Report Update Nov 1, 2024

Republic of Korea - Meat Dishes - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Meat Dishes Market 2024

Meat Dishes Market Size in Republic of Korea

The South Korean meat dishes market fell to $X in 2022, stabilizing at the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Meat Dishes Production in Republic of Korea

In value terms, meat dishes production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 14%. Meat dishes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Meat Dishes Exports

Exports from Republic of Korea

After two years of growth, shipments abroad of meat dishes decreased by -21.3% to X tons in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 93% against the previous year. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, meat dishes exports fell rapidly to $X in 2022. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 100% against the previous year. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Myanmar (X tons) was the main destination for meat dishes exports from South Korea, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +652.2%.

In value terms, Myanmar ($X) emerged as the key foreign market for meat dishes exports from South Korea.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +691.5%.

Export Prices by Country

In 2022, the average meat dishes export price amounted to $X per ton, which is down by -11.1% against the previous year. Overall, the export price saw a slight slump. The growth pace was the most rapid in 2014 an increase of 8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.5% per year.

Meat Dishes Imports

Imports into Republic of Korea

In 2022, purchases abroad of meat dishes decreased by -33.2% to X tons, falling for the third year in a row after eight years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 13%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, meat dishes imports reduced dramatically to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -46.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 18%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Myanmar (X tons) was the main supplier of meat dishes to South Korea, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Myanmar was relatively modest.

In value terms, Myanmar ($X) constituted the largest supplier of meat dishes to South Korea.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar was relatively modest.

Import Prices by Country

The average meat dishes import price stood at $X per ton in 2022, declining by -11.3% against the previous year. In general, the import price, however, continues to indicate modest growth. The pace of growth was the most pronounced in 2014 an increase of 7.6% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for meat dishes in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 27% share of global consumption. These countries were followed by Japan, Nigeria, Pakistan, Indonesia, Germany, Russia, Brazil, Bangladesh, France and Ethiopia, which together accounted for a further 26%.

What are the largest producers of meat dishes in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 28% share of global production. Nigeria, Pakistan, Indonesia, Germany, Brazil, Russia, Bangladesh, Thailand, Japan and Ethiopia lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of meat dishes to Republic of Korea?

In value terms, Thailand, the United States and China were the largest meat dishes suppliers to South Korea, with a combined 93% share of total imports.

What are the leading importers of meat dishes from Republic of Korea?

In value terms, Hong Kong SAR, the United States and Japan appeared to be the largest markets for meat dishes exported from South Korea worldwide, together accounting for 58% of total exports. These countries were followed by Vietnam, Malaysia, the Philippines and Taiwan Chinese), which together accounted for a further 24%.

What is the average export price for meat dishes in Republic of Korea?

In 2021, the average meat dishes export price amounted to $5,109 per ton, growing by 2.1% against the previous year.

What is the average import price for meat dishes in Republic of Korea?

The average meat dishes import price stood at $4,370 per ton in 2021, rising by 3.2% against the previous year.

This report provides an in-depth analysis of the meat dishes 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:

Prodcom 10851100 - Prepared meals and dishes based on meat, meat offal or blood
Prodcom 100000Z1 - Prepared and preserved meat, meat offal or blood, including prepared meat and offal dishes
Prodcom 10131430 - Liver sausages and similar products and food preparations based thereon (excluding prepared meals and dishes)
Prodcom 10131460 - Sausages and similar products of meat, offal or blood and food preparations based thereon (excluding liver sausages and prepared meals and dishes)

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