Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea - 2022
Contents:
- Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea (CIF) - 2022
- Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea (FOB) - 2022
- Imports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea
- Exports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea
Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea (CIF) - 2022
In December 2022, the average import price for vegetables, brassica; brussel sprouts, fresh or chilleds amounted to $5,300 per ton, with an increase of 8.6% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 when the average import price increased by 27% m-o-m. As a result, import price attained the peak level of $7,060 per ton. From May 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Belgium ($5,506 per ton), while the price for the United States totaled $4,727 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea (FOB) - 2022
The average export price for vegetables, brassica; brussel sprouts, fresh or chilleds stood at $1,560 per ton in 2022, declining by -7.4% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,604 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Arab Emirates ($2,356 per ton), while the average price for exports to Singapore amounted to $1,519 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+16.4%).
Imports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea
In 2022, after three years of growth, there was significant decline in purchases abroad of vegetables, brassica; brussel sprouts, fresh or chilleds, when their volume decreased by -19.3% to 220 tons. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year.
In value terms, imports of vegetables, brassica; brussel sprouts, fresh or chilleds contracted markedly to $1.3M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +60.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 50% against the previous year.
| Import of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 117 | 198 | 694 | 753 | 86.0% |
| Belgium | 220 | 341 | 300 | 316 | 12.8% |
| United States | N/A | N/A | N/A | 223 | 0% |
| Netherlands | 66.5 | 66.6 | 97.8 | 1.2 | -73.8% |
| Chile | N/A | 107 | N/A | N/A | 0% |
| China | 9.6 | 6.9 | 7.3 | N/A | -12.8% |
| Mexico | 39.6 | 84.5 | 76.5 | N/A | 39.0% |
| Others | 364 | 426 | 373 | 20.2 | -61.9% |
| Total | 817 | 1,230 | 1,548 | 1,313 | 17.1% |
Top Suppliers of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled to South Korea in 2022:
- Australia (109.5 tons)
- Belgium (60.4 tons)
- United States (46.9 tons)
- Netherlands (0.2 tons)
Exports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea
In 2022, the amount of vegetables, brassica; brussel sprouts, fresh or chilleds exported from South Korea surged to 16 tons, rising by 100% compared with the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 133%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of vegetables, brassica; brussel sprouts, fresh or chilleds skyrocketed to $26K in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 144%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.9 | 3.7 | 7.1 | 11.4 | 43.0% |
| Singapore | N/A | 1.8 | 3.3 | 3.0 | 29.1% |
| Thailand | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | 3.4 | 11.2 | 234.2% |
| Total | 4.4 | 5.7 | 13.9 | 25.7 | 80.1% |
Top Export Markets for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled from South Korea in 2022:
- United Arab Emirates (4.8 tons)
- Singapore (2.0 tons)
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