Report Update Nov 1, 2024

Republic of Korea - Peel of Citrus Fruit or Melons - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Republic of Korea

After six years of growth, the South Korean market for peel of citrus fruit or melons decreased by -7.6% to $X in 2021. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.6% against 2014 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Peel Of Citrus Fruit Or Melons in Republic of Korea

In value terms, citrus fruit or melons peel production contracted to $X in 2021 estimated in export price. Overall, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 25%. Citrus fruit or melons peel production peaked at $X in 2020, and then shrank in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Republic of Korea

Citrus fruit or melons peel exports from South Korea surged to X tons in 2021, with an increase of 252% on 2020 figures. Over the period under review, exports, however, faced a dramatic downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, citrus fruit or melons peel exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a sharp curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for citrus fruit or melons peel exports from South Korea, with a 87% share of total exports. Moreover, citrus fruit or melons peel exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +29.8%.

In value terms, the United States ($X) remains the key foreign market for peel of citrus fruit or melons exports from South Korea, comprising 86% of total exports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +36.9%.

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, waning by -29.2% against the previous year. In general, the export price, however, showed perceptible growth. The growth pace was the most rapid in 2016 when the average export price increased by 95%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped dramatically in the following year.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Republic of Korea

In 2021, overseas purchases of peel of citrus fruit or melons increased by 34% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 283% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, citrus fruit or melons peel imports surged to $X in 2021. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 215%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) was the main citrus fruit or melons peel supplier to South Korea, accounting for a 93% share of total imports. Moreover, citrus fruit or melons peel imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +20.9%.

In value terms, the largest citrus fruit or melons peel suppliers to South Korea were China ($X) and Spain ($X).

Spain, with a CAGR of +32.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, rising by 23% against the previous year. Overall, the import price, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 40%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peel of citrus fruit or melons in the world?

The countries with the highest volumes of citrus fruit or melons peel consumption in 2021 were China, the United States and India, with a combined 28% share of global consumption. These countries were followed by Japan, Pakistan, Brazil, Russia, Nigeria, Indonesia, Bangladesh, Germany, Italy and France, which together accounted for a further 27%.

What are the largest producers of peel of citrus fruit or melons in the world?

The countries with the highest volumes of citrus fruit or melons peel production in 2021 were China, the United States and India, with a combined 28% share of global production. These countries were followed by Japan, Pakistan, Brazil, Nigeria, Russia, Indonesia, Bangladesh, Italy, Germany and Mexico, which together accounted for a further 27%.

What are the leading suppliers of peel of citrus fruit or melons to Republic of Korea?

In value terms, China constituted the largest supplier of citrus fruit or melons peel to South Korea, comprising 60% of total imports. The second position in the ranking was occupied by Spain, with a 29% share of total imports.

What are the leading importers of peel of citrus fruit or melons from Republic of Korea?

In value terms, Japan emerged as the key foreign market for citrus fruit or melons peel exports from South Korea, comprising 82% of total exports. The second position in the ranking was occupied by the United States, with an 18% share of total exports.

What is the average export price for peel of citrus fruit or melons in Republic of Korea?

The average export price for peel of citrus fruit or melons stood at $5,348 per ton in 2021, waning by -59.8% against the previous year.

What is the average import price for peel of citrus fruit or melons in Republic of Korea?

In 2021, the average import price for peel of citrus fruit or melons amounted to $1,789 per ton, which is down by -3.4% against the previous year.

This report provides an in-depth analysis of the market for citrus fruit or melons peel 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:

Prodcom 10392410 - Peel of citrus fruit or melons, fresh, frozen, dried or provisionally preserved in brine, in sulphur water or in other preservative solutions

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023