Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea - 2022
Contents:
- Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea (CIF) - 2022
- Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea (FOB) - 2022
- Imports of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea
- Exports of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea
Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea (CIF) - 2022
The average import price for nuts, edible; brazil nuts, shelled, fresh or drieds stood at $7,605 per ton in December 2022, dropping by -2% against the previous month. Overall, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in February 2022 an increase of 17% m-o-m. Over the period under review, average import prices attained the peak figure at $15,395 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From December 2021 to December 2022, the rate of growth in terms of prices for Peru amounted to -4.6% per month.
Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea (FOB) - 2022
The average export price for nuts, edible; brazil nuts, shelled, fresh or drieds stood at $8,260 per ton in 2022, shrinking by -1.8% against the previous year. Over the period under review, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 116%. Over the period under review, the average export prices attained the maximum at $21,989 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
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 Libya ($10,909 per ton), while the average price for exports to Russia ($6,494 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+60.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea
In 2022, approx. 949 tons of nuts, edible; brazil nuts, shelled, fresh or drieds were imported into South Korea; with a decrease of -53.4% compared with the year before. Over the period under review, imports showed a dramatic downturn. The smallest decline of -8% was in 2020.
In value terms, imports of nuts, edible; brazil nuts, shelled, fresh or drieds shrank sharply to $9M in 2022. In general, imports saw a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year.
| Import of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 17.3 | 12.9 | 19.0 | 8.9 | -19.9% |
| Bolivia | 2.6 | 0.4 | 0.4 | N/A | -60.8% |
| Others | 0.4 | 0.1 | 0.2 | 0.1 | -37.0% |
| Total | 20.3 | 13.5 | 19.6 | 9.0 | -23.7% |
Top Suppliers of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried to South Korea in 2022:
- Peru (946.4 tons)
Exports of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea
Exports of nuts, edible; brazil nuts, shelled, fresh or drieds from South Korea surged to 175 tons in 2022, rising by 1,081% compared with the previous year's figure. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 39,854%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, exports of nuts, edible; brazil nuts, shelled, fresh or drieds soared to $1.4M in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 24,520% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 234 | 0% |
| United States | 130 | 0.1 | 4.2 | 172 | 9.8% |
| India | N/A | N/A | N/A | 165 | 0% |
| Iraq | N/A | 0.1 | N/A | 135 | 3574.2% |
| Libya | N/A | N/A | N/A | 120 | 0% |
| Malaysia | N/A | N/A | N/A | 119 | 0% |
| Saudi Arabia | N/A | N/A | 0.1 | 111 | 110900.0% |
| Israel | N/A | N/A | N/A | 82.0 | 0% |
| Singapore | N/A | N/A | N/A | 80.0 | 0% |
| Japan | N/A | N/A | 117 | 79.0 | -32.5% |
| Georgia | N/A | N/A | N/A | 74.8 | 0% |
| Vietnam | N/A | N/A | N/A | 33.3 | 0% |
| Others | N/A | 0.2 | 2.6 | 36.4 | 1249.1% |
| Total | 130 | 0.5 | 124 | 1,442 | 123.0% |
Top Export Markets for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried from South Korea in 2022:
- Russia (36.0 tons)
- United States (18.7 tons)
- Saudi Arabia (16.0 tons)
- India (16.0 tons)
- Iraq (16.0 tons)
- Israel (12.0 tons)
- Malaysia (12.0 tons)
- Georgia (11.0 tons)
- Libya (11.0 tons)
- Japan (10.0 tons)
- Singapore (8.4 tons)
- Vietnam (3.5 tons)
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