- Thailand (173.0 tons)
Asparagus Exports in South Korea
In 2022, approx. 19 tons of asparagus were exported from South Korea; increasing by 9.8% against the year before. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 76%.
In value terms, asparagus exports amounted to $123K in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year.
Export of Asparagus in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 184 | 50.3 | 107 | 113 | -15.0% |
Hong Kong SAR | N/A | N/A | 2.9 | 7.4 | 155.2% |
Singapore | 0.6 | 22.2 | 9.8 | 1.9 | 46.8% |
Others | 1.2 | N/A | 0.4 | 0.7 | -16.4% |
Total | 186 | 72.5 | 120 | 123 | -12.9% |
Top Export Markets for Asparagus from South Korea in 2022:
- Japan (18.0 tons)
- Hong Kong SAR (0.5 tons)
- Singapore (0.2 tons)
This report provides an in-depth analysis of the asparagus 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 367 - Asparagus
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.
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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
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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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This report provides an in-depth analysis of the global asparagus market.
Discover the top import markets for asparagus around the globe based on key statistics and data from the IndexBox platform.
Global asparagus consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
Global asparagus exports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
Global asparagus imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
Global asparagus exports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
Global asparagus consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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