Republic of Korea: Cauliflower And Broccoli Market 2024

Cauliflower And Broccoli Market Size in Republic of Korea

In 2022, the South Korean cauliflower and broccoli market decreased by -4.9% to $X, falling for the third consecutive year after four years of growth. In general, consumption showed a perceptible decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cauliflower And Broccoli Production in Republic of Korea

In value terms, cauliflower and broccoli production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 7,883%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of cauliflower and broccoli in South Korea contracted to X tons per ha in 2022, remaining constant against the previous year. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 5.7%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average cauliflower and broccoli yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cauliflower and broccoli harvested area in South Korea amounted to X ha in 2022, therefore, remained relatively stable against the year before. In general, the harvested area saw a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 29%. Over the period under review, the harvested area dedicated to cauliflower and broccoli production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Cauliflower And Broccoli Exports

Exports from Republic of Korea

In 2022, exports of cauliflower and broccoli from South Korea skyrocketed to X tons, picking up by 239% against 2021 figures. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 5,079%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, cauliflower and broccoli exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 1,403% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for cauliflower and broccoli exports from South Korea, accounting for a 91% share of total exports. Moreover, cauliflower and broccoli exports to Russia exceeded the volume sent to the second major destination, Mongolia (X kg), tenfold.

From 2013 to 2022, the average annual growth rate of volume to Russia totaled +294.5%.

In value terms, Russia ($X) emerged as the key foreign market for cauliflower and broccoli exports from South Korea, comprising 93% of total exports. The second position in the ranking was held by Mongolia ($X), with a 7.2% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Russia totaled +302.5%.

Export Prices by Country

The average cauliflower and broccoli export price stood at $X per ton in 2022, shrinking by -30.4% against the previous year. Over the period under review, the export price showed a sharp shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 215%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Mongolia amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cauliflower And Broccoli Imports

Imports into Republic of Korea

In 2022, purchases abroad of cauliflower and broccoli decreased by -2.1% to X tons, falling for the third year in a row after four years of growth. Over the period under review, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by 16% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cauliflower and broccoli imports declined to $X in 2022. Overall, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 24% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main cauliflower and broccoli supplier to South Korea, with a 100% share of total imports. It was followed by the United States (X tons), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled -2.7%.

In value terms, China ($X) constituted the largest supplier of cauliflower and broccoli to South Korea, comprising 99% of total imports. The second position in the ranking was taken by the United States ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -3.9%.

Import Prices by Country

In 2022, the average cauliflower and broccoli import price amounted to $X per ton, waning by -3.1% against the previous year. Over the period under review, the import price showed a slight curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 7.1%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 United States ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%).

Source: IndexBox Platform

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