Cereals; Rye, Seed Price in South Korea - 2022
Contents:
Cereals; Rye, Seed Price in South Korea (CIF) - 2022
The average cereals; rye, seed import price stood at $1,630 per ton in October 2022, reducing by -6.7% against the previous month. Overall, the import price, however, saw a mild expansion. Over the period under review, average import prices reached the maximum at $125K per ton in February 2022; however, from March 2022 to October 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From October 2021 to October 2022, the rate of growth in terms of prices for the United States amounted to +1.0% per month.
Cereals; Rye, Seed Imports in South Korea
In 2022, approx. 4.2K tons of cereals; rye, seeds were imported into South Korea; increasing by 24% against the previous year's figure. The total import volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; rye, seed imports shrank modestly to $4.7M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 4.8%. As a result, imports reached the peak of $4.8M, and then fell slightly in the following year.
| Import of Cereals; Rye, Seed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 4.1 | 4.2 | 4.1 | 0.0% |
| South Africa | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
| Canada | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.4 | 4.6 | 4.8 | 4.7 | 2.2% |
Top Suppliers of Cereals; Rye, Seed to South Korea in 2022:
- United States (3.5K tons)
- South Africa (0.4K tons)
- Canada (0.3K tons)
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Discover the top import markets for rye and gain insights into their import values. Germany, the United States, Spain, Tanzania, and the Netherlands lead the way in rye imports.
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In 2020, the global rye imports rose by 54% y-o-y, owing primarily to the increased supplies to Germany. Over the last year, this country ramped up its imports nearly twofold, from 484 tons to 902 tons, and remains the major rye importer worldwide. Near 87% of imported rye came to Germany from Poland, the leading global exporter.
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Global rye consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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In 2015, the countries with the highest levels of rye production were Germany (X thousand tons), Russia (X thousand tons), Poland (X thousand tons), together accounting for X% of total output.
