Price for Apples, Pears and Quinces; Fresh in South Korea - 2022
Contents:
- Price for Apples, Pears and Quinces; Fresh in South Korea (FOB) - 2022
- Price for Apples, Pears and Quinces; Fresh in South Korea (CIF) - 2022
- Exports of Apples, Pears and Quinces; Fresh in South Korea
- Imports of Apples, Pears and Quinces; Fresh in South Korea
Price for Apples, Pears and Quinces; Fresh in South Korea (FOB) - 2022
In 2022, the average export price for apples, pears and quinces; freshes amounted to $2,830 per ton, with a decrease of -13.2% against the previous year. Over the period under review, the export price saw a slight descent. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. The export price peaked at $3,262 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($3,510 per ton), while the average price for exports to Vietnam ($2,283 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 Hong Kong SAR (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Apples, Pears and Quinces; Fresh in South Korea (CIF) - 2022
The average import price for apples, pears and quinces; freshes stood at $2,411 per ton in 2022, dropping by -29.7% against the previous year. Overall, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 62%. The import price peaked at $3,427 per ton in 2021, and then contracted significantly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +41.9% per year.
Exports of Apples, Pears and Quinces; Fresh in South Korea
After two years of decline, overseas shipments of apples, pears and quinces; freshes increased by 21% to 28K tons in 2022. Overall, exports, however, saw a deep contraction.
In value terms, apples, pears and quinces; fresh exports stood at $79M in 2022. In general, exports, however, showed a perceptible decline.
| Export of Apples, Pears and Quinces; Fresh in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.3 | 30.7 | 31.0 | 36.0 | 1.6% |
| Taiwan (Chinese) | 29.3 | 28.5 | 29.4 | 23.6 | -7.0% |
| Vietnam | 17.8 | 9.6 | 6.4 | 10.2 | -16.9% |
| Hong Kong SAR | 1.7 | 2.1 | 2.2 | 2.5 | 13.7% |
| Canada | 1.3 | 1.2 | 1.4 | 1.6 | 7.2% |
| Indonesia | 0.8 | 0.5 | 1.1 | 1.3 | 17.6% |
| Others | 4.3 | 4.1 | 3.9 | 3.9 | -3.2% |
| Total | 89.6 | 76.7 | 75.4 | 79.1 | -4.1% |
Top Export Markets for Apples, Pears and Quinces; Fresh from South Korea in 2022:
- United States (10.5K tons)
- Taiwan (Chinese) (10.0K tons)
- Vietnam (4.5K tons)
- Hong Kong SAR (0.8K tons)
- Canada (0.5K tons)
- Indonesia (0.4K tons)
Imports of Apples, Pears and Quinces; Fresh in South Korea
In 2022, supplies from abroad of apples, pears and quinces; freshes increased by 10% to 29 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a sharp descent.
In value terms, apples, pears and quinces; fresh imports dropped markedly to $71K in 2022. Over the period under review, imports, however, faced a significant decline. The smallest decline of -19.3% was in 2021.
| Import of Apples, Pears and Quinces; Fresh in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 23.6 | 70.5 | 198.7% |
| United Arab Emirates | N/A | N/A | 10.6 | N/A | 0% |
| Taiwan (Chinese) | 139 | 64.0 | N/A | N/A | -54.0% |
| Canada | 43.0 | 48.8 | 56.0 | N/A | 14.1% |
| Others | 0.7 | N/A | 0.9 | N/A | 13.4% |
| Total | 183 | 113 | 91.1 | 70.6 | -27.2% |
Top Suppliers of Apples, Pears and Quinces; Fresh to South Korea in 2022:
- Australia (29.3 tons)
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