Price for Cereals; Barley, Other than Seed in South Korea - 2022
Contents:
- Price for Cereals; Barley, Other than Seed in South Korea (CIF) - 2022
- Price for Cereals; Barley, Other than Seed in South Korea (FOB) - 2022
- Imports of Cereals; Barley, Other than Seed in South Korea
- Exports of Cereals; Barley, Other than Seed in South Korea
Price for Cereals; Barley, Other than Seed in South Korea (CIF) - 2022
In 2022, the average import price for cereals; barley, other than seeds amounted to $435 per ton, jumping by 81% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 India ($1,300 per ton), while the price for Ukraine ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.8%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Barley, Other than Seed in South Korea (FOB) - 2022
In 2022, the average export price for cereals; barley, other than seeds amounted to $2,946 per ton, shrinking by -46.6% against the previous year. In general, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2020 an increase of 81% against the previous year. The export price peaked at $5,517 per ton in 2021, and then reduced dramatically in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($4,548 per ton), while the average price for exports to France ($222 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 the United States (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Barley, Other than Seed in South Korea
In 2022, approx. 126K tons of cereals; barley, other than seeds were imported into South Korea; shrinking by -1.8% compared with the previous year. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 4.8%.
In value terms, cereals; barley, other than seed imports surged to $55M in 2022. In general, imports, however, posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Barley, Other than Seed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 15.6 | 14.0 | 14.2 | 26.1 | 18.7% |
| United States | 1.8 | 0.8 | 1.0 | 1.1 | -15.1% |
| Ukraine | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Others | 21.5 | 15.1 | 15.5 | 27.6 | 8.7% |
| Total | 39.2 | 30.1 | 31.0 | 55.0 | 12.0% |
Top Suppliers of Cereals; Barley, Other than Seed to South Korea in 2022:
- Australia (87.2K tons)
- United States (3.2K tons)
- Ukraine (0.6K tons)
Exports of Cereals; Barley, Other than Seed in South Korea
After two years of decline, overseas shipments of cereals; barley, other than seeds increased by 115% to 185 tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; barley, other than seed exports expanded significantly to $544K in 2022. The total export value increased at an average annual rate of +12.2% 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 exports increased by 36%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Cereals; Barley, Other than Seed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.4 | 52.2 | 52.0 | 145 | 115.9% |
| Australia | 91.0 | 106 | 122 | 65.5 | -10.4% |
| China | 29.7 | 46.9 | 4.7 | 25.3 | -5.2% |
| Canada | 2.6 | 4.9 | 1.7 | 11.0 | 61.7% |
| New Zealand | 1.2 | 8.7 | 7.7 | 5.9 | 70.0% |
| Vietnam | 8.9 | 16.2 | 12.1 | 4.8 | -18.6% |
| Spain | 2.0 | 2.3 | 2.8 | 2.9 | 13.2% |
| Germany | 4.3 | 5.1 | 6.2 | 2.1 | -21.3% |
| Others | 231 | 283 | 265 | 282 | 6.9% |
| Total | 386 | 525 | 475 | 544 | 12.1% |
Top Export Markets for Cereals; Barley, Other than Seed from South Korea in 2022:
- United States (37.9 tons)
- Australia (28.6 tons)
- Spain (9.8 tons)
- China (8.4 tons)
- Germany (3.3 tons)
- New Zealand (3.0 tons)
- Canada (2.9 tons)
- Vietnam (2.7 tons)
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