Republic of Korea: Grape Market 2025

Grape Market Size in Republic of Korea

The South Korean grape market reached $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Grape Production in Republic of Korea

In value terms, grape production stood at $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of grapes in South Korea shrank modestly to X tons per ha in 2022, remaining relatively unchanged against the year before. Overall, the yield saw a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of 27%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the average grape 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, approx. X ha of grapes were harvested in South Korea; therefore, remained relatively stable against 2021. Over the period under review, the harvested area saw a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of 4%. Over the period under review, the harvested area dedicated to grape production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Grape Exports

Exports from Republic of Korea

After ten years of growth, shipments abroad of grapes decreased by -3% to X tons in 2022. Overall, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2019 with an increase of 45%. The exports peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, grape exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 66%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Vietnam (X tons), Hong Kong SAR (X tons) and the United States (X tons) were the main destinations of grape exports from South Korea, together comprising 61% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +50.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Hong Kong SAR ($X) and the United States ($X) were the largest markets for grape exported from South Korea worldwide, together comprising 60% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +76.0%, saw the highest rates of growth with regard to 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 grape export price amounted to $X per ton, waning by -8% against the previous year. Overall, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($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 China (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Imports

Imports into Republic of Korea

In 2022, purchases abroad of grapes decreased by -19.2% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports saw a pronounced contraction. The growth pace was the most rapid in 2018 when imports increased by 17% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, grape imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 27%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Peru (X tons) and the United States (X tons) were the main suppliers of grape imports to South Korea, with a combined 90% share of total imports. Australia lagged somewhat behind, comprising a further 9.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +122.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Peru ($X) and the United States ($X) were the largest grape suppliers to South Korea, together accounting for 88% of total imports. Australia lagged somewhat behind, comprising a further 12%.

Australia, with a CAGR of +130.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 grape import price amounted to $X per ton, increasing by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Peru ($X per ton), while the price for Chile ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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