Republic of Korea - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Peas Price in South Korea - 2022
Contents:
- Dry Peas Price in South Korea (CIF) - 2022
- Dry Peas Price in South Korea (FOB) - 2022
- Dry Peas Imports in South Korea
- Dry Peas Exports in South Korea
Dry Peas Price in South Korea (CIF) - 2022
The average dry peas import price stood at $674 per ton in December 2022, which is down by -6.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 34% m-o-m. The import price peaked at $1,049 per ton in August 2022; however, from September 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($788 per ton), while the price for Canada totaled $609 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Peas Price in South Korea (FOB) - 2022
In 2022, the average dry peas export price amounted to $200 per ton, falling by -59.1% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 229% against the previous year. As a result, the export price attained the peak level of $2,210 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.2% per year.
Dry Peas Imports in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of peas (dry), when their volume decreased by -8.6% to 4.5K tons. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year.
In value terms, dry peas imports stood at $3.7M in 2022. The total import value increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Dry Peas in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,608 | 1,733 | 2,141 | 1,710 | 2.1% |
Canada | 295 | 501 | 510 | 1,166 | 58.1% |
China | 417 | 757 | 632 | 671 | 17.2% |
Australia | 22.5 | 36.8 | 98.5 | N/A | 109.2% |
Others | 360 | 259 | 269 | 176 | -21.2% |
Total | 2,702 | 3,286 | 3,651 | 3,724 | 11.3% |
Top Suppliers of Dry Peas to South Korea in 2022:
- United States (2.6K tons)
- Canada (1.8K tons)
- China (0.1K tons)
Dry Peas Exports in South Korea
In 2022, shipments abroad of peas (dry) decreased by -99.8% to 10 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 147% against the previous year. As a result, the exports reached the peak of 4.9 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, dry peas exports fell remarkably to $2 in 2022. Over the period under review, exports showed a sharp decrease. The pace of growth was the most pronounced in 2020 when exports increased by 146%. As a result, the exports attained the peak of $2.5K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Dry Peas in South Korea (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1.0 | 1.0 | 1.0 | 2.0 | 26.0% |
Panama | 45.0 | N/A | N/A | N/A | 0% |
United States | N/A | N/A | 113 | N/A | 0% |
India | 58.0 | 115 | 100 | N/A | 31.3% |
Philippines | 316 | 808 | 912 | N/A | 69.9% |
Italy | 594 | 1,296 | 1,249 | N/A | 45.0% |
Others | 3.0 | 278 | 4.0 | N/A | 15.5% |
Total | 1,017 | 2,498 | 2,379 | 2.0 | -87.5% |
Top Export Markets for Dry Peas from South Korea in 2022:
- Japan (10.0 kg)
This report provides an in-depth analysis of the dry peas 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 187 - Peas, dry
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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Discover the top import markets for dry peas in 2023 and the countries driving the global trade of this nutritious legume.
Global dry peas consumption amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
Global dry peas exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
Global dry peas imports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the country with the largest volume of the dry peas output was Canada (X thousand tons), accounting for X% of global production.
Canada maintained control of the dry pea market. In 2014, Canada exported X thousand tons of dry peas totaling X million USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total dry pea exports
Global pigeon peas consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
In 2015, the country with the largest volume of the pigeon peas output was India (X thousand tons), accounting for X% of global production.
France was one of the leaders in the global pigeon pea trade. In 2014, France exported X thousand tons of pigeon peas totaling X thousand USD, a remarkable X% over the previous year. Its primary trading partner was the Netherlands, where it suppli
The global market for dry beans has seen significant growth over the years, with several countries emerging as key importers. In this article, we will explore the top five import markets for dry beans, providing key statistics and insights into their import values. The data used in this article is sourced from the IndexBox market intelligence platform. India tops the list of the world's best import markets for dry beans. China comes in a close second. The United States holds the third position. Pakistan ranks fourth. Japan is another important importer. These countries rely on imports to meet their domestic demand for dry beans, driven by factors such as population growth, changing dietary preferences, and limited domestic production. The data used in this article was sourced from the IndexBox market intelligence platform, a reliable source for market statistics and insights.