Republic of Korea: Market for Non-Citrus Fruits Not Elsewhere Classified 2025

Market Size for Non-Citrus Fruits Not Elsewhere Classified in Republic of Korea

The South Korean market for non-citrus fruits not elsewhere classified reached $X in 2022, approximately equating the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -6.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Citrus Fruits Not Elsewhere Classified in Republic of Korea

In value terms, non-citrus fruits not elsewhere classified production rose to $X in 2022 estimated in export price. Overall, production showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 87%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Citrus Fruits Not Elsewhere Classified

Exports from Republic of Korea

In 2022, after two years of growth, there was significant decline in shipments abroad of non-citrus fruits not elsewhere classified, when their volume decreased by -45.1% to X tons. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 336%. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, non-citrus fruits not elsewhere classified exports plummeted to $X in 2022. In general, exports showed a mild decrease. The pace of growth was the most pronounced in 2019 when exports increased by 108%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), Guam (X tons) and France (X tons) were the main destinations of non-citrus fruits not elsewhere classified exports from South Korea, together accounting for 85% 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 France (with a CAGR of +4,222.0%), while the other leaders experienced more modest paces of growth.

In value terms, Guam ($X), Belgium ($X) and the United States ($X) were the largest markets for non-citrus fruits not elsewhere classified exported from South Korea worldwide, together accounting for 82% of total exports. Japan, France, Singapore and Russia lagged somewhat behind, together accounting for a further 14%.

France, with a CAGR of +2,267.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 export price for non-citrus fruits not elsewhere classified amounted to $X per ton, jumping by 34% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 when the average export price increased by 190% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 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 the United States ($X per ton), while the average price for exports to Russia ($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 Singapore (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Citrus Fruits Not Elsewhere Classified

Imports into Republic of Korea

After five years of growth, purchases abroad of non-citrus fruits not elsewhere classified decreased by -40% to X tons in 2022. Overall, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 56%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, non-citrus fruits not elsewhere classified imports dropped rapidly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 75%. Over the period under review, imports hit record highs at $X in 2021, and then fell dramatically in the following year.

Imports by Country

Vietnam (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of non-citrus fruits not elsewhere classified imports to South Korea, together accounting for 96% of total imports. China and Iran lagged somewhat behind, together comprising a further 2.8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +155.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and the United States ($X) were the largest non-citrus fruits not elsewhere classified suppliers to South Korea, together comprising 98% of total imports. China and Iran lagged somewhat behind, together comprising a further 1.4%.

In terms of the main suppliers, China, with a CAGR of +142.8%, recorded 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

The average import price for non-citrus fruits not elsewhere classified stood at $X per ton in 2022, which is down by -6.6% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 21%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped 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 the United States (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform