Price for Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea - 2022
Contents:
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea (CIF) - 2022
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea (FOB) - 2022
- Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea
- Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea (CIF) - 2022
The average import price for seed; vegetable seed, of a kind used for sowings stood at $44,819 per ton in December 2022, which is down by -46% against the previous month. Over the period under review, the import price recorded a slight setback. The growth pace was the most rapid in October 2022 when the average import price increased by 115% against the previous month. The import price peaked at $83,046 per ton in November 2022, and then dropped dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Chile ($220K per ton), while the price for New Zealand ($3,898 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 China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea (FOB) - 2022
The average export price for seed; vegetable seed, of a kind used for sowings stood at $104,440 per ton in 2022, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($223,446 per ton), while the average price for exports to Bangladesh ($35,241 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 Bangladesh (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea
In 2022, supplies from abroad of seed; vegetable seed, of a kind used for sowings decreased by -20.5% to 1.6K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 7.6% against the previous year. As a result, imports reached the peak of 2.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of seed; vegetable seed, of a kind used for sowings fell to $74M in 2022. Overall, imports recorded a mild decrease. The growth pace was the most rapid in 2020 with an increase of 2.8% against the previous year. As a result, imports attained the peak of $79M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.6 | 20.7 | 19.3 | 18.1 | -4.2% |
| Chile | 7.8 | 7.2 | 9.3 | 9.8 | 7.9% |
| Japan | 7.6 | 7.7 | 7.4 | 7.1 | -2.2% |
| New Zealand | 8.8 | 7.9 | 7.0 | 6.3 | -10.5% |
| India | 4.4 | 5.7 | 5.1 | 6.2 | 12.1% |
| Italy | 4.0 | 4.3 | 5.9 | 3.8 | -1.7% |
| South Africa | 2.5 | 2.2 | 4.0 | 3.2 | 8.6% |
| United States | 2.7 | 2.5 | 2.0 | 1.8 | -12.6% |
| Denmark | 2.2 | 2.0 | 2.0 | 1.7 | -8.2% |
| Others | 16.0 | 18.5 | 15.9 | 15.4 | -1.3% |
| Total | 76.6 | 78.8 | 77.8 | 73.5 | -1.4% |
Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to South Korea in 2022:
- New Zealand (475.6 tons)
- China (352.9 tons)
- United States (163.0 tons)
- Italy (155.4 tons)
- Chile (117.9 tons)
- Denmark (110.4 tons)
- South Africa (44.0 tons)
- Japan (37.8 tons)
- India (25.6 tons)
Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea
In 2022, approx. 504 tons of seed; vegetable seed, of a kind used for sowings were exported from South Korea; which is down by -20.2% compared with 2021. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 3.6%.
In value terms, exports of seed; vegetable seed, of a kind used for sowings declined to $53M in 2022. Over the period under review, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 2.3%.
| Export of Seed; Vegetable Seed, of A Kind Used for Sowing in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 14.3 | 11.8 | 13.1 | -5.2% |
| United States | 8.1 | 8.6 | 9.4 | 8.1 | 0.0% |
| India | 5.0 | 6.0 | 6.7 | 6.4 | 8.6% |
| Japan | 3.8 | 5.5 | 5.1 | 3.3 | -4.6% |
| Pakistan | 2.2 | 3.1 | 3.9 | 3.0 | 10.9% |
| Egypt | 2.3 | 1.1 | 2.1 | 2.6 | 4.2% |
| Bangladesh | 0.7 | 1.1 | 1.1 | 1.1 | 16.3% |
| Vietnam | 1.0 | 1.1 | 1.1 | 0.8 | -7.2% |
| Philippines | 0.5 | 0.6 | 0.4 | 0.7 | 11.9% |
| Nepal | 0.2 | 0.6 | 0.7 | 0.7 | 51.8% |
| Australia | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
| Sri Lanka | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Others | 16.0 | 14.3 | 14.7 | 11.7 | -9.9% |
| Total | 56.0 | 57.3 | 58.0 | 52.6 | -2.1% |
Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from South Korea in 2022:
- China (103.8 tons)
- India (79.1 tons)
- Japan (62.7 tons)
- United States (36.3 tons)
- Egypt (32.6 tons)
- Bangladesh (31.5 tons)
- Pakistan (25.7 tons)
- Nepal (14.3 tons)
- Philippines (14.0 tons)
- Sri Lanka (11.2 tons)
- Vietnam (10.2 tons)
- Australia (7.8 tons)
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