Curry Price in South Korea - 2022
Contents:
Curry Price in South Korea (FOB) - 2022
The average curry export price stood at $73 per ton in 2022, falling by -19.9% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2015 a decrease of -1% against the previous year. The export price peaked at $477 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to -16.6% per year.
Curry Exports in South Korea
Curry exports from South Korea surged to 93 tons in 2022, picking up by 24% compared with the previous year's figure. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, curry exports reduced modestly to $6.8K in 2022. In general, exports, however, showed a relatively flat trend pattern. The smallest decline of -0.9% was in 2020.
| Export of Curry in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 6.9 | 6.9 | 6.8 | 6.8 | -0.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.0 | 6.9 | 6.8 | 6.8 | -1.0% |
Top Export Markets for Curry from South Korea in 2022:
- Philippines (93.0 tons)
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