Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea - 2022
Contents:
- Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea (CIF) - 2022
- Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea (FOB) - 2022
- Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea
- Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea
Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea (CIF) - 2022
The average import price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 stood at $18,718 per ton in 2022, with a decrease of -31.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 56%. Over the period under review, average import prices hit record highs at $37,455 per ton in 2020; however, from 2021 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 France ($63,495 per ton), while the price for Saudi Arabia ($5,226 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 Arab Emirates (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea (FOB) - 2022
The average export price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 stood at $38,489 per ton in 2022, with an increase of 240% against the previous year. In general, the export price showed a prominent increase. The export price peaked at $39,170 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($56,454 per ton), while the average price for exports to the Netherlands ($14,063 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea
In 2022, the amount of nuts, edible; mixtures of nuts or dried fruits of chapter 8 imported into South Korea skyrocketed to 13 tons, rising by 37% compared with the year before. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 49%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 declined to $237K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.2% 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 +82.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 79%.
| Import of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 61.0 | 104 | 143 | 108 | 21.0% |
| France | 53.2 | 121 | 58.9 | 69.3 | 9.2% |
| China | 6.7 | 2.8 | 34.8 | 54.3 | 100.9% |
| Saudi Arabia | N/A | N/A | 0.1 | 1.3 | 1200.0% |
| Spain | 3.5 | N/A | N/A | N/A | 0% |
| Others | 5.4 | 5.5 | 17.8 | 4.7 | -4.5% |
| Total | 130 | 233 | 255 | 237 | 22.2% |
Top Suppliers of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 to South Korea in 2022:
- China (7.2 tons)
- United States (3.8 tons)
- France (1.1 tons)
- Saudi Arabia (0.2 tons)
Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea
In 2022, exports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 from South Korea contracted notably to 3 tons, with a decrease of -91.4% on the year before. Overall, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 401%. As a result, the exports attained the peak of 34 tons, and then dropped notably in the following year.
In value terms, exports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 dropped remarkably to $114K in 2022. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. As a result, the exports reached the peak of $388K, and then shrank significantly in the following year.
| Export of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 21.8 | 55.6 | 98.2 | 80.8 | 54.8% |
| Netherlands | N/A | N/A | 178 | 16.2 | -90.9% |
| United States | N/A | 20.8 | 10.4 | 12.5 | -22.5% |
| Singapore | 0.2 | 0.7 | 1.4 | 2.0 | 115.4% |
| Hong Kong SAR | 65.2 | 20.8 | 7.3 | 0.9 | -76.0% |
| China | 35.0 | N/A | N/A | N/A | 0% |
| Malaysia | 97.8 | 20.9 | 0.4 | N/A | -93.6% |
| Mongolia | 4.9 | 12.3 | 42.8 | N/A | 195.5% |
| Australia | N/A | 33.8 | 35.1 | N/A | 3.8% |
| Others | 25.7 | 28.8 | 14.4 | 1.5 | -61.2% |
| Total | 251 | 194 | 388 | 114 | -23.1% |
Top Export Markets for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 from South Korea in 2022:
- Japan (1432.0 kg)
- Netherlands (1152.0 kg)
- United States (268.0 kg)
- Singapore (81.0 kg)
- Hong Kong SAR (10.0 kg)
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