Report Update Nov 1, 2024

Republic of Korea - Dates - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Date Market 2024

Date Market Size in Republic of Korea

In 2022, after two years of growth, there was significant decline in the South Korean date market, when its value decreased by -15.7% to $X. Overall, consumption, however, continues to indicate significant growth. Date consumption peaked at $X in 2021, and then plummeted in the following year.

Date Exports

Exports from Republic of Korea

In 2022, approx. X tons of dates were exported from South Korea; falling by -14.7% against the year before. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 54% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, date exports contracted to $X in 2022. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X kg), Singapore (X kg) and Hong Kong SAR (X kg) were the main destinations of date exports from South Korea, together accounting for 54% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +92.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for dates exports from South Korea, comprising 43% of total exports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total exports. It was followed by Mongolia, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+54.6% per year) and Mongolia (+57.0% per year).

Export Prices by Country

The average date export price stood at $X per ton in 2022, increasing by 4.4% against the previous year. Over the period under review, the export price posted prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 153%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Mongolia (-6.3%), while the prices for the other major destinations experienced a decline.

Date Imports

Imports into Republic of Korea

In 2022, after two years of growth, there was significant decline in purchases abroad of dates, when their volume decreased by -15.7% to X tons. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 126%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, date imports shrank notably to $X in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 128% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of date to South Korea, accounting for a 54% share of total imports. Moreover, date imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), threefold. The third position in this ranking was taken by Iran (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+44.4% per year) and Iran (+43.7% per year).

In value terms, the largest date suppliers to South Korea were the United Arab Emirates ($X), Tunisia ($X) and Iran ($X), together comprising 82% of total imports. The United States and Saudi Arabia lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Saudi Arabia, with a CAGR of +62.0%, recorded 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 date import price stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced modestly 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 the United States ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.5%), 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 dates in the world?

The countries with the highest volumes of date consumption in 2021 were Egypt, Saudi Arabia and Iran, together accounting for 43% of global consumption. Algeria, Iraq, Pakistan, Sudan, India, Oman, the United Arab Emirates, Morocco, Tunisia and Libya lagged somewhat behind, together comprising a further 45%.

What are the largest producers of dates in the world?

The countries with the highest volumes of date production in 2021 were Egypt, Saudi Arabia and Iran, with a combined 48% share of global production. Algeria, Iraq, Pakistan, Sudan, Oman, the United Arab Emirates, Tunisia, Libya and China lagged somewhat behind, together accounting for a further 45%.

What are the leading suppliers of dates to Republic of Korea?

In value terms, the largest date suppliers to South Korea were the United Arab Emirates, Tunisia and Iran, together accounting for 70% of total imports. The United States, Algeria, Saudi Arabia and Egypt lagged somewhat behind, together accounting for a further 24%.

What are the leading importers of dates from Republic of Korea?

In value terms, Malaysia emerged as the key foreign market for date exports from South Korea, comprising 60% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 15% share of total exports. It was followed by Taiwan Chinese), with an 11% share.

What is the average export price for dates in Republic of Korea?

In 2021, the average date export price amounted to $1,460 per ton, shrinking by -30.1% against the previous year.

What is the average import price for dates in Republic of Korea?

The average date import price stood at $2,147 per ton in 2021, waning by -3.1% against the previous year.

This report provides an in-depth analysis of the date 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:

FCL 577 - Dates

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:

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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
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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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023