Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea - 2022

Contents:

  1. Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea (CIF) - 2022
  2. Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea (FOB) - 2022
  3. Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea
  4. Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea (CIF) - 2022

In 2022, the average import price for seed; sugar beet seed, of a kind used for sowing amounted to $89,250 per ton, growing by 142% against the previous year. In general, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 1,436%. As a result, import price reached the peak level of $194,021 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +46.9% per year.

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea (FOB) - 2022

The average export price for seed; sugar beet seed, of a kind used for sowing stood at $18,333 per ton in 2022, rising by 33% against the previous year. In general, the export price recorded a tangible increase. Over the period under review, the average export prices hit record highs at $35,714 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($26,000 per ton), while the average price for exports to Egypt totaled $3,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.2%).

Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea

After three years of growth, supplies from abroad of seed; sugar beet seed, of a kind used for sowing decreased by -91.2% to 20 kg in 2022. In general, imports faced a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of 227 kg, and then contracted notably in the following year.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing dropped rapidly to $1.8K in 2022. Over the period under review, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 5.9% against the previous year.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/AN/AN/A1.80%
United States3.14.35.0N/A27.0%
France3.23.53.3N/A1.6%
ItalyN/AN/AN/AN/A0%
Others1.10.10.1N/A-69.8%
Total7.57.98.41.8-37.9%

Top Suppliers of Seed; Sugar Beet Seed, of A Kind Used for Sowing to South Korea in 2022:

  1. Turkey (20.0 kg)

Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea

In 2022, after two years of decline, there was significant decline in overseas shipments of seed; sugar beet seed, of a kind used for sowing, when their volume decreased by -62.5% to 3 kg. Overall, exports saw a relatively flat trend pattern.

In value terms, exports of seed; sugar beet seed, of a kind used for sowing dropped remarkably to $55 in 2022. Over the period under review, exports, however, enjoyed a significant expansion.

Export of Seed; Sugar Beet Seed, of A Kind Used for Sowing in South Korea (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan3.0N/A84.052.0158.8%
Egypt2.0N/A23.03.014.5%
Timor-LesteN/AN/A1.0N/A0%
IndonesiaN/AN/A1.0N/A0%
South Africa1.0N/AN/AN/A0%
Others1.0N/A1.0N/A0.0%
Total7.0N/A11055.098.8%

Top Export Markets for Seed; Sugar Beet Seed, of A Kind Used for Sowing from South Korea in 2022:

  1. Japan (2.0 kg)
  2. Egypt (1.0 kg)

Source: IndexBox Market Intelligence Platform

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