Republic of Korea - Tomatoes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTomato Price in South Korea - 2022
Contents:
- Tomato Price in South Korea (FOB) - 2022
- Tomato Price in South Korea (CIF) - 2022
- Tomato Exports in South Korea
- Tomato Imports in South Korea
Tomato Price in South Korea (FOB) - 2022
In December 2022, the average tomato export price amounted to $2,516 per ton, growing by 2.2% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 6% month-to-month. The export price peaked at $2,828 per ton in April 2022; however, from May 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($7,154 per ton), while the average price for exports to Japan amounted to $2,397 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.4%).
Tomato Price in South Korea (CIF) - 2022
The average tomato import price stood at $2,287 per ton in 2022, surging by 13% against the previous year. Overall, the import price showed a moderate expansion. The pace of growth was the most pronounced in 2019 an increase of 55%. As a result, import price reached the peak level of $3,153 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($6,528 per ton), while the price for Brazil ($1,130 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Tomato Exports in South Korea
Tomato exports from South Korea declined to 4.5K tons in 2022, with a decrease of -9.4% against the year before. Over the period under review, exports recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year.
In value terms, tomato exports fell notably to $12M in 2022. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year.
Export of Tomato in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 14.3 | 11.9 | 13.4 | 11.0 | -8.4% |
Hong Kong SAR | 0.1 | 0.4 | 0.8 | 0.5 | 71.0% |
Others | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
Total | 14.8 | 12.5 | 14.4 | 11.7 | -7.5% |
Top Export Markets for Tomato from South Korea in 2022:
- Japan (4.4K tons)
- Hong Kong SAR (0.1K tons)
Tomato Imports in South Korea
In 2022, the amount of tomatoes imported into South Korea totaled 286 tons, approximately equating 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. As a result, imports attained the peak of 293 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, tomato imports rose remarkably to $653K in 2022. Over the period under review, imports, however, recorded a perceptible descent.
Import of Tomato in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 14.7 | N/A | 129 | 189 | 134.3% |
United States | 628 | 350 | 309 | 147 | -38.4% |
China | N/A | 4.6 | 4.3 | 73.5 | 299.7% |
Peru | N/A | N/A | N/A | 47.4 | 0% |
Brazil | 0.3 | 0.7 | 0.7 | 5.5 | 163.7% |
Myanmar | 54.7 | 297 | N/A | N/A | 443.0% |
Others | 15.3 | 0.1 | 129 | 190 | 131.6% |
Total | 713 | 652 | 571 | 653 | -2.9% |
Top Suppliers of Tomato to South Korea in 2022:
- United States (114.0 tons)
- China (64.8 tons)
- Netherlands (29.0 tons)
- Peru (12.1 tons)
- Brazil (4.9 tons)
This report provides an in-depth analysis of the tomato 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 388 - Tomatoes, fresh
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
This report provides an in-depth analysis of the tomato market in Republic of Korea.
This report provides an in-depth analysis of the global tomato market.
This report provides an in-depth analysis of the tomato market in Republic of Korea.
This report provides an in-depth analysis of the global tomato market.
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