Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea - 2022

Contents:

  1. Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea (CIF) - 2022
  2. Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea (FOB) - 2022
  3. Imports of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea
  4. Exports of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea

Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea (CIF) - 2022

The average import price for oleaginous fruits; palm nuts and kernels, whether or not broken stood at $3,576 per ton in 2022, surging by 49% against the previous year. Overall, the import price recorded buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 66%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +18.9% per year.

Price for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea (FOB) - 2022

The average export price for oleaginous fruits; palm nuts and kernels, whether or not broken stood at $18,000 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to -18.2% per year.

Imports of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea

In 2022, after three years of growth, there was significant decline in supplies from abroad of oleaginous fruits; palm nuts and kernels, whether or not broken, when their volume decreased by -19.3% to 20 tons. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 94% against the previous year.

In value terms, imports of oleaginous fruits; palm nuts and kernels, whether or not broken soared to $73K in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 92%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Myanmar26.350.524.472.740.3%
EthiopiaN/AN/A36.2N/A0%
OthersN/AN/AN/AN/A0%
Total26.350.560.672.740.3%

Top Suppliers of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken to South Korea in 2022:

  1. Myanmar (20.3 tons)

Exports of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea

In 2022, the amount of oleaginous fruits; palm nuts and kernels, whether or not broken exported from South Korea dropped rapidly to 4 kg, with a decrease of -20% on the year before. Over the period under review, exports saw a precipitous curtailment.

In value terms, exports of oleaginous fruits; palm nuts and kernels, whether or not broken fell sharply to $72 in 2022. Overall, exports faced a sharp shrinkage.

Export of Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken in South Korea (USD)
COUNTRY20212022CAGR,
2021-2022
Macao SAR88.072.0-18.2%
United States2.0N/A0%
OthersN/AN/A0%
Total90.072.0-20.0%

Top Export Markets for Oleaginous Fruits; Palm Nuts and Kernels, Whether or Not Broken from South Korea in 2022:

  1. Macao SAR (4.0 kg)

Source: IndexBox Market Intelligence Platform

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