Republic of Korea - Sweet Corn Frozen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Sweet Corn Price in South Korea - 2022
Contents:
- Frozen Sweet Corn Price in South Korea (CIF) - 2022
- Frozen Sweet Corn Price in South Korea (FOB) - 2022
- Frozen Sweet Corn Imports in South Korea
- Frozen Sweet Corn Exports in South Korea
Frozen Sweet Corn Price in South Korea (CIF) - 2022
The average frozen sweet corn import price stood at $1,605 per ton in 2022, reducing by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 14%. The import price peaked at $1,631 per ton in 2021, and then fell slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,920 per ton), while the price for China ($820 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Sweet Corn Price in South Korea (FOB) - 2022
In 2022, the average frozen sweet corn export price amounted to $4,028 per ton, growing by 75% against the previous year. Overall, the export price showed a modest expansion. The export price peaked at $5,873 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,104 per ton), while the average price for exports to the Philippines ($1,660 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.6%), while the prices for the other major destinations experienced a decline.
Frozen Sweet Corn Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in supplies from abroad of frozen sweet corn, which increased by 62% to 2K tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen sweet corn imports surged to $3.3M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Sweet Corn in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 501 | 742 | 544 | 1,607 | 47.5% |
| United States | 809 | 736 | 951 | 1,036 | 8.6% |
| Thailand | 88.8 | 157 | 257 | 224 | 36.1% |
| China | 105 | 69.0 | 129 | 166 | 16.5% |
| Netherlands | 6.6 | 35.3 | 44.8 | 96.8 | 144.8% |
| Spain | 5.3 | 43.9 | 33.1 | 56.0 | 119.4% |
| France | 102 | 80.2 | 61.6 | 55.6 | -18.3% |
| Others | 27.5 | 10.3 | 23.0 | 9.9 | -28.9% |
| Total | 1,645 | 1,874 | 2,044 | 3,250 | 25.5% |
Top Suppliers of Frozen Sweet Corn to South Korea in 2022:
- Vietnam (989.7 tons)
- United States (539.4 tons)
- China (202.2 tons)
- Thailand (166.1 tons)
- Netherlands (59.2 tons)
- Spain (38.3 tons)
- France (25.5 tons)
Frozen Sweet Corn Exports in South Korea
In 2022, exports of frozen sweet corn from South Korea contracted significantly to 6.8 tons, which is down by -71.3% against the previous year. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 2,254%. As a result, the exports reached the peak of 24 tons, and then declined dramatically in the following year.
In value terms, frozen sweet corn exports reduced sharply to $27K in 2022. Over the period under review, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 902% against the previous year. As a result, the exports attained the peak of $54K, and then shrank notably in the following year.
| Export of Frozen Sweet Corn in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.6 | N/A | 22.7 | 515.1% |
| Philippines | N/A | N/A | 1.6 | 3.2 | 100.0% |
| United Arab Emirates | 1.8 | 0.6 | 1.1 | 1.1 | -15.1% |
| China | 27.3 | N/A | 51.5 | 0.2 | -80.6% |
| Samoa | N/A | 3.3 | N/A | N/A | 0% |
| Others | 0.4 | 0.9 | N/A | N/A | 125.0% |
| Total | 29.6 | 5.4 | 54.2 | 27.2 | -2.8% |
Top Export Markets for Frozen Sweet Corn from South Korea in 2022:
- United States (4.5 tons)
- Philippines (2.0 tons)
- United Arab Emirates (0.3 tons)
- China (0.1 tons)
This report provides an in-depth analysis of the frozen sweet corn 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 447 - Sweet Corn, Frozen
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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