Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea - 2022

Contents:

  1. Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea (CIF) - 2022
  2. Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea (FOB) - 2022
  3. Imports of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea
  4. Exports of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea

Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea (CIF) - 2022

The average import price for vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen stood at $1,525 per ton in December 2022, increasing by 38% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $1,632 per ton in January 2022; however, from February 2022 to December 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Mexico ($3,246 per ton), while the price for China ($1,197 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea (FOB) - 2022

The average export price for vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen stood at $2,995 per ton in 2022, picking up by 10% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen increased by +15.7% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 78%. The export price peaked at $3,168 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Singapore ($7,294 per ton), while the average price for exports to Vietnam ($1,552 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 Singapore (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea

In 2022, imports of vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen into South Korea expanded markedly to 7.6K tons, surging by 13% against the previous year. The total import volume increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen totaled $10M in 2022. The total import value increased at an average annual rate of +13.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 18%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Import of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.14.55.05.49.6%
VietnamN/A0.50.91.254.9%
Mexico0.50.70.81.026.0%
United States1.61.51.41.0-14.5%
Belgium0.30.50.60.944.2%
Spain0.40.30.50.57.7%
Others0.30.30.30.2-12.6%
Total7.18.39.610.313.2%

Top Suppliers of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen to South Korea in 2022:

  1. China (5.1K tons)
  2. Vietnam (0.7K tons)
  3. Belgium (0.6K tons)
  4. Mexico (0.4K tons)
  5. Spain (0.4K tons)
  6. United States (0.3K tons)

Exports of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea

After three years of growth, overseas shipments of vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen decreased by -40.3% to 126 tons in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 245%.

In value terms, exports of vegetable mixtures; uncooked or cooked by steaming or boiling in water, frozen fell remarkably to $377K in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 211%.

Export of Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam7.312.46.234.467.7%
United States8.82.92.222.737.1%
Singapore0.7N/A8.64.890.0%
New Zealand1.81.71.21.7-1.9%
ChinaN/AN/A14.7N/A0%
United Arab Emirates19.120.017.8N/A-3.5%
Others95.237752031348.7%
Total13341457137741.5%

Top Export Markets for Vegetable Mixtures; Uncooked or Cooked by Steaming or Boiling in Water, Frozen from South Korea in 2022:

  1. Vietnam (22.2 tons)
  2. United States (3.8 tons)
  3. Singapore (0.7 tons)
  4. New Zealand (0.3 tons)

Source: IndexBox Market Intelligence Platform

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