Republic of Korea - Chocolate Bars with Cereals, Fruit or Nuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cereal, Fruit or Nut Chocolate Bar in South Korea - 2022
Contents:
- Price for Cereal, Fruit or Nut Chocolate Bar in South Korea (CIF) - 2022
- Price for Cereal, Fruit or Nut Chocolate Bar in South Korea (FOB) - 2022
- Imports of Cereal, Fruit or Nut Chocolate Bar in South Korea
- Exports of Cereal, Fruit or Nut Chocolate Bar in South Korea
Price for Cereal, Fruit or Nut Chocolate Bar in South Korea (CIF) - 2022
In December 2022, the average import price for chocolate bars with cereals, fruit or nuts amounted to $8,468 per ton, rising by 8.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 11% m-o-m. Over the period under review, average import prices reached the peak figure in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was France ($14,391 per ton), while the price for Brazil ($1,707 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal, Fruit or Nut Chocolate Bar in South Korea (FOB) - 2022
The average export price for chocolate bars with cereals, fruit or nuts stood at $1,421 per ton in December 2022, rising by 10% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 13% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,478 per ton in December 2021; however, from January 2022 to December 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 Japan.
From December 2021 to December 2022, the rate of growth in terms of prices for Japan amounted to +0.3% per month.
Imports of Cereal, Fruit or Nut Chocolate Bar in South Korea
In 2022, the amount of chocolate bars with cereals, fruit or nuts imported into South Korea rose sharply to 7.5K tons, surging by 6.9% on 2021 figures. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of chocolate bars with cereals, fruit or nuts amounted to $58M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cereal, Fruit or Nut Chocolate Bar in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 14.3 | 14.7 | 13.9 | 15.1 | 1.8% |
| United States | 4.8 | 6.6 | 12.7 | 10.6 | 30.2% |
| Belgium | 5.1 | 4.1 | 5.2 | 8.8 | 19.9% |
| Germany | 1.5 | 2.7 | 3.5 | 4.3 | 42.1% |
| Thailand | 1.9 | 2.9 | 2.8 | 3.8 | 26.0% |
| Singapore | 1.4 | 1.7 | 2.2 | 2.8 | 26.0% |
| France | 4.2 | 3.5 | 4.1 | 1.7 | -26.0% |
| Brazil | 1.4 | 1.1 | 1.1 | 1.0 | -10.6% |
| Others | 9.1 | 10.5 | 8.3 | 9.8 | 2.5% |
| Total | 43.6 | 47.8 | 53.9 | 57.9 | 9.9% |
Top Suppliers of Cereal, Fruit or Nut Chocolate Bar to South Korea in 2022:
- Malaysia (1636.2 tons)
- Belgium (1188.0 tons)
- United States (892.5 tons)
- Singapore (793.1 tons)
- Brazil (604.6 tons)
- Thailand (545.5 tons)
- Germany (537.8 tons)
- France (130.2 tons)
Exports of Cereal, Fruit or Nut Chocolate Bar in South Korea
In 2022, approx. 33K tons of chocolate bars with cereals, fruit or nuts were exported from South Korea; with an increase of 7.7% compared with the year before. Over the period under review, exports saw a relatively flat trend pattern.
In value terms, exports of chocolate bars with cereals, fruit or nuts expanded sharply to $44M in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 8.7%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Cereal, Fruit or Nut Chocolate Bar in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 30.6 | 32.3 | 31.1 | 37.6 | 7.1% |
| Others | 7.4 | 8.9 | 9.8 | 6.1 | -6.2% |
| Total | 38.0 | 41.3 | 40.9 | 43.6 | 4.7% |
Top Export Markets for Cereal, Fruit or Nut Chocolate Bar from South Korea in 2022:
- Japan (32.0K tons)
This report provides an in-depth analysis of the market for cereal, fruit or nut chocolate bar 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 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
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
- 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 VOLUME AND VALUE
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
- 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
- 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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