Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea - 2022
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea (CIF) - 2022
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea (CIF) - 2022
The average import price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $6,369 per ton in December 2022, flattening at the previous month. Over the period under review, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 6.1% m-o-m. As a result, import price reached the peak level of $7,597 per ton. From March 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was India ($15,667 per ton), while the price for Vietnam ($6,340 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 India (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea (FOB) - 2022
In 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $4,798 per ton, shrinking by -10.1% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2014 an increase of 63% against the previous year. Over the period under review, the average export prices reached the peak figure at $19,400 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($6,393 per ton), while the average price for exports to Russia totaled $3,238 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.8%), while the prices for the other major destinations experienced a decline.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea
In 2022, after three years of growth, there was significant decline in supplies from abroad of nuts, edible; cashew nuts, shelled, fresh or drieds, when their volume decreased by -12.1% to 4.1K tons. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of 4.7K tons, and then fell in the following year.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds fell dramatically to $28M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. As a result, imports attained the peak of $33M, and then reduced dramatically in the following year.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 14.8 | 18.2 | 25.8 | 24.4 | 18.1% |
| Indonesia | 2.8 | 2.9 | 4.5 | 2.1 | -9.1% |
| India | 5.2 | 2.5 | 2.3 | 1.2 | -38.7% |
| Others | 1.2 | 0.3 | 0.2 | 0.1 | -56.3% |
| Total | 23.9 | 23.8 | 32.8 | 27.9 | 5.3% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to South Korea in 2022:
- Vietnam (3.7K tons)
- Indonesia (0.3K tons)
- India (0.1K tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea
In 2022, overseas shipments of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -10.8% to 32 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 449% against the previous year. As a result, the exports attained the peak of 36 tons, and then shrank in the following year.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds reduced dramatically to $154K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 312% against the previous year. As a result, the exports attained the peak of $192K, and then contracted remarkably in the following year.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 26.7 | N/A | 192 | 101 | 55.8% |
| Russia | N/A | N/A | N/A | 52.4 | 0% |
| India | N/A | 44.9 | N/A | N/A | 0% |
| Others | 1.4 | 1.7 | N/A | N/A | 21.4% |
| Total | 28.1 | 46.5 | 192 | 154 | 76.3% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from South Korea in 2022:
- Russia (16.2 tons)
- Vietnam (15.8 tons)
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