Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea - 2022

Contents:

  1. Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea (CIF) - 2022
  2. Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea (FOB) - 2022
  3. Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea
  4. Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea

Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea (CIF) - 2022

The average import price for fresh or chilled lettuce, other than cabbage lettuce stood at $881 per ton in 2022, surging by 10% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12%. Over the period under review, average import prices hit record highs at $1,008 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,322 per ton), while the price for China ($809 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea (FOB) - 2022

The average export price for fresh or chilled lettuce, other than cabbage lettuce stood at $1,579 per ton in 2022, which is down by -7.4% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 51%. Over the period under review, the average export prices reached the maximum at $5,484 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($20,179 per ton), while the average price for exports to Japan ($1,209 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 the United States (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea

After three years of growth, overseas purchases of fresh or chilled lettuce, other than cabbage lettuce decreased by -49.6% to 3.4K tons in 2022. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year.

In value terms, imports of fresh or chilled lettuce, other than cabbage lettuce shrank remarkably to $3M in 2022. Over the period under review, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 47%.

Import of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.73.53.41.8-12.6%
Taiwan (Chinese)0.10.30.60.9108.0%
United States0.50.91.00.3-15.7%
OthersN/A0.10.3N/A200.0%
Total3.34.95.33.0-3.1%

Top Suppliers of Fresh or Chilled Lettuce, Other than Cabbage Lettuce to South Korea in 2022:

  1. China (2188.0 tons)
  2. Taiwan (Chinese) (1052.8 tons)
  3. United States (109.8 tons)

Exports of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea

In 2022, approx. 888 tons of fresh or chilled lettuce, other than cabbage lettuce were exported from South Korea; increasing by 15% against 2021 figures. Over the period under review, exports, however, continue to indicate a deep setback.

In value terms, exports of fresh or chilled lettuce, other than cabbage lettuce expanded significantly to $1.4M in 2022. In general, exports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 10%.

Export of Fresh or Chilled Lettuce, Other than Cabbage Lettuce in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)8787175391,0566.3%
Australia12118921571.5-16.1%
Japan35.716.042759.618.6%
United States30489.23.51.4-83.4%
Others245186134214-4.4%
Total1,5831,1971,3181,402-4.0%

Top Export Markets for Fresh or Chilled Lettuce, Other than Cabbage Lettuce from South Korea in 2022:

  1. Taiwan (Chinese) (786.8 tons)
  2. Japan (49.3 tons)
  3. Australia (28.9 tons)
  4. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform

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