Flakes; of Potatoes Price in South Korea - 2022

Contents:

1. Flakes; of Potatoes Price in South Korea (CIF) - 2022
2. Flakes; of Potatoes Price in South Korea (FOB) - 2022
3. Flakes; of Potatoes Imports in South Korea
4. Flakes; of Potatoes Exports in South Korea

Flakes; of Potatoes Price in South Korea (CIF) - 2022

In December 2022, the average flakes; of potatoes import price amounted to $2,036 per ton, which is down by -11.2% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 an increase of 54% month-to-month. The import price peaked at $4,027 per ton in February 2022; however, from March 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 ($18,907 per ton), while the price for Denmark ($1,757 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 Belgium (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in South Korea (FOB) - 2022

The average flakes; of potatoes export price stood at $1,503 per ton in 2022, dropping by -43% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 59% against the previous year. As a result, the export price attained the peak level of $3,712 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($2,000 per ton), while the average price for exports to Poland stood at $1,452 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flakes; of Potatoes Imports in South Korea

In 2022, overseas purchases of flakes; of potatoeses decreased by -12.4% to 2.4K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year.

In value terms, flakes; of potatoes imports fell to $4.2M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $4.6M, and then fell in the following year.

Top Suppliers of Flakes; of Potatoes to South Korea in 2022:

1. Poland (1569.1 tons)
2. United States (315.1 tons)
3. Germany (152.0 tons)
4. China (120.0 tons)
5. Netherlands (98.1 tons)
6. Denmark (67.2 tons)
7. Belgium (35.8 tons)

Flakes; of Potatoes Exports in South Korea

Flakes; of potatoes exports from South Korea declined to 24 tons in 2022, with a decrease of -9.4% on 2021. Overall, exports faced a abrupt decrease. The smallest decline of -4.8% was in 2021.

In value terms, flakes; of potatoes exports shrank sharply to $36K in 2022. In general, exports saw a significant decrease. The smallest decline of -28.1% was in 2020.

Top Export Markets for Flakes; of Potatoes from South Korea in 2022:

1. Poland (22.0 tons)
2. Vietnam (2.3 tons)

Source: IndexBox Market Intelligence Platform