Republic of Korea: Melon Seed Market 2025

Melon Seed Market Size in Republic of Korea

The South Korean melon seed market skyrocketed to $X in 2022, picking up by 1,928% against the previous year. In general, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Melon Seed Production in Republic of Korea

In value terms, melon seed production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Melon seed production peaked in 2022 and is likely to see gradual growth in the immediate term.

In 2022, the average melon seed yield in South Korea totaled less than X kg per ha, approximately reflecting 2021. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of melon seed were harvested in South Korea; therefore, remained relatively stable against the year before. In general, the harvested area recorded a relatively flat trend pattern.

Melon Seed Exports

Exports from Republic of Korea

In 2022, the amount of melon seed exported from South Korea expanded modestly to X kg, surging by 3.7% compared with the previous year's figure. Overall, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 620%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, melon seed exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 4,662% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Japan (X kg) was the main destination for melon seed exports from South Korea, accounting for a 48% share of total exports. Moreover, melon seed exports to Japan exceeded the volume sent to the second major destination, Algeria (X kg), threefold. The third position in this ranking was taken by China (X kg), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+17.1% per year) and China (+31.4% per year).

In value terms, Japan ($X) remains the key foreign market for melon seed exports from South Korea, comprising 85% of total exports. The second position in the ranking was taken by Algeria ($X), with a 2.4% share of total exports. It was followed by Russia, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+22.8% per year) and Russia (+205.4% per year).

Export Prices by Country

In 2022, the average melon seed export price amounted to $X per kg, growing by 61% against the previous year. Overall, the export price saw prominent growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 561%. As a result, the export price reached the peak level of $X per kg. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per kg), while the average price for exports to India ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+106.9%), while the prices for the other major destinations experienced more modest paces of growth.

Melon Seed Imports

Imports into Republic of Korea

In 2022, purchases abroad of melon seed decreased by -6.8% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 230%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, melon seed imports totaled $X in 2022. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 248%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of melon seed to South Korea, with a 53% share of total imports. Moreover, melon seed imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X kg), twofold. Myanmar (X kg) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to +105.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.4% per year) and Myanmar (+39.5% per year).

In value terms, the largest melon seed suppliers to South Korea were Thailand ($X), Myanmar ($X) and China ($X), together accounting for 75% of total imports. Japan, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further 24%.

Taiwan (Chinese), with a CAGR of +225.8%, saw 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

The average melon seed import price stood at $X per ton in 2022, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 54% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+99.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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