Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea - 2022
Contents:
- Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea (CIF) - 2022
- Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea (FOB) - 2022
- Imports of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea
- Exports of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea
Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea (CIF) - 2022
In 2022, the average import price for onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds amounted to $593 per ton, reducing by -6.9% against the previous year. Overall, the import price showed a mild setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 38%. Over the period under review, average import prices reached the peak figure at $690 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($758 per ton), while the price for China totaled $577 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.9%).
Price for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea (FOB) - 2022
In 2022, the average export price for onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds amounted to $928 per ton, jumping by 33% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 232%. As a result, the export price reached the peak level of $1,472 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,439 per ton), while the average price for exports to Vietnam ($618 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 Taiwan (Chinese) (+1.7%), while the prices for the other major destinations experienced a decline.
Imports of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas purchases of onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds, which increased by 88% to 102K tons in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds soared to $61M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 90%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.7 | 15.5 | 27.7 | 57.1 | 65.0% |
| Japan | N/A | 0.5 | 2.5 | 1.4 | 67.3% |
| Others | 1.6 | 2.2 | 4.6 | 2.1 | 9.5% |
| Total | 14.3 | 18.3 | 34.7 | 60.6 | 61.8% |
Top Suppliers of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled to South Korea in 2022:
- China (98.8K tons)
- Japan (1.8K tons)
Exports of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea
In 2022, exports of onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds from South Korea dropped dramatically to 3.5K tons, waning by -66.6% compared with the year before. Overall, exports saw a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 20%.
In value terms, exports of onions, shallots, garlic, leeks and other alliaceous vegetables; fresh or chilleds contracted significantly to $3.2M in 2022. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of -38.1% was in 2020.
| Export of Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 13.3 | 3.4 | 5.2 | 1.7 | -49.6% |
| Japan | 0.1 | N/A | 0.2 | 0.8 | 100.0% |
| United States | 3.2 | 8.8 | 1.2 | 0.2 | -60.3% |
| Hong Kong SAR | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Vietnam | 1.8 | 0.1 | N/A | 0.1 | -61.8% |
| Russia | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Thailand | 0.7 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 0.3 | 0.3 | 0.1 | -57.5% |
| Total | 20.7 | 12.8 | 7.2 | 3.2 | -46.3% |
Top Export Markets for Onions, Shallots, Garlic, Leeks and Other Alliaceous Vegetables; Fresh or Chilled from South Korea in 2022:
- Taiwan (Chinese) (2613.3 tons)
- Japan (456.4 tons)
- Vietnam (222.2 tons)
- Russia (70.8 tons)
- Hong Kong SAR (67.7 tons)
- United States (27.3 tons)
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