Republic of Korea: Dried Apricot Market 2020

Dried Apricot Market Size in Republic of Korea

The revenue of the dried apricot market in South Korea amounted to $X in 2017, reducing by -X% against the previous year. Overall, dried apricot consumption continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2015, with an increase of X% y-o-y. Over the period under review, the dried apricot market attained its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Dried Apricot Production in Republic of Korea

In 2017, dried apricot production in South Korea totaled X kg, stabilizing at the previous year. Overall, dried apricot production continues to indicate a relatively flat trend pattern.

Dried Apricot Exports from Republic of Korea

In 2017, exports of dried apricots from South Korea amounted to X tons, surging by X% against the previous year. In general, dried apricot exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017, when exports increased by X% year-to-year. In that year, the dried apricot exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, dried apricot exports totaled $X in 2017. In general, dried apricot exports continue to indicate an outstanding increase. In that year, the dried apricot exports attained their peak level, and are likely to continue its growth in the immediate term.

Dried Apricot Exports by Country from Republic of Korea

Turkey dominates dried apricot exports structure, amounting to X tons, which was near X% of total exports in 2017. It was distantly followed by Afghanistan (X tons), making up X% share of total exports. France (X tons) held the minor share of total exports.

Turkey experienced a relatively flat trend pattern of dried apricots exports. At the same time, Afghanistan (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. By contrast, France (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Turkey increased by X% percentage points, while Afghanistan (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest dried apricot supplier from South Korea, making up X% of global exports. The second position in the ranking was occupied by Afghanistan ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Afghanistan (+X% per year) and France (-X% per year).

Dried Apricot Export Prices by Country in Republic of Korea

The dried apricot export price in South Korea stood at $X per kg in 2017, rising by X% against the previous year. In general, dried apricot export price continues to indicate a strong growth. The growth pace was the most rapid in 2017, an increase of X% year-to-year. In that year, the export prices for dried apricots reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was France ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Dried Apricot Imports into Republic of Korea

In 2017, approx. X tons of dried apricots were imported into South Korea; reducing by -X% against the previous year. In general, dried apricot imports continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2015, when imports increased by X% against the previous year. South Korea imports peaked of X tons in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, dried apricot imports stood at $X in 2017. In general, dried apricot imports continue to indicate an abrupt slump. Over the period under review, the dried apricot imports attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Dried Apricot Imports by Country into Republic of Korea

In 2017, the U.S. (X tons), followed by the UK (X tons), Russia (X tons), Ukraine (X tons), Germany (X tons), France (X tons) and Algeria (X tons) were the main importers of dried apricots, together committing X% of total imports. The following importers - Kazakhstan (X tons), Australia (X tons), Iraq (X tons), Egypt (X tons) and Brazil (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Algeria (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest dried apricot markets worldwide were the U.S. ($X), the UK ($X) and Germany ($X), with a combined X% share of total imports. These countries were followed by France, Russia, Australia, Brazil, Kazakhstan, Algeria, Ukraine, Egypt, Iraq and South Korea, which together accounted for a further X%.

Algeria (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Dried Apricot Import Prices by Country in Republic of Korea

The dried apricot import price in South Korea stood at $X per ton in 2017, going down by -X% against the previous year. Overall, dried apricot import price continues to indicate a temperate increase. The growth pace was the most rapid in 2015, when the import prices increased by X% year-to-year. In that year, the import prices for dried apricots attained their peak level of $X per ton. From 2016 to 2017, growth of the import prices for dried apricots stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Germany ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Russia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform