Price for Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea - 2022

Contents:

1. Price for Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea (CIF) - 2022
2. Price for Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea (FOB) - 2022
3. Imports of Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea
4. Exports of Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea

Price for Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea (CIF) - 2022

The average import price for nuts, edible; pistachios, fresh or dried, shelleds stood at $17,996 per ton in December 2022, rising by 10% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 33% month-to-month. As a result, import price attained the peak level of $20,127 per ton. From April 2022 to December 2022, the average import prices remained at a 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 Iran amounted to +14.7% per month.

Price for Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea (FOB) - 2022

In 2022, the average export price for nuts, edible; pistachios, fresh or dried, shelleds amounted to $19,434 per ton, standing approx. at the previous year. Overall, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 17%. The export price peaked at $39,131 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($35,015 per ton), while the average price for exports to Japan amounted to $13,200 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-9.1%), while the prices for the other major destinations experienced a decline.

Imports of Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea

For the fourth year in a row, South Korea recorded growth in overseas purchases of nuts, edible; pistachios, fresh or dried, shelleds, which increased by 1.8% to 308 tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 +64.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of nuts, edible; pistachios, fresh or dried, shelleds expanded slightly to $5.2M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Nuts, Edible; Pistachios, Fresh or Dried, Shelled to South Korea in 2022:

1. United States (301.9 tons)
2. Iran (5.1 tons)

Exports of Nuts, Edible; Pistachios, Fresh or Dried, Shelled in South Korea

For the fourth consecutive year, South Korea recorded growth in shipments abroad of nuts, edible; pistachios, fresh or dried, shelleds, which increased by 20% to 22 tons in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 97%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of nuts, edible; pistachios, fresh or dried, shelleds skyrocketed to $424K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 87% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Nuts, Edible; Pistachios, Fresh or Dried, Shelled from South Korea in 2022:

1. Japan (15.5 tons)
2. Taiwan (Chinese) (6.0 tons)

Source: IndexBox Market Intelligence Platform