Republic of Korea: Fruit Flour Market 2025

Fruit Flour Market Size in Republic of Korea

The South Korean fruit flour market reduced to $X in 2022, dropping by -12.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a notable increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Fruit Flour Exports

Exports from Republic of Korea

In 2022, approx. X tons of fruit flour were exported from South Korea; falling by -46.6% against the previous year's figure. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 145%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, fruit flour exports declined remarkably to $X in 2022. Over the period under review, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 148%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X kg) and Northern Mariana Islands (X kg) were the main destinations of fruit flour exports from South Korea, with a combined 77% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +38.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Northern Mariana Islands ($X) were the largest markets for fruit flour exported from South Korea worldwide, together accounting for 80% of total exports.

Among the main countries of destination, the United States, with a CAGR of +47.3%, recorded 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

In 2022, the average fruit flour export price amounted to $X per ton, rising by 45% against the previous year. Over the period under review, the export price showed a prominent increase. The growth pace was the most rapid in 2018 an increase of 143%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the Philippines ($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 Thailand (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Flour Imports

Imports into Republic of Korea

In 2022, overseas purchases of fruit flour decreased by -18% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, fruit flour imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of 102% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest supplier of fruit flour to South Korea, with a 80% share of total imports. Moreover, fruit flour imports from the Philippines exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. The third position in this ranking was held by Ecuador (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+35.5% per year) and Ecuador (+11.0% per year).

In value terms, the largest fruit flour suppliers to South Korea were the United States ($X), the Philippines ($X) and China ($X), with a combined 72% share of total imports. Poland and Ecuador lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Poland, with a CAGR of +72.8%, saw the highest rates of growth with regard to 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

In 2022, the average fruit flour import price amounted to $X per ton, picking up by 22% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 92%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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