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Republic of Korea - Bakers’ And Active Yeast - Market Analysis, Forecast, Size, Trends And Insights
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View PricingActive Yeast Price in South Korea - 2022
Contents:
- Active Yeast Price in South Korea (CIF) - 2022
- Active Yeast Price in South Korea (FOB) - 2022
- Active Yeast Imports in South Korea
- Active Yeast Exports in South Korea
Active Yeast Price in South Korea (CIF) - 2022
In 2022, the average active yeast import price amounted to $2,366 per ton, declining by -3.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 8.4%. As a result, import price attained the peak level of $2,448 per ton, and then fell slightly 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 France ($4,073 per ton), while the price for Vietnam ($1,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Active Yeast Price in South Korea (FOB) - 2022
The average active yeast export price stood at $13,719 per ton in 2022, jumping by 456% against the previous year. In general, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($71,908 per ton), while the average price for exports to Japan ($1,259 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 Vietnam (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.
Active Yeast Imports in South Korea
In 2022, approx. 9.4K tons of bakers and active yeast were imported into South Korea; standing approx. at the previous year. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9.1%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, active yeast imports contracted to $22M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $23M, and then declined modestly in the following year.
Import of Active Yeast in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 8.8 | 8.6 | 9.9 | 9.0 | 0.8% |
China | 4.9 | 5.1 | 6.2 | 6.0 | 7.0% |
United States | 3.1 | 2.9 | 3.4 | 3.7 | 6.1% |
Vietnam | 0.9 | 0.8 | 1.0 | 1.0 | 3.6% |
Others | 1.7 | 1.8 | 2.2 | 2.5 | 13.7% |
Total | 19.3 | 19.3 | 22.8 | 22.1 | 4.6% |
Top Suppliers of Active Yeast to South Korea in 2022:
- China (3.7K tons)
- United States (2.4K tons)
- France (2.2K tons)
- Vietnam (0.8K tons)
Active Yeast Exports in South Korea
For the third year in a row, South Korea recorded decline in shipments abroad of bakers and active yeast, which decreased by -93.4% to 11 tons in 2022. Over the period under review, exports saw a precipitous decrease. The smallest decline of -11.6% was in 2021.
In value terms, active yeast exports fell rapidly to $150K in 2022. In general, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2020 with an increase of 5.1% against the previous year. As a result, the exports attained the peak of $445K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Active Yeast in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 33.6 | 66.7 | 152 | 58.1 | 20.0% |
United States | 13.8 | 35.4 | 26.2 | 18.7 | 10.7% |
Vietnam | N/A | 2.5 | 2.6 | 13.2 | 129.8% |
Japan | 363 | 279 | 224 | 9.5 | -70.3% |
Taiwan (Chinese) | N/A | 0.1 | 0.7 | 6.5 | 706.2% |
Hong Kong SAR | 0.7 | 23.8 | 0.4 | 1.0 | 12.6% |
Poland | N/A | N/A | N/A | 0.6 | 0% |
Others | 11.8 | 37.0 | 1.8 | 42.0 | 52.7% |
Total | 423 | 445 | 408 | 150 | -29.2% |
Top Export Markets for Active Yeast from South Korea in 2022:
- Japan (7.6 tons)
- China (1.2 tons)
- Vietnam (0.4 tons)
- Taiwan (Chinese) (0.3 tons)
- United States (0.3 tons)
- Poland (0.2 tons)
- Hong Kong SAR (0.2 tons)
This report provides an in-depth analysis of the active yeast 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:
- Prodcom 10891334 - Bakers
- Prodcom 10891339 - Active yeast (excluding bakers
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
- 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 VOLUME AND VALUE
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
- 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
- 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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