Republic of Korea: Chili And Pepper Market 2025

Chili And Pepper Market Size in Republic of Korea

The South Korean chili and pepper market stood at $X in 2022, rising by 2.6% against the previous year. Over the period under review, consumption, however, showed a abrupt descent. Chili and pepper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Chili And Pepper Production in Republic of Korea

In value terms, chili and pepper production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 23%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of chilies and peppers (green) in South Korea stood at X tons per ha in 2022, standing approx. at the previous year's figure. The yield figure increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. The chili and pepper yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of chilies and peppers (green) in South Korea stood at X ha, picking up by 3.2% on 2021 figures. In general, the harvested area, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the harvested area increased by 6.7%. Over the period under review, the harvested area dedicated to chili and pepper production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Chili And Pepper Exports

Exports from Republic of Korea

For the third year in a row, South Korea recorded decline in overseas shipments of chilies and peppers (green), which decreased by -2.9% to X tons in 2022. In general, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 22% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, chili and pepper exports fell to $X in 2022. Over the period under review, exports showed a noticeable decline. The growth pace was the most rapid in 2016 with an increase of 9.5% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for chili and pepper exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to +2.4%.

In value terms, Japan ($X) also remains the key foreign market for chilies and peppers (green) exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to -2.2%.

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2022, shrinking by -9% against the previous year. Over the period under review, the export price saw a noticeable decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 -4.5% per year.

Chili And Pepper Imports

Imports into Republic of Korea

In 2022, chili and pepper imports into South Korea contracted to X tons, which is down by -6.1% compared with 2021 figures. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 50,375% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chili and pepper imports shrank to $X in 2022. Overall, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 46,646% 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, Japan (X tons) was the main chili and pepper supplier to South Korea, accounting for a 98% share of total imports. It was followed by China (X kg), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled -17.7%.

In value terms, Japan ($X) constituted the largest supplier of chilies and peppers (green) to South Korea, comprising 98% of total imports. The second position in the ranking was held by China ($X), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to -15.2%.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2022, picking up by 4.8% against the previous year. Over the period under review, the import price enjoyed a moderate increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Japan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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