Republic of Korea: Market for Raspberries, Blackberries, Blueberries, and Cranberries 2024

Market Size for Raspberries, Blackberries, Blueberries, and Cranberries in Republic of Korea

After four years of growth, the South Korean market for raspberries, blackberries, blueberries, and cranberries decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a significant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then fell modestly in the following year.

Production of Raspberries, Blackberries, Blueberries, and Cranberries in Republic of Korea

In value terms, raspberry, blackberry, blueberry, and cranberry production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with a decrease of X% against the previous year. Raspberry, blackberry, blueberry, and cranberry production peaked in 2022 and is likely to see steady growth in the near future.

The average yield of raspberries, blackberries, blueberries, and cranberries in South Korea stood at less than X kg per ha in 2022, approximately mirroring the previous year. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The raspberry, blackberry, blueberry, and cranberry harvested area in South Korea amounted to less than X ha in 2022, approximately mirroring 2021. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Exports of Raspberries, Blackberries, Blueberries, and Cranberries

Exports from Republic of Korea

In 2022, after five years of growth, there was significant decline in shipments abroad of raspberries, blackberries, blueberries, and cranberries, when their volume decreased by X% to X tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, raspberry, blackberry, blueberry, and cranberry exports dropped dramatically to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for raspberry, blackberry, blueberry, and cranberry exports from South Korea, accounting for a X% share of total exports. Moreover, raspberry, blackberry, blueberry, and cranberry exports to Hong Kong SAR exceeded the volume sent to the second major destination, Kuwait (X tons), twofold. The third position in this ranking was taken by Vietnam (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Vietnam (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for raspberries, blackberries, blueberries, and cranberries exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average export price for raspberries, blackberries, blueberries, and cranberries amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate mild growth. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Vietnam ($X 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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raspberries, Blackberries, Blueberries, and Cranberries

Imports into Republic of Korea

In 2022, supplies from abroad of raspberries, blackberries, blueberries, and cranberries decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, raspberry, blackberry, blueberry, and cranberry imports declined slightly to $X in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of raspberry, blackberry, blueberry, and cranberry to South Korea, accounting for a X% share of total imports. Moreover, raspberry, blackberry, blueberry, and cranberry imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled X%.

In value terms, Chile ($X) constituted the largest supplier of raspberries, blackberries, blueberries, and cranberries to South Korea, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at X%.

Import Prices by Country

In 2022, the average import price for raspberries, blackberries, blueberries, and cranberries amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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