Report Update Feb 1, 2025

Republic of Korea - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Poppy Seed Market 2025

Poppy Seed Market Size in Republic of Korea

For the third year in a row, the South Korean poppy seed market recorded growth in sales value, which increased by 36% to $X in 2022. Over the period under review, consumption posted strong growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Poppy Seed Exports

Exports from Republic of Korea

In 2013, approx. X tons of poppy seed were exported from South Korea; which is down by -92.1% compared with the year before. Overall, exports faced a precipitous setback. Over the period under review, the exports attained the maximum at X tons in 2012, and then declined markedly in the following year.

In value terms, poppy seed exports dropped dramatically to $X in 2013. Over the period under review, exports faced a sharp setback. Over the period under review, the exports reached the peak figure at $X in 2012, and then contracted remarkably in the following year.

Exports by Country

Belgium (X tons) was the main destination for poppy seed exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2013, the average annual growth rate of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for poppy seed exports from South Korea.

From 2012 to 2013, the average annual rate of growth in terms of value to Belgium was relatively modest.

Export Prices by Country

In 2013, the average poppy seed export price amounted to $X per ton, with an increase of 68% against the previous year. In general, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2013, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.

Poppy Seed Imports

Imports into Republic of Korea

In 2022, poppy seed imports into South Korea surged to X tons, jumping by 36% compared with 2021. In general, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 301% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, poppy seed imports soared to $X in 2022. Over the period under review, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 192%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest poppy seed supplier to South Korea, with a 86% share of total imports. Moreover, poppy seed imports from China exceeded the figures recorded by the second-largest supplier, Chile (X kg), eightfold. The third position in this ranking was taken by Italy (X kg), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+95.3% per year) and Italy (+15.2% per year).

In value terms, China ($X) constituted the largest supplier of poppy seed to South Korea, comprising 84% of total imports. The second position in the ranking was taken by Chile ($X), with a 10% share of total imports. It was followed by Italy, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+99.3% per year) and Italy (+8.8% per year).

Import Prices by Country

In 2022, the average poppy seed import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price faced a abrupt contraction. The growth pace was the most rapid in 2014 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poppy seed in the world?

The country with the largest volume of poppy seed consumption was Turkey, accounting for 22% of total volume. Moreover, poppy seed consumption in Turkey exceeded the figures recorded by the second-largest consumer, Germany, threefold. Poland ranked third in terms of total consumption with a 6.6% share.

What are the largest producers of poppy seed in the world?

The countries with the highest volumes of poppy seed production in 2020 were Turkey, the Czech Republic and Spain, together comprising 58% of global production. These countries were followed by Australia, China, France, Hungary, Croatia, Slovakia, Germany, Austria and Palestine, which together accounted for a further 36%.

What are the leading suppliers of poppy seed to Republic of Korea?

In value terms, China constituted the largest supplier of poppy seed to South Korea, comprising 83% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports.

What are the leading importers of poppy seed from Republic of Korea?

In value terms, India remains the key foreign market for poppy seed exports from South Korea.

What is the average export price for poppy seed in Republic of Korea?

The average poppy seed export price stood at $1,712 per ton in 2012, which is down by -11.6% against the previous year.

What is the average import price for poppy seed in Republic of Korea?

In 2020, the average poppy seed import price amounted to $7,189 per ton, growing by 1.9% against the previous year.

This report provides an in-depth analysis of the poppy seed market 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:

FCL 296 - Poppy seed

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024