Price for Herbs; Thyme, Bay Leaves in South Korea - 2022
Contents:
- Price for Herbs; Thyme, Bay Leaves in South Korea (CIF) - 2022
- Imports of Herbs; Thyme, Bay Leaves in South Korea
Price for Herbs; Thyme, Bay Leaves in South Korea (CIF) - 2022
In 2022, the average herbs; thyme, bay leaves import price amounted to $2,951 per ton, reducing by -6.5% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, herbs; thyme, bay leaves import price decreased by -37.8% against 2015 indices. The growth pace was the most rapid in 2013 when the average import price increased by 42%. The import price peaked at $4,744 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for Morocco amounted to +52.6% per year.
Imports of Herbs; Thyme, Bay Leaves in South Korea
For the fourth year in a row, South Korea recorded growth in purchases abroad of herbs, which increased by 13% to 1.6 tons in 2022. The total import volume increased at an average annual rate of +13.4% over the period 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 2021 with an increase of 13%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, herbs; thyme, bay leaves imports expanded remarkably to $4.8K in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 6%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Herbs; Thyme, Bay Leaves in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 4.1 | 4.3 | 4.6 | 4.8 | 5.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.1 | 4.3 | 4.6 | 4.8 | 5.4% |
Top Suppliers of Herbs; Thyme, Bay Leaves to South Korea in 2022:
- Philippines (1.6 tons)
970
This report provides an in-depth analysis of the ginger market in Republic of Korea.
77
This report provides an in-depth analysis of the market for spices except pepper or ginger in Republic of Korea.
730
This report provides an in-depth analysis of the market for dog and cat food in Republic of Korea.
930
This report provides an in-depth analysis of the apricot market in Republic of Korea.
1260
This report provides an in-depth analysis of the virgin olive oil market in Republic of Korea.
534
This report provides an in-depth analysis of the paint and varnish market in Republic of Korea.
422
This report provides an in-depth analysis of the olive oil market in Republic of Korea.
338
This report provides an in-depth analysis of the encased lead pencil market in Republic of Korea.
299
This report provides an in-depth analysis of the market for clock movements, complete and assembled in Republic of Korea.
408
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Republic of Korea.
1466
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1172
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
838
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
8111
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8734
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1430
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
8046
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
12259
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1737
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3530
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
