Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea - 2022
Contents:
- Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea (FOB) - 2022
- Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea (CIF) - 2022
- Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea
- Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea
Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea (FOB) - 2022
In 2022, the average export price for leguminous vegetables; shelled or unshelled, fresh or chilleds amounted to $5,600 per ton, rising by 41% against the previous year. Overall, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 an increase of 131% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($11,795 per ton), while the average price for exports to the Philippines ($3,372 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 Vietnam (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea (CIF) - 2022
The average import price for leguminous vegetables; shelled or unshelled, fresh or chilleds stood at $1,807 per ton in 2022, rising by 31% against the previous year. In general, the import price posted a mild increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 65%. Over the period under review, average import prices attained the peak figure at $1,898 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($7,500 per ton), while the price for the United States ($1,249 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea
In 2022, overseas shipments of leguminous vegetables; shelled or unshelled, fresh or chilleds decreased by -75.7% to 497 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2020 with an increase of 222% against the previous year. As a result, the exports reached the peak of 2.9 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of leguminous vegetables; shelled or unshelled, fresh or chilleds reduced remarkably to $2.8K in 2022. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2020 when exports increased by 84% against the previous year.
| Export of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 1.2 | 0% |
| Philippines | N/A | N/A | N/A | 1.0 | 0% |
| United States | 2.0 | N/A | N/A | 0.5 | -37.0% |
| Kuwait | N/A | 3.4 | 0.8 | N/A | -76.5% |
| Thailand | N/A | N/A | 0.3 | N/A | 0% |
| Chile | N/A | 1.5 | 3.2 | N/A | 113.3% |
| Malaysia | N/A | 1.5 | N/A | N/A | 0% |
| United Arab Emirates | 1.3 | 0.4 | 0.1 | N/A | -72.3% |
| Australia | N/A | N/A | 2.7 | N/A | 0% |
| Others | 0.5 | 0.1 | 1.0 | N/A | 41.4% |
| Total | 3.8 | 7.0 | 8.1 | 2.8 | -9.7% |
Top Export Markets for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled from South Korea in 2022:
- Philippines (290.0 kg)
- Vietnam (160.0 kg)
- United States (44.0 kg)
Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea
In 2022, the amount of leguminous vegetables; shelled or unshelled, fresh or chilleds imported into South Korea contracted remarkably to 457 kg, shrinking by 99.9% on 2021 figures. In general, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 182%. As a result, imports attained the peak of 2.1K tons, and then contracted notably in the following year.
In value terms, imports of leguminous vegetables; shelled or unshelled, fresh or chilleds contracted markedly to $826 in 2022. Over the period under review, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 366% against the previous year. As a result, imports attained the peak of $2.8M, and then shrank remarkably in the following year.
| Import of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.6 | N/A | 74.7 | 0.4 | -69.1% |
| United States | 1,038 | 532 | 1,243 | 0.3 | -93.4% |
| Vietnam | N/A | N/A | N/A | 0.1 | 0% |
| Indonesia | N/A | N/A | 487 | N/A | 0% |
| Myanmar | 85.2 | 49.6 | 170 | N/A | 41.3% |
| Canada | 42.2 | 14.1 | 32.8 | N/A | -11.8% |
| Others | 16.3 | 12.0 | 825 | N/A | 611.4% |
| Total | 1,195 | 608 | 2,832 | 0.8 | -91.3% |
Top Suppliers of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled to South Korea in 2022:
- United States (261.0 kg)
- China (187.0 kg)
- Vietnam (8.0 kg)
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