Republic of Korea: Market for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes 2024

Market Size for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Republic of Korea

The South Korean market for citrus fruit jams, marmalades, jellies, purees or pastes expanded to $X in 2022, rising by 2.2% against the previous year. In general, consumption, however, posted resilient growth. Citrus fruit jams and marmalades consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Republic of Korea

In value terms, citrus fruit jams and marmalades production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 85%. Citrus fruit jams and marmalades production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Exports from Republic of Korea

In 2022, shipments abroad of citrus fruit jams, marmalades, jellies, purees or pastes increased by 86% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a notable increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,085%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, citrus fruit jams and marmalades exports surged to $X in 2022. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,327% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for citrus fruit jams and marmalades exports from South Korea, with a 56% share of total exports. Moreover, citrus fruit jams and marmalades exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.5% per year) and Taiwan (Chinese) (+3.5% per year).

In value terms, the largest markets for citrus fruit jams and marmalades exported from South Korea were Japan ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 85% share of total exports. Hong Kong SAR, Russia, Australia, Thailand and France lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Thailand, with a CAGR of +36.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for citrus fruit jams, marmalades, jellies, purees or pastes stood at $X per ton in 2022, increasing by 15% against the previous year. Over the period under review, the export price enjoyed a notable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 129% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Imports into Republic of Korea

After three years of decline, supplies from abroad of citrus fruit jams, marmalades, jellies, purees or pastes increased by 34% to X tons in 2022. Overall, imports continue to indicate a tangible increase. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, citrus fruit jams and marmalades imports soared to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Poland (X tons) and France (X tons) were the main suppliers of citrus fruit jams and marmalades imports to South Korea, together comprising 57% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +128.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Italy ($X) appeared to be the largest citrus fruit jams and marmalades suppliers to South Korea, with a combined 55% share of total imports. The UK, Poland, China and Austria lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Poland, with a CAGR of +131.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for citrus fruit jams, marmalades, jellies, purees or pastes stood at $X per ton in 2022, declining by -1.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2021 an increase of 22%. As a result, import price reached the peak level of $X per ton, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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