Republic of Korea - Leeks And Other Alliaceous Vegetables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLeek Price in South Korea - 2022
Contents:
- Leek Price in South Korea (CIF) - 2022
- Leek Price in South Korea (FOB) - 2022
- Leek Imports in South Korea
- Leek Exports in South Korea
Leek Price in South Korea (CIF) - 2022
In December 2022, the average leek import price amounted to $920 per ton, dropping by -15.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 27% month-to-month. The import price peaked at $1,196 per ton in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -0.4% per month.
Leek Price in South Korea (FOB) - 2022
In 2022, the average leek export price amounted to $6,094 per ton, waning by -12.9% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, leek export price decreased by -25.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 70%. The export price peaked at $8,196 per ton in 2020; however, from 2021 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 Canada ($21,892 per ton), while the average price for exports to Japan ($794 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 Singapore (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.
Leek Imports in South Korea
In 2022, the amount of leeks and other alliaceous vegetables imported into South Korea plummeted to 2.7K tons, shrinking by -68% compared with 2021 figures. Over the period under review, imports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports reached the peak of 8.3K tons, and then fell dramatically in the following year.
In value terms, leek imports declined sharply to $2.5M in 2022. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 129%. As a result, imports attained the peak of $9M, and then contracted sharply in the following year.
Import of Leek in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.6 | 3.9 | 9.0 | 2.4 | -12.6% |
Others | N/A | N/A | N/A | 0.1 | 0% |
Total | 3.7 | 3.9 | 9.0 | 2.5 | -12.3% |
Top Suppliers of Leek to South Korea in 2022:
- China (2.6K tons)
Leek Exports in South Korea
In 2022, the amount of leeks and other alliaceous vegetables exported from South Korea rose notably to 23 tons, picking up by 14% compared with the previous year. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 350% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, leek exports contracted slightly to $137K in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 452% against the previous year.
Export of Leek in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | N/A | 28.5 | 61.2 | 103 | 90.1% |
Canada | N/A | N/A | 2.1 | 12.3 | 485.7% |
United Arab Emirates | 9.8 | 10.2 | 10.2 | 5.7 | -16.5% |
Singapore | 8.2 | 54.3 | 40.9 | 5.6 | -11.9% |
Guam | N/A | 7.4 | 8.7 | 4.1 | -25.6% |
Japan | N/A | 0.1 | N/A | 1.6 | 300.0% |
United States | N/A | N/A | 9.0 | 0.8 | -91.1% |
Others | 0.3 | N/A | 5.5 | 3.8 | 133.1% |
Total | 18.2 | 100 | 138 | 137 | 96.0% |
Top Export Markets for Leek from South Korea in 2022:
- Hong Kong SAR (16.6 tons)
- Japan (2.0 tons)
- Guam (1.3 tons)
- United Arab Emirates (1.0 tons)
- Canada (0.6 tons)
- Singapore (0.6 tons)
- United States (0.1 tons)
This report provides an in-depth analysis of the leek 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:
- FCL 407 - Leeks and other alliaceous vegetables
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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