Republic of Korea - Coffee (Decaffeinated And Roasted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Decaffeinated or Roasted Coffee in South Korea - 2022
Contents:
- Price for Decaffeinated or Roasted Coffee in South Korea (CIF) - 2022
- Price for Decaffeinated or Roasted Coffee in South Korea (FOB) - 2022
- Imports of Decaffeinated or Roasted Coffee in South Korea
- Exports of Decaffeinated or Roasted Coffee in South Korea
Price for Decaffeinated or Roasted Coffee in South Korea (CIF) - 2022
The average decaffeinated or roasted coffee import price stood at $16,231 per ton in 2022, increasing by 1.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 10% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Switzerland ($44,086 per ton), while the price for Spain ($6,774 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Decaffeinated or Roasted Coffee in South Korea (FOB) - 2022
The average decaffeinated or roasted coffee export price stood at $6,419 per ton in 2022, increasing by 12% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $16,826 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 the United States ($21,082 per ton), while the average price for exports to Hong Kong SAR ($2,824 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 (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Decaffeinated or Roasted Coffee in South Korea
For the fourth year in a row, South Korea recorded growth in purchases abroad of coffee (decaffeinated or roasted), which increased by 13% to 26K tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 +51.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, decaffeinated or roasted coffee imports amounted to $427M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.0% 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 +81.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Decaffeinated or Roasted Coffee in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 96.5 | 99.3 | 112 | 159 | 18.1% |
Switzerland | 62.0 | 91.2 | 130 | 125 | 26.3% |
Italy | 29.0 | 37.7 | 58.3 | 47.2 | 17.6% |
Canada | 1.1 | 0.8 | 8.7 | 12.5 | 124.8% |
United Kingdom | 8.1 | 9.3 | 13.5 | 12.0 | 14.0% |
Colombia | 0.4 | 1.2 | 4.1 | 11.2 | 203.7% |
Malaysia | 5.5 | 5.7 | 6.2 | 10.6 | 24.4% |
Vietnam | 2.8 | 6.6 | 7.0 | 8.1 | 42.5% |
Germany | 9.9 | 5.5 | 4.8 | 6.0 | -15.4% |
Brazil | 0.9 | 1.4 | 1.8 | 4.1 | 65.8% |
Spain | 3.4 | 4.2 | 3.6 | 3.8 | 3.8% |
Japan | 8.1 | 3.2 | 2.3 | 2.3 | -34.3% |
Guatemala | 2.1 | 4.1 | 1.1 | 1.8 | -5.0% |
Others | 5.2 | 13.4 | 19.4 | 23.7 | 65.8% |
Total | 235 | 284 | 373 | 427 | 22.0% |
Top Suppliers of Decaffeinated or Roasted Coffee to South Korea in 2022:
- United States (12.0K tons)
- Switzerland (2.8K tons)
- Italy (2.4K tons)
- Canada (1.5K tons)
- Colombia (1.4K tons)
- Vietnam (1.1K tons)
- Malaysia (1.0K tons)
- Brazil (0.6K tons)
- United Kingdom (0.6K tons)
- Spain (0.6K tons)
- Germany (0.5K tons)
- Guatemala (0.2K tons)
- Japan (0.2K tons)
Exports of Decaffeinated or Roasted Coffee in South Korea
In 2022, decaffeinated or roasted coffee exports from South Korea rose sharply to 666 tons, increasing by 9.7% on the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 89%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, decaffeinated or roasted coffee exports soared to $4.3M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +60.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Decaffeinated or Roasted Coffee in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 505 | 616 | 876 | 1,178 | 32.6% |
United States | 85.3 | 140 | 197 | 673 | 99.1% |
Mongolia | 283 | 276 | 561 | 527 | 23.0% |
Malaysia | 283 | 269 | 292 | 475 | 18.8% |
Singapore | 235 | 86.5 | 206 | 313 | 10.0% |
China | 487 | 417 | 387 | 307 | -14.3% |
Taiwan (Chinese) | 454 | 378 | 59.3 | 189 | -25.3% |
Russia | 127 | 0.1 | 7.7 | 44.8 | -29.3% |
Saudi Arabia | 202 | 162 | 338 | 0.1 | -92.1% |
Others | 386 | 324 | 557 | 569 | 13.8% |
Total | 3,048 | 2,667 | 3,480 | 4,276 | 11.9% |
Top Export Markets for Decaffeinated or Roasted Coffee from South Korea in 2022:
- Saudi Arabia (undefined tons)
- Hong Kong SAR (417.2 tons)
- Mongolia (55.8 tons)
- Malaysia (49.2 tons)
- United States (31.9 tons)
- China (30.4 tons)
- Singapore (21.7 tons)
- Taiwan (Chinese) (10.6 tons)
- Russia (4.4 tons)
This report provides an in-depth analysis of the market for decaffeinated or roasted coffee 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:
- Prodcom 10831130 - Decaffeinated coffee, not roasted
- Prodcom 10831150 - Roasted coffee, not decaffeinated
- Prodcom 10831170 - Roasted decaffeinated coffee
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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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 VOLUME AND VALUE
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
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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
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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
- 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
- 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
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