Cherry Price in South Korea - 2022

Contents:

1. Cherry Price in South Korea (CIF) - 2022
2. Cherry Price in South Korea (FOB) - 2022
3. Cherry Imports in South Korea
4. Cherry Exports in South Korea

Cherry Price in South Korea (CIF) - 2022

In 2022, the average cherry import price amounted to $10,177 per ton, rising by 5.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2020 when the average import price increased by 15% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,708 per ton), while the price for Uzbekistan ($4,221 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Cherry Price in South Korea (FOB) - 2022

In 2022, the average cherry export price amounted to $11,394 per ton, jumping by 29% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices attained the maximum at $13,650 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mongolia ($14,463 per ton), while the average price for exports to Northern Mariana Islands amounted to $8,940 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Northern Mariana Islands (+14.8%).

Cherry Imports in South Korea

Cherry imports into South Korea dropped dramatically to 12K tons in 2022, which is down by -34.1% on the previous year. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 17K tons, and then dropped rapidly in the following year.

In value terms, cherry imports dropped sharply to $117M in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports attained the peak of $168M, and then contracted rapidly in the following year.

Top Suppliers of Cherry to South Korea in 2022:

1. Chile (6.6K tons)
2. United States (4.6K tons)
3. Uzbekistan (0.2K tons)

Cherry Exports in South Korea

In 2022, the amount of cherries exported from South Korea surged to 180 kg, growing by 3,500% compared with 2021 figures. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cherry exports skyrocketed to $2.1K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cherry from South Korea in 2022:

1. Northern Mariana Islands (100.0 kg)
2. Mongolia (80.0 kg)

Source: IndexBox Market Intelligence Platform