Price for Fruit, Edible; Apples, Dried in South Korea - 2022
Contents:
- Price for Fruit, Edible; Apples, Dried in South Korea (FOB) - 2022
- Price for Fruit, Edible; Apples, Dried in South Korea (CIF) - 2022
- Exports of Fruit, Edible; Apples, Dried in South Korea
- Imports of Fruit, Edible; Apples, Dried in South Korea
Price for Fruit, Edible; Apples, Dried in South Korea (FOB) - 2022
In 2022, the average fruit, edible; apples, dried export price amounted to $74,912 per ton, surging by 16% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 137% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($101,298 per ton), while the average price for exports to the United States ($27,215 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 Thailand (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fruit, Edible; Apples, Dried in South Korea (CIF) - 2022
The average fruit, edible; apples, dried import price stood at $5,970 per ton in 2022, declining by -5.6% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 when the average import price increased by 111%. The import price peaked at $34,469 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($47,966 per ton), while the price for Turkey ($3,735 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fruit, Edible; Apples, Dried in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas shipments of fruit, edible; apples, dried, which increased by 3% to 2.3 tons in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 70% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, fruit, edible; apples, dried exports skyrocketed to $169K in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 76% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Fruit, Edible; Apples, Dried in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.2 | 11.4 | 29.3 | 40.6 | 487.7% |
| Taiwan (Chinese) | 16.4 | 19.8 | 24.6 | 38.7 | 33.1% |
| Hong Kong SAR | 17.0 | 44.3 | 27.6 | 35.6 | 27.9% |
| Thailand | 0.3 | 1.1 | 4.3 | 15.6 | 273.3% |
| Singapore | 1.1 | 5.7 | 7.6 | 11.6 | 119.3% |
| China | 19.2 | 19.1 | 33.6 | 10.5 | -18.2% |
| Malaysia | 0.7 | 4.2 | 8.5 | 8.0 | 125.2% |
| United States | 9.4 | 11.7 | 1.3 | 2.1 | -39.3% |
| Others | 2.9 | 1.3 | 5.0 | 6.4 | 30.2% |
| Total | 67.4 | 119 | 142 | 169 | 35.9% |
Top Export Markets for Fruit, Edible; Apples, Dried from South Korea in 2022:
- Taiwan (Chinese) (611.0 kg)
- Vietnam (501.0 kg)
- Hong Kong SAR (389.0 kg)
- Thailand (270.0 kg)
- Singapore (125.0 kg)
- China (104.0 kg)
- Malaysia (83.0 kg)
- United States (79.0 kg)
Imports of Fruit, Edible; Apples, Dried in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of fruit, edible; apples, dried, when their volume decreased by -52.8% to 2.9 tons. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 152%. As a result, imports attained the peak of 6.2 tons, and then shrank rapidly in the following year.
In value terms, fruit, edible; apples, dried imports dropped rapidly to $18K in 2022. Over the period under review, imports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year.
| Import of Fruit, Edible; Apples, Dried in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 8.4 | 7.9 | 8.6 | 65.4% |
| Turkey | N/A | 0.3 | 12.7 | 7.4 | 396.7% |
| United States | 9.4 | 4.9 | 2.5 | 1.4 | -47.0% |
| Germany | 3.9 | 3.8 | 11.6 | N/A | 72.5% |
| Uzbekistan | N/A | 0.5 | 0.8 | N/A | 60.0% |
| France | 12.7 | 6.7 | N/A | N/A | -47.2% |
| Australia | 9.5 | N/A | N/A | N/A | 0% |
| Others | 6.0 | 0.2 | 3.9 | 0.1 | -74.5% |
| Total | 43.4 | 24.8 | 39.4 | 17.5 | -26.1% |
Top Suppliers of Fruit, Edible; Apples, Dried to South Korea in 2022:
- Turkey (1978.0 kg)
- China (918.0 kg)
- United States (29.0 kg)
- Germany (1.0 kg)
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