Price for Plants, Live; Unrooted Cuttings and Slips in South Korea - 2022

Contents:

1. Price for Plants, Live; Unrooted Cuttings and Slips in South Korea (CIF) - 2022
2. Price for Plants, Live; Unrooted Cuttings and Slips in South Korea (FOB) - 2022
3. Imports of Plants, Live; Unrooted Cuttings and Slips in South Korea
4. Exports of Plants, Live; Unrooted Cuttings and Slips in South Korea

Price for Plants, Live; Unrooted Cuttings and Slips in South Korea (CIF) - 2022

The average import price for plants, live; unrooted cuttings and slipses stood at $0.1 per unit in 2022, waning by -26.8% against the previous year. Over the period under review, the import price, however, posted a strong increase. The pace of growth was the most pronounced in 2013 an increase of 74% against the previous year. The import price peaked at $0.2 per unit in 2021, and then fell remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Uganda ($0.1 per unit) and Vietnam ($0.1 per unit), while the price for China ($0.1 per unit) and the Netherlands ($0.1 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Plants, Live; Unrooted Cuttings and Slips in South Korea (FOB) - 2022

The average export price for plants, live; unrooted cuttings and slipses stood at $1 per unit in 2022, waning by -47.8% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 75% against the previous year. The export price peaked at $4.3 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1.1 per unit), while the average price for exports to South Africa ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plants, Live; Unrooted Cuttings and Slips in South Korea

In 2022, supplies from abroad of plants, live; unrooted cuttings and slipses increased by 24% to 20M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports of attained the peak figure at 25M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of plants, live; unrooted cuttings and slipses fell to $2.4M in 2022. In general, imports, however, continue to indicate a abrupt setback. The smallest decline of -1.1% was in 2020. Imports peaked at $2.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Plants, Live; Unrooted Cuttings and Slips to South Korea in 2022:

1. Indonesia (3.6M units)
2. Uganda (3.1M units)
3. Kenya (2.8M units)
4. Vietnam (1.6M units)
5. Thailand (1.6M units)
6. Sri Lanka (1.1M units)
7. Tanzania (1.0M units)
8. China (1.0M units)
9. Netherlands (0.9M units)
10. United States (0.9M units)
11. Brazil (0.4M units)
12. Ethiopia (0.4M units)
13. Costa Rica (0.2M units)

Exports of Plants, Live; Unrooted Cuttings and Slips in South Korea

Exports of plants, live; unrooted cuttings and slipses from South Korea soared to 960 units in 2022, picking up by 44% on the previous year. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 22,406%. As a result, the exports attained the peak of 42K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of plants, live; unrooted cuttings and slipses declined significantly to $947 in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 39,316% against the previous year. As a result, the exports reached the peak of $47K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Plants, Live; Unrooted Cuttings and Slips from South Korea in 2022:

1. United States (718.0 units)
2. Australia (227.0 units)
3. South Africa (15.0 units)

Source: IndexBox Market Intelligence Platform