Mandarins Price in South Korea - 2022
Contents:
- Mandarins Price in South Korea (FOB) - 2022
- Mandarins Price in South Korea (CIF) - 2022
- Mandarins Exports in South Korea
- Mandarins Imports in South Korea
Mandarins Price in South Korea (FOB) - 2022
In 2022, the average mandarins export price amounted to $1,079 per ton, picking up by 1.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14%. As a result, the export price reached the peak level of $1,455 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($2,780 per ton), while the average price for exports to Russia ($818 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 Singapore (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Mandarins Price in South Korea (CIF) - 2022
In 2022, the average mandarins import price amounted to $2,675 per ton, which is down by -5.2% against the previous year. Over the last four-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $2,972 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Israel.
From 2018 to 2022, the rate of growth in terms of prices for Israel amounted to -3.4% per year.
Mandarins Exports in South Korea
After three years of growth, shipments abroad of fruit, edible decreased by -5.9% to 6.6K tons in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 154%.
In value terms, mandarins exports dropped modestly to $7.1M in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 95%.
| Export of Mandarins in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 552 | 3,325 | 3,939 | 4,039 | 94.1% |
| Singapore | 607 | 603 | 681 | 698 | 4.8% |
| United States | 823 | 994 | 362 | 661 | -7.0% |
| Hong Kong SAR | 379 | 701 | 582 | 597 | 16.4% |
| Canada | 480 | 585 | 465 | 476 | -0.3% |
| Malaysia | 129 | 101 | 251 | 257 | 25.8% |
| Mongolia | 267 | 231 | 84.7 | 176 | -13.0% |
| Others | 242 | 259 | 1,112 | 233 | -1.3% |
| Total | 3,479 | 6,798 | 7,475 | 7,137 | 27.1% |
Top Export Markets for Mandarins from South Korea in 2022:
- Russia (4935.7 tons)
- Canada (462.0 tons)
- United States (300.9 tons)
- Hong Kong SAR (287.0 tons)
- Singapore (251.0 tons)
- Malaysia (169.0 tons)
- Mongolia (116.4 tons)
Mandarins Imports in South Korea
In 2022, after three years of growth, there was significant decline in supplies from abroad of fruit, edible, when their volume decreased by -15.1% to 618 tons. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 237% against the previous year.
In value terms, mandarins imports contracted sharply to $1.7M in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 177% against the previous year.
| Import of Mandarins in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 0.5 | 1.2 | 2.0 | 1.6 | 47.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 1.3 | 2.1 | 1.7 | 50.4% |
Top Suppliers of Mandarins to South Korea in 2022:
- Israel (615.7 tons)
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