![Republic of Korea - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/republic-of-korea-maize-green-market-analysis-forecast-size-trends-and-insights.webp)
Republic of Korea - Maize (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 PricingMaize (Green) Price in South Korea - 2022
Contents:
- Maize (Green) Price in South Korea (CIF) - 2022
- Maize (Green) Price in South Korea (FOB) - 2022
- Maize (Green) Imports in South Korea
- Maize (Green) Exports in South Korea
Maize (Green) Price in South Korea (CIF) - 2022
The average maize (green) import price stood at $1,956 per ton in December 2022, flattening at the previous month. Overall, the import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in March 2022 an increase of 5.8% m-o-m. As a result, import price reached the peak level of $2,404 per ton. From April 2022 to December 2022, the average import prices remained 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 Thailand ($2,786 per ton), while the price for Vietnam ($1,444 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 Vietnam (+10.0%), while the prices for the other major suppliers experienced a decline.
Maize (Green) Price in South Korea (FOB) - 2022
In December 2022, the average maize (green) export price amounted to $4,807 per ton, with a decrease of -23.5% against the previous month. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 31% against the previous month. Over the period under review, the average export prices reached the peak figure at $10,843 per ton in March 2022; however, from April 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Taiwan (Chinese) ($33,800 per ton), while the average price for exports to Malaysia ($1,243 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.
Maize (Green) Imports in South Korea
For the third consecutive year, South Korea recorded decline in overseas purchases of maize (green), which decreased by -12.7% to 9.1K tons in 2022. Over the period under review, imports showed a abrupt decline. The smallest decline of -2.9% was in 2020.
In value terms, maize (green) imports stood at $19M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
Import of Maize (Green) in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.8 | 15.2 | 17.3 | 17.1 | 4.9% |
Thailand | 0.2 | 0.4 | 0.5 | 0.5 | 35.7% |
Vietnam | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
Others | 0.2 | 0.2 | 0.4 | 0.8 | 58.7% |
Total | 15.3 | 16.0 | 18.5 | 18.6 | 6.7% |
Top Suppliers of Maize (Green) to South Korea in 2022:
- China (8.5K tons)
- Thailand (0.2K tons)
- Vietnam (0.2K tons)
Maize (Green) Exports in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas shipments of maize (green), which increased by 14% to 325 tons in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.0% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, maize (green) exports stood at $2.6M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Maize (Green) in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 155 | 244 | 870 | 797 | 72.6% |
Malaysia | 8.7 | 2.4 | 275 | 409 | 260.9% |
Canada | 309 | 316 | 590 | 352 | 4.4% |
Singapore | 194 | 384 | 380 | 286 | 13.8% |
Mongolia | 2.5 | 5.3 | 2.5 | 174 | 311.3% |
United States | 209 | 335 | 87.7 | 86.0 | -25.6% |
Guam | 117 | 162 | 152 | 84.6 | -10.2% |
Russia | 2.7 | 1.7 | 23.3 | 62.0 | 184.2% |
Japan | 421 | 236 | 54.4 | 37.3 | -55.4% |
Others | 159 | 86.6 | 129 | 329 | 27.4% |
Total | 1,577 | 1,772 | 2,563 | 2,617 | 18.4% |
Top Export Markets for Maize (Green) from South Korea in 2022:
- Hong Kong SAR (95.8 tons)
- Malaysia (64.3 tons)
- Singapore (47.0 tons)
- Guam (46.5 tons)
- Russia (23.4 tons)
- Canada (15.4 tons)
- Mongolia (10.2 tons)
- United States (3.0 tons)
- Japan (2.8 tons)
This report provides an in-depth analysis of the maize (green) 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 446 - Green Corn (Maize)
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 maize (green) market in Republic of Korea.
This report provides an in-depth analysis of the pumpkin market in Republic of Korea.
This report provides an in-depth analysis of the artichoke market in Republic of Korea.
This report provides an in-depth analysis of the spinach market in Republic of Korea.
This report provides an in-depth analysis of the olive market in Republic of Korea.
This report provides an in-depth analysis of the mushroom and truffle market in Republic of Korea.
This report provides an in-depth analysis of the eggplant market in Republic of Korea.
This report provides an in-depth analysis of the asparagus market in Republic of Korea.
This report provides an in-depth analysis of the chili and pepper market in Republic of Korea.
This report provides an in-depth analysis of the global maize (green) market.
Global maize consumption amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
In 2015, the country with the largest volume of the maize output was the United States (X thousand tons), accounting for X% of global production.
In 2020, global pumpkin imports reached $1.6B, the highest level over the past decade. The U.S. remains the largest importer of pumpkins, with a 37%-share of the total figure. Last year, Canada, the Netherlands and the UK saw the highest spikes in pumpkin purchases from abroad, while supplies to Japan have moderately reduced. In 2020, the average pumpkin import price rose by +20% compared to the previous year. Ukraine, Algeria and Italy constitute the countries with the highest per capita consumption. China, India and the U.S. feature as the largest consuming markets in 2020.
The U.S. is the world's largest and fasted-growing importer of pumpkins (508K tons in 2018), which accounts for 34% of global imports, while Mexico holds a 86% share in U.S. pumpkin imports.
Global pumpkin consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
In 2015, the countries with the highest levels of pumpkin production were China (X thousand tons), India (X thousand tons), Ukraine (X thousand tons), together accounting for X% of total output.
Explore the top import markets for artichoke, including France, Italy, Belgium, Germany, and Switzerland. Learn about their import values and key statistics. Discover the opportunities for exporters in these lucrative markets.
After two years of growth, the global artichoke market decreased by -8.1% to $2.2B in 2019. Over the period under...
The global artichoke market revenue amounted to $2.5B in 2018, rising by 2.4% against the previous year. This figure...
Global artichoke consumption amounted to X thousand tons in 2015, ascending by +X% against the previous year level.