Report Update Nov 1, 2024

Republic of Korea - Roots and Tubers, nes - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Republic of Korea

In 2020, the South Korean roots and tubers, nes market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. In general, consumption, however, posted buoyant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2019, and then contracted in the following year.

Exports of Roots and Tubers, nes

Exports from Republic of Korea

After three years of growth, shipments abroad of roots and tubers, nes decreased by -X% to X tons in 2020. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, roots and tubers, nes exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X tons) was the main destination for roots and tubers, nes exports from South Korea, with a X% share of total exports. Moreover, roots and tubers, nes exports to the U.S. exceeded the volume sent to the second major destination, Canada (X kg), eightfold.

From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and Australia (+X% per year).

In value terms, the U.S. ($X) emerged as the key foreign market for roots and tubers, nes exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Canada (-X% per year).

Export Prices by Country

The average roots and tubers, nes export price stood at $X per ton in 2020, rising by X% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Imports of Roots and Tubers, nes

Imports into Republic of Korea

In 2020, roots and tubers, nes imports into South Korea declined to X tons, falling by -X% on the previous year. In general, imports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, roots and tubers, nes imports reduced to $X in 2020. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2019, and then fell in the following year.

Imports by Country

In 2020, China (X tons) was the main roots and tubers, nes supplier to South Korea, with a X% share of total imports. Moreover, roots and tubers, nes imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of roots and tubers, nes to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

The average roots and tubers, nes import price stood at $X per ton in 2020, waning by -X% against the previous year. Overall, import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, roots and tubers, nes import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Vietnam ($X per ton), while the price for China amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for roots and tubers, nes in the world?

Nigeria constituted the country with the largest volume of roots and tubers, nes consumption, accounting for 56% of total volume. Moreover, roots and tubers, nes consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, fivefold. Cote d'Ivoire ranked third in terms of total consumption with a 8.1% share.

What are the largest producers of roots and tubers, nes in the world?

Nigeria constituted the country with the largest volume of roots and tubers, nes production, accounting for 56% of total volume. Moreover, roots and tubers, nes production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana, fivefold. The third position in this ranking was occupied by Cote d'Ivoire, with a 8.1% share.

What are the leading suppliers of roots and tubers, nes to Republic of Korea?

In value terms, China constituted the largest supplier of roots and tubers, nes to South Korea, comprising 91% of total imports. The second position in the ranking was occupied by Vietnam, with a 8.2% share of total imports.

What are the leading importers of roots and tubers, nes from Republic of Korea?

In value terms, the U.S. emerged as the key foreign market for roots and tubers, nes exports from South Korea, comprising 45% of total exports. The second position in the ranking was occupied by Australia, with a 5.9% share of total exports.

What is the average export price for roots and tubers, nes in Republic of Korea?

The average roots and tubers, nes export price stood at $5,574 per ton in 2020, with an increase of 58% against the previous year.

What is the average import price for roots and tubers, nes in Republic of Korea?

In 2020, the average roots and tubers, nes import price amounted to $1,387 per ton, falling by -2.7% against the previous year.

This report provides an in-depth analysis of the market for roots and tubers, nes 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 2025.

Product coverage:

FCL 137 - Yams
FCL 136 - Taro (Cocoyam)
FCL 135 - Yautia (Cocoyam)
FCL 149 - Roots and tubers nes

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 2012–2023
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. 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, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023