![Republic of Korea - Coffee (Green) - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/republic-of-korea-coffee-green-market-analysis-forecast-size-trends-and-insights.webp)
Republic of Korea - Coffee (Green) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGreen Coffee Price in South Korea - 2022
Contents:
- Green Coffee Price in South Korea (CIF) - 2022
- Green Coffee Price in South Korea (FOB) - 2022
- Green Coffee Imports in South Korea
- Green Coffee Exports in South Korea
Green Coffee Price in South Korea (CIF) - 2022
The average green coffee import price stood at $4,616 per ton in December 2022, with a decrease of -3.9% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 9.4% month-to-month. Over the period under review, average import prices hit record highs at $5,472 per ton in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Kenya ($6,742 per ton), while the price for Vietnam ($2,137 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Green Coffee Price in South Korea (FOB) - 2022
The average green coffee export price stood at $6,561 per ton in 2022, rising by 49% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Taiwan (Chinese) ($10,841 per ton), while the average price for exports to Singapore ($2,687 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 Japan (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Green Coffee Imports in South Korea
In 2022, approx. 176K tons of coffee (green) were imported into South Korea; with an increase of 9.1% compared with the year before. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, green coffee imports surged to $877M in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Green Coffee in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 79.7 | 85.0 | 114 | 224 | 41.1% |
Colombia | 91.6 | 101 | 124 | 184 | 26.2% |
Ethiopia | 52.1 | 59.0 | 75.0 | 114 | 29.8% |
Vietnam | 50.2 | 47.0 | 54.6 | 71.6 | 12.6% |
Guatemala | 25.2 | 33.5 | 43.2 | 65.7 | 37.6% |
Peru | 20.5 | 24.0 | 21.5 | 37.9 | 22.7% |
Kenya | 20.6 | 19.6 | 22.1 | 37.6 | 22.2% |
Honduras | 22.8 | 21.9 | 31.7 | 36.1 | 16.6% |
India | 9.4 | 9.0 | 9.6 | 16.7 | 21.1% |
Indonesia | 11.3 | 10.5 | 8.6 | 14.2 | 7.9% |
Uganda | 4.3 | 4.2 | 3.8 | 11.8 | 40.0% |
Others | 38.8 | 39.5 | 34.9 | 63.8 | 18.0% |
Total | 427 | 454 | 543 | 877 | 27.1% |
Top Suppliers of Green Coffee to South Korea in 2022:
- Brazil (46.8K tons)
- Vietnam (31.3K tons)
- Colombia (28.8K tons)
- Ethiopia (18.6K tons)
- Guatemala (10.2K tons)
- Peru (7.7K tons)
- Honduras (6.5K tons)
- India (5.2K tons)
- Kenya (5.0K tons)
- Indonesia (3.3K tons)
- Uganda (2.7K tons)
Green Coffee Exports in South Korea
After three years of growth, overseas shipments of coffee (green) decreased by -25% to 213 tons in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 80%. As a result, the exports attained the peak of 284 tons, and then reduced sharply in the following year.
In value terms, green coffee exports rose remarkably to $1.4M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 82%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Green Coffee in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 15.5 | 108 | 108 | 291 | 165.8% |
Japan | 13.8 | 4.6 | 7.9 | 233 | 156.5% |
Canada | 1.4 | 44.7 | N/A | 142 | 366.4% |
Taiwan (Chinese) | 31.2 | 44.1 | 57.8 | 132 | 61.7% |
United States | 135 | 1.1 | 108 | 93.6 | -11.5% |
Singapore | 11.5 | 93.8 | 20.2 | 92.2 | 100.1% |
South Africa | N/A | N/A | 8.3 | 87.8 | 957.8% |
Malaysia | 63.6 | 105 | 86.2 | 85.7 | 10.5% |
Philippines | 8.2 | 25.4 | 42.7 | 82.8 | 116.1% |
Thailand | 25.7 | N/A | 33.5 | 72.9 | 41.6% |
Cambodia | 104 | 89.5 | 32.8 | 42.9 | -25.6% |
Mongolia | 1.7 | 58.3 | 45.5 | 34.6 | 173.0% |
Kenya | N/A | N/A | 170 | N/A | 0% |
Others | 332 | 112 | 527 | 5.0 | -75.3% |
Total | 745 | 687 | 1,248 | 1,396 | 23.3% |
Top Export Markets for Green Coffee from South Korea in 2022:
- Hong Kong SAR (40.6 tons)
- Singapore (34.3 tons)
- Japan (24.4 tons)
- Canada (21.4 tons)
- South Africa (20.5 tons)
- United States (15.5 tons)
- Malaysia (13.1 tons)
- Taiwan (Chinese) (12.2 tons)
- Philippines (10.3 tons)
- Thailand (7.7 tons)
- Cambodia (6.3 tons)
- Mongolia (5.0 tons)
This report provides an in-depth analysis of the green coffee 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 656 - Coffee green
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the green coffee market in Republic of Korea.
This report provides an in-depth analysis of the market for decaffeinated or roasted coffee in Republic of Korea.
This report provides an in-depth analysis of the coffee extract market in Republic of Korea.
This report provides an in-depth analysis of the coffee substitutes market in Republic of Korea.
This report provides an in-depth analysis of the unroasted decaffeinated coffee market in Republic of Korea.
This report provides an in-depth analysis of the non-decaffeinated roasted coffee market in Republic of Korea.
This report provides an in-depth analysis of the roasted decaffeinated coffee market in Republic of Korea.
This report provides an in-depth analysis of the roasted coffee market in Republic of Korea.
This report provides an in-depth analysis of the decaffeinated coffee market in Republic of Korea.
This report provides an in-depth analysis of the global green coffee market.
Explore the top import markets for green coffee beans and their key statistics. The United States, Germany, Italy, Japan, and Switzerland lead the way in satisfying the global demand for quality green coffee. Discover the trends and market insights on IndexBox market intelligence platform.
Coffee prices remain highly volatile. In 2022, the average annual price for Arabica is forecast to decline thanks to expected production growth, while Robusta price will go up on skyrocketed demand from consumers, preferring cheaper alternatives to more expensive counterparts.
Global prices for coffee have skyrocketed to a seven-year high, driven by fears of a significant reduction in production in Brazil due to freezes and the depletion of global stocks. Further growth in prices for the product will be stimulated by the reduction in production in other leading supplying countries such as Honduras and Indonesia, coupled with increased freight costs. A decrease in coffee production will lead to a fall in global exports by -4% y-o-y, which could lead to local imbalances in supply and demand and drive up consumer prices in key European and American markets.
Coffee yield figures remained robust in 2020 and coffee bean exports increased, despite the disruption to supply chains caused by the Coronavirus restrictions. Home coffee consumption surged, thereby helping to offset the slump in sales following the closure of the HoReCa segment. Average coffee prices remained growing gradually through to Q1 2021.
Global green coffee consumption amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global green coffee exports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
Global green coffee imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
In 2015, the countries with the highest levels of green coffee production were Brazil (X thousand tons), Vietnam (X thousand tons), Colombia (X thousand tons), together accounting for X% of total output.
Brazil continued its dominance in the global green coffee trade. In 2014, Brazil exported X thousand tons of green coffee totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it
Explore the top import markets for decaffeinated or roasted coffee, including key statistics and insights. Discover the valuable data and analysis provided by the IndexBox Market Intelligence Platform.