Frozen Strawberries Price in South Korea - 2022
Contents:
- Frozen Strawberries Price in South Korea (CIF) - 2022
- Frozen Strawberries Price in South Korea (FOB) - 2022
- Frozen Strawberries Imports in South Korea
- Frozen Strawberries Exports in South Korea
Frozen Strawberries Price in South Korea (CIF) - 2022
The average frozen strawberries import price stood at $1,983 per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. Over the period under review, average import prices reached the peak figure at $2,034 per ton in 2019; afterwards, it flattened through to 2022.
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 the United States ($4,270 per ton), while the price for Egypt ($1,267 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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Strawberries Price in South Korea (FOB) - 2022
The average frozen strawberries export price stood at $3,628 per ton in 2022, declining by -2.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $4,108 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($4,315 per ton), while the average price for exports to Chile ($2,757 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 Chile (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Strawberries Imports in South Korea
Frozen strawberries imports into South Korea surged to 12K tons in 2022, jumping by 36% against the previous year's figure. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen strawberries imports soared to $24M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Strawberries in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 6.5 | 8.0 | 11.4 | 9.9% |
| Peru | 2.4 | 1.6 | 2.8 | 4.0 | 18.6% |
| Chile | 0.8 | 2.2 | 3.0 | 3.6 | 65.1% |
| United States | 5.1 | 3.3 | 3.3 | 2.9 | -17.2% |
| Egypt | N/A | 0.2 | 0.5 | 1.5 | 173.9% |
| Others | 0.3 | 0.3 | 0.5 | 0.7 | 32.6% |
| Total | 17.2 | 14.2 | 18.0 | 24.2 | 12.1% |
Top Suppliers of Frozen Strawberries to South Korea in 2022:
- China (7.0K tons)
- Chile (1.6K tons)
- Peru (1.5K tons)
- Egypt (1.2K tons)
- United States (0.7K tons)
Frozen Strawberries Exports in South Korea
Frozen strawberries exports from South Korea declined markedly to 249 tons in 2022, falling by -15.2% compared with 2021. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 26%.
In value terms, frozen strawberries exports shrank rapidly to $905K in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year.
| Export of Frozen Strawberries in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,059 | 609 | 702 | 435 | -25.7% |
| Singapore | 25.8 | N/A | 360 | 329 | 133.6% |
| Chile | N/A | 43.2 | N/A | 128 | 72.1% |
| Vietnam | 216 | 6.5 | 9.9 | 6.8 | -68.4% |
| China | N/A | 27.1 | N/A | N/A | 0% |
| Others | 329 | 8.0 | 21.1 | 6.6 | -72.8% |
| Total | 1,630 | 694 | 1,094 | 905 | -17.8% |
Top Export Markets for Frozen Strawberries from South Korea in 2022:
- Japan (123.5 tons)
- Singapore (76.3 tons)
- Chile (46.3 tons)
- Vietnam (2.4 tons)
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