Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea - 2022
Contents:
- Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea (CIF) - 2022
- Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea (FOB) - 2022
- Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea
- Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea
Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea (CIF) - 2022
The average import price for nuts, edible; almonds, fresh or dried, shelleds stood at $5,170 per ton in December 2022, leveling off at the previous month. Overall, the import price showed a mild setback. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 3.9% month-to-month. Over the period under review, average import prices reached the peak figure at $6,418 per ton in January 2022; however, from February 2022 to December 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2021 to December 2022, the rate of growth in terms of prices for the United States amounted to -1.6% per month.
Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea (FOB) - 2022
In 2022, the average export price for nuts, edible; almonds, fresh or dried, shelleds amounted to $6,862 per ton, increasing by 33% against the previous year. Overall, the export price showed noticeable growth. The most prominent rate of growth was recorded in 2017 an increase of 36% against the previous year. As a result, the export price attained the peak level of $13,047 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($13,693 per ton), while the average price for exports to the United States ($4,828 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 Hong Kong SAR (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea
In 2022, purchases abroad of nuts, edible; almonds, fresh or dried, shelleds decreased by -34.6% to 25K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports reached the peak of 38K tons, and then contracted notably in the following year.
In value terms, imports of nuts, edible; almonds, fresh or dried, shelleds dropped rapidly to $143M in 2022. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 9.4%. As a result, imports reached the peak of $182M, and then dropped dramatically in the following year.
| Import of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 178 | 166 | 182 | 143 | -7.0% |
| Others | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Total | 178 | 167 | 182 | 143 | -7.0% |
Top Suppliers of Nuts, Edible; Almonds, Fresh or Dried, Shelled to South Korea in 2022:
- United States (24.8K tons)
Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea
In 2022, the amount of nuts, edible; almonds, fresh or dried, shelleds exported from South Korea shrank remarkably to 24 tons, with a decrease of -83% compared with the previous year. Overall, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 164%. As a result, the exports reached the peak of 141 tons, and then declined sharply in the following year.
In value terms, exports of nuts, edible; almonds, fresh or dried, shelleds fell notably to $164K in 2022. In general, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of $725K, and then dropped sharply in the following year.
| Export of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 115 | 115 | 139 | 47.6 | -25.5% |
| France | 88.9 | 59.6 | 61.6 | 32.4 | -28.6% |
| United States | 76.0 | 66.2 | 76.0 | 31.2 | -25.7% |
| Philippines | 38.3 | 23.5 | 15.0 | 19.7 | -19.9% |
| Singapore | 67.1 | 29.6 | 12.1 | 8.0 | -50.8% |
| United Kingdom | 85.9 | 59.6 | 33.0 | 5.6 | -59.8% |
| Malaysia | 2.3 | 38.9 | 11.5 | 4.7 | 26.9% |
| Mongolia | 3.2 | 3.8 | 20.9 | 3.8 | 5.9% |
| Hong Kong SAR | 62.1 | 38.3 | 6.0 | 0.3 | -83.1% |
| Oman | N/A | N/A | 45.0 | N/A | 0% |
| Turkey | N/A | N/A | 269 | N/A | 0% |
| Others | 92.7 | 68.9 | 36.4 | 10.9 | -51.0% |
| Total | 632 | 503 | 725 | 164 | -36.2% |
Top Export Markets for Nuts, Edible; Almonds, Fresh or Dried, Shelled from South Korea in 2022:
- Japan (9.1 tons)
- United States (6.5 tons)
- Philippines (3.0 tons)
- France (2.6 tons)
- Singapore (0.6 tons)
- Mongolia (0.5 tons)
- United Kingdom (0.3 tons)
- Malaysia (0.3 tons)
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