Price for Wine; Still, in Containers Holding 2 Litres or Less in South Korea - 2022
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in South Korea (CIF) - 2022
- Price for Wine; Still, in Containers Holding 2 Litres or Less in South Korea (FOB) - 2022
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in South Korea
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in South Korea
Price for Wine; Still, in Containers Holding 2 Litres or Less in South Korea (CIF) - 2022
The average import price for wine; still, in containers holding 2 litres or lesses stood at $7.8 per litre in December 2022, waning by -2.3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 an increase of 17% m-o-m. The import price peaked at $9.7 per litre in April 2022; however, from May 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 the United States ($14.9 per litre), while the price for Spain ($3.8 per litre) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in South Korea (FOB) - 2022
The average export price for wine; still, in containers holding 2 litres or lesses stood at $4.2 per litre in 2022, with an increase of 135% against the previous year. In general, the export price, however, saw a slight setback. The export price peaked at $6.4 per litre in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($23 per litre), while the average price for exports to the United States ($1.5 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding 2 Litres or Less in South Korea
In 2022, overseas purchases of wine; still, in containers holding 2 litres or lesses decreased by -10.9% to 57M litres for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.0% 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 +68.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, imports reached the peak of 64M litres, and then declined in the following year.
In value terms, imports of wine; still, in containers holding 2 litres or lesses shrank modestly to $467M in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of $469M, leveling off in the following year.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 49.9 | 61.2 | 126 | 130 | 37.6% |
| United States | 32.3 | 52.9 | 83.1 | 95.9 | 43.7% |
| Italy | 30.0 | 41.0 | 77.9 | 71.2 | 33.4% |
| Chile | 47.9 | 57.8 | 73.5 | 65.1 | 10.8% |
| Australia | 11.3 | 17.2 | 29.4 | 29.7 | 38.0% |
| Spain | 16.0 | 20.6 | 33.4 | 27.4 | 19.6% |
| New Zealand | 3.9 | 6.6 | 15.3 | 15.1 | 57.0% |
| Argentina | 5.1 | 7.2 | 11.4 | 10.9 | 28.8% |
| Others | 7.5 | 10.9 | 19.3 | 21.4 | 41.8% |
| Total | 204 | 275 | 469 | 467 | 31.8% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to South Korea in 2022:
- Chile (13.6M litres)
- France (10.2M litres)
- Italy (9.1M litres)
- Spain (7.0M litres)
- United States (6.6M litres)
- Australia (4.2M litres)
- New Zealand (1.8M litres)
- Argentina (1.7M litres)
Exports of Wine; Still, in Containers Holding 2 Litres or Less in South Korea
After three years of growth, shipments abroad of wine; still, in containers holding 2 litres or lesses decreased by -82.2% to 25K litres in 2022. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. The exports peaked at 138K litres in 2021, and then shrank remarkably in the following year.
In value terms, exports of wine; still, in containers holding 2 litres or lesses declined significantly to $104K in 2022. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 47%. As a result, the exports reached the peak of $284K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.2 | 10.2 | 2.6 | 42.0 | 167.3% |
| United States | 111 | 135 | 167 | 28.2 | -36.7% |
| Singapore | 10.8 | 12.4 | N/A | 26.6 | 35.0% |
| Australia | N/A | 83.1 | 53.9 | 5.5 | -74.3% |
| Netherlands | 5.8 | 13.5 | 11.8 | 1.3 | -39.3% |
| Nigeria | 17.9 | N/A | 0.1 | N/A | -92.5% |
| Thailand | N/A | 21.9 | N/A | N/A | 0% |
| Vietnam | 27.1 | N/A | N/A | N/A | 0% |
| Others | 18.4 | 7.3 | 12.0 | 0.1 | -82.4% |
| Total | 193 | 284 | 248 | 104 | -18.6% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from South Korea in 2022:
- United States (19.2K litres)
- France (2.6K litres)
- Australia (1.2K litres)
- Singapore (1.2K litres)
- Netherlands (0.4K litres)
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