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Republic of Korea - Roots and Tubers, nes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRepublic of Korea: Market for Roots and Tubers, nes 2022
Market Size for Roots and Tubers, nes in Republic of Korea
In 2020, the South Korean roots and tubers, nes market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. In general, consumption, however, posted buoyant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2019, and then contracted in the following year.
Exports of Roots and Tubers, nes
Exports from Republic of Korea
After three years of growth, shipments abroad of roots and tubers, nes decreased by -X% to X tons in 2020. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.
In value terms, roots and tubers, nes exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.
Exports by Country
The U.S. (X tons) was the main destination for roots and tubers, nes exports from South Korea, with a X% share of total exports. Moreover, roots and tubers, nes exports to the U.S. exceeded the volume sent to the second major destination, Canada (X kg), eightfold.
From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and Australia (+X% per year).
In value terms, the U.S. ($X) emerged as the key foreign market for roots and tubers, nes exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports.
From 2007 to 2020, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Canada (-X% per year).
Export Prices by Country
The average roots and tubers, nes export price stood at $X per ton in 2020, rising by X% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the immediate term.
Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.
Imports of Roots and Tubers, nes
Imports into Republic of Korea
In 2020, roots and tubers, nes imports into South Korea declined to X tons, falling by -X% on the previous year. In general, imports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.
In value terms, roots and tubers, nes imports reduced to $X in 2020. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2019, and then fell in the following year.
Imports by Country
In 2020, China (X tons) was the main roots and tubers, nes supplier to South Korea, with a X% share of total imports. Moreover, roots and tubers, nes imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.
From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%.
In value terms, China ($X) constituted the largest supplier of roots and tubers, nes to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports.
From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%.
Import Prices by Country
The average roots and tubers, nes import price stood at $X per ton in 2020, waning by -X% against the previous year. Overall, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, roots and tubers, nes import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.
Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Vietnam ($X per ton), while the price for China amounted to $X per ton.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for roots and tubers, nes in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
- FCL 137 - Yams
- FCL 136 - Taro (Cocoyam)
- FCL 135 - Yautia (Cocoyam)
- FCL 149 - Roots and tubers nes
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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