Cereals; Barley, Seed Price in South Korea - 2022
Contents:
- Cereals; Barley, Seed Price in South Korea (FOB) - 2022
- Cereals; Barley, Seed Price in South Korea (CIF) - 2022
- Cereals; Barley, Seed Exports in South Korea
- Cereals; Barley, Seed Imports in South Korea
Cereals; Barley, Seed Price in South Korea (FOB) - 2022
In 2022, the average cereals; barley, seed export price amounted to $2,740 per ton, which is down by -1.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2013 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $2,980 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($4,927 per ton), while the average price for exports to China ($2,359 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 Japan (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Barley, Seed Price in South Korea (CIF) - 2022
In 2022, the average cereals; barley, seed import price amounted to $441 per ton, reducing by -39.6% against the previous year. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2015 an increase of 303%. The import price peaked at $4,646 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 ($2,388 per ton), while the price for Singapore ($241 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Barley, Seed Exports in South Korea
In 2022, cereals; barley, seed exports from South Korea surged to 16 tons, increasing by 21% on the previous year. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 111%. As a result, the exports reached the peak of 19 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; barley, seed exports skyrocketed to $45K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 146% against the previous year. As a result, the exports reached the peak of $52K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereals; Barley, Seed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.7 | 19.8 | 18.3 | 23.8 | 52.6% |
| Australia | 7.1 | 20.6 | 11.3 | 10.1 | 12.5% |
| United Kingdom | 2.5 | 6.6 | 3.8 | 4.9 | 25.1% |
| Germany | 0.9 | 1.3 | 2.1 | 2.7 | 44.2% |
| China | 1.8 | 1.4 | N/A | 1.3 | -10.3% |
| Others | 2.0 | 1.9 | 2.1 | 1.8 | -3.5% |
| Total | 21.0 | 51.6 | 37.6 | 44.6 | 28.5% |
Top Export Markets for Cereals; Barley, Seed from South Korea in 2022:
- United States (8.8 tons)
- Australia (3.3 tons)
- United Kingdom (2.1 tons)
- Germany (0.9 tons)
- China (0.6 tons)
Cereals; Barley, Seed Imports in South Korea
In 2022, the amount of cereals; barley, seeds imported into South Korea skyrocketed to 203 tons, growing by 52% compared with 2021 figures. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, cereals; barley, seed imports shrank to $90K in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $98K, and then contracted in the following year.
| Import of Cereals; Barley, Seed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.2 | 20.0 | 19.5 | 44.2 | 504.6% |
| United States | 0.9 | 26.9 | 16.0 | 41.6 | 258.9% |
| Japan | N/A | 28.2 | 60.2 | N/A | 113.5% |
| Canada | 66.8 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 6.5 | 2.2 | 4.0 | 242.0% |
| Total | 68.0 | 81.6 | 97.9 | 89.7 | 9.7% |
Top Suppliers of Cereals; Barley, Seed to South Korea in 2022:
- Singapore (182.9 tons)
- United States (17.4 tons)
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