Report Update Nov 1, 2024

Republic of Korea - Brewing or Distilling Dregs and Waste - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Brewing Dregs Market 2024

Brewing Dregs Market Size in Republic of Korea

For the third consecutive year, the South Korean brewing dregs market recorded growth in sales value, which increased by 20% to $X in 2022. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.2% against 2017 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Brewing Dregs Exports

Exports from Republic of Korea

In 2022, brewing dregs exports from South Korea skyrocketed to X tons, surging by 209% compared with the year before. In general, exports showed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 10,426%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, brewing dregs exports surged to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 7,483%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for brewing dregs exports from South Korea, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to +74.9%.

In value terms, Japan ($X) also remains the key foreign market for brewing or distilling dregs and waste exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +66.8%.

Export Prices by Country

The average brewing dregs export price stood at $X per ton in 2022, increasing by 5.4% against the previous year. Overall, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -4.6% per year.

Brewing Dregs Imports

Imports into Republic of Korea

After two years of decline, supplies from abroad of brewing or distilling dregs and waste increased by 8.5% to X tons in 2022. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, brewing dregs imports soared to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main brewing dregs supplier to South Korea, accounting for a 97% share of total imports. It was followed by Australia (X tons), with a 2.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+37.2% per year) and China (-10.8% per year).

In value terms, the United States ($X) constituted the largest supplier of brewing or distilling dregs and waste to South Korea, comprising 97% of total imports. The second position in the ranking was taken by Australia ($X), with a 2.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+37.5% per year) and China (-9.1% per year).

Import Prices by Country

In 2022, the average brewing dregs import price amounted to $X per ton, rising by 15% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 34%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for brewing or distilling dregs and waste in the world?

The country with the largest volume of brewing dregs consumption was China, accounting for 19% of total volume. Moreover, brewing dregs consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of brewing or distilling dregs and waste in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together comprising 44% of global production. Russia, Brazil, Pakistan, Bangladesh, Japan, Germany, Indonesia, Nigeria and Ethiopia lagged somewhat behind, together comprising a further 22%.

What are the leading suppliers of brewing or distilling dregs and waste to Republic of Korea?

In value terms, the United States constituted the largest supplier of brewing dregs to South Korea, comprising 98% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 0.4% share of total imports.

What are the leading importers of brewing or distilling dregs and waste from Republic of Korea?

In value terms, Japan remains the key foreign market for brewing dregs exports from South Korea.

What is the average export price for brewing or distilling dregs and waste in Republic of Korea?

The average brewing dregs export price stood at $186 per ton in 2021, leveling off at the previous year.

What is the average import price for brewing or distilling dregs and waste in Republic of Korea?

The average brewing dregs import price stood at $221 per ton in 2021, almost unchanged from the previous year.

This report provides an in-depth analysis of the brewing dregs 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 11052000 - Brewing or distilling dregs and waste (excluding alcohol duty)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023