Republic of Korea - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in South Korea - 2022
Contents:
- Chewing Gum Price in South Korea (FOB) - 2022
- Chewing Gum Price in South Korea (CIF) - 2022
- Chewing Gum Exports in South Korea
- Chewing Gum Imports in South Korea
Chewing Gum Price in South Korea (FOB) - 2022
The average chewing gum export price stood at $13,090 per ton in December 2022, reducing by -4.9% against the previous month. Over the period under review, the export price continues to indicate a mild decrease. The pace of growth appeared the most rapid in February 2022 an increase of 86% m-o-m. Over the period under review, the average export prices reached the maximum at $16,608 per ton in October 2022; however, from November 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Kazakhstan ($39,622 per ton), while the average price for exports to Russia ($10,069 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.
Chewing Gum Price in South Korea (CIF) - 2022
In December 2022, the average chewing gum import price amounted to $10,698 per ton, surging by 69% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 102% month-to-month. The import price peaked at $18,438 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($36,102 per ton), while the price for Spain ($4,595 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 Poland (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Chewing Gum Exports in South Korea
In 2022, approx. 359 tons of chewing gum were exported from South Korea; waning by -18.8% on 2021 figures. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 40%.
In value terms, chewing gum exports fell remarkably to $3.8M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 86%. As a result, the exports attained the peak of $4.9M, and then dropped markedly in the following year.
Export of Chewing Gum in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 3.8 | 8.3 | 8.9 | 2,816 | 804.9% |
South Africa | N/A | 1.3 | 3.8 | 978 | 2642.8% |
Russia | 333 | 243 | 338 | N/A | 0.7% |
Japan | 798 | 678 | 3,257 | N/A | 102.0% |
China | 369 | 385 | 118 | N/A | -43.5% |
Guatemala | 123 | 1.1 | 0.8 | N/A | -91.9% |
Ethiopia | 398 | 318 | N/A | N/A | -20.1% |
United States | 403 | 215 | 278 | N/A | -16.9% |
Qatar | 97.2 | 48.6 | 159 | N/A | 27.9% |
Saudi Arabia | 691 | 269 | 282 | N/A | -36.1% |
Others | 686 | 494 | 498 | 8.5 | -76.9% |
Total | 3,902 | 2,662 | 4,943 | 3,803 | -0.9% |
Top Export Markets for Chewing Gum from South Korea in 2022:
- Brazil (190.3 tons)
- South Africa (168.0 tons)
Chewing Gum Imports in South Korea
In 2022, approx. 585 tons of chewing gum were imported into South Korea; with a decrease of -12.2% on 2021. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year.
In value terms, chewing gum imports shrank to $2.5M in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23%.
Import of Chewing Gum in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | N/A | 2.8 | 2,081 | 74221.4% |
South Africa | N/A | N/A | N/A | 410 | 0% |
Spain | 146 | 163 | 228 | N/A | 25.0% |
Japan | 152 | 205 | 231 | N/A | 23.3% |
China | 153 | 116 | 467 | N/A | 74.7% |
Malaysia | 1,647 | 712 | 428 | N/A | -49.0% |
United States | 613 | 466 | 332 | N/A | -26.4% |
Indonesia | 123 | 31.2 | 62.5 | N/A | -28.7% |
Canada | 60.7 | 264 | 39.2 | N/A | -19.6% |
Brazil | N/A | 33.0 | 25.8 | N/A | -21.8% |
Others | 218 | 250 | 926 | N/A | 106.1% |
Total | 3,112 | 2,239 | 2,743 | 2,491 | -7.2% |
Top Suppliers of Chewing Gum to South Korea in 2022:
- Turkey (538.8 tons)
- South Africa (46.6 tons)
This report provides an in-depth analysis of the chewing gum market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10822310 - Chewing gum
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global chewing gum market analysis from 2013 to 2023, including consumption, production, imports, and exports. The market is expected to show growth in both volume and value terms over the next seven years.
Discover the top import markets for candy and confectionery around the world, including the United States, United Kingdom, Germany, Canada, France, Netherlands, China, Belgium, Poland, and Sweden. With billions of dollars in imports, these countries showcase the universal love for indulgent treats. Stay informed about the latest trends and statistics in the dynamic confectionery industry with market intelligence platforms like IndexBox.
In value terms, sugars and chemically pure imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern r...
In value terms, sugars and chemically pure exports amounted to $X in 2016. In general, sugars and chemically pure exports continue to indicate a relatively flat trend pattern. Global sugars and che...
In 2016, approx. X tons of confectionery were imported worldwide- reducing by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
In 2016, approx. X tons of confectionery were imported worldwide- reducing by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the p...
Global chewing gum market analysis from 2013 to 2023, including consumption, production, imports, and exports. The market is expected to show growth in both volume and value terms over the next seven years.
Discover the top import markets for candy and confectionery around the world, including the United States, United Kingdom, Germany, Canada, France, Netherlands, China, Belgium, Poland, and Sweden. With billions of dollars in imports, these countries showcase the universal love for indulgent treats. Stay informed about the latest trends and statistics in the dynamic confectionery industry with market intelligence platforms like IndexBox.
In value terms, sugars and chemically pure imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern r...
In value terms, sugars and chemically pure exports amounted to $X in 2016. In general, sugars and chemically pure exports continue to indicate a relatively flat trend pattern. Global sugars and che...