Import market for Fresh Onion in South Korea (6월, 2022)
Analyze import volumes, pricing trends, and supplier performance to uncover critical insights into market dynamics and growth opportunities for Fresh Onion in South Korea. We also examine the roles of various stakeholders and how market conditions influence your business.
Market events
(6월 2022)
2022년 6월 24일
The South Korean government is taking steps to stabilize the onion supply and demand due to recent instability. To this end, Minister of Agriculture, Food and Rural Affairs Jeong Hwang-geun has visited a local distribution center operated by Southwest Jeolla Vegetable Agricultural Cooperatives in Muan-gun, Jeollanam-do. The government plans to release around 20,000 tons of onions from its stockpiles, currently at 9,200 tons, to the market by the end of June. This move is aimed at addressing the potential supply and demand issues in the latter half of the year and ensuring that onion prices do not rise significantly during the harvest season, which could discourage production and consumption.
Import prices of Fresh Onion in South Korea (6월 2022)
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Scatter chart
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Avg price
0.44 USD/kg
Min price
0.19 USD/kg
Max price
0.62 USD/kg
Trade price data based on the transaction information reported on Bill of Lading (B/L) documents and through customs (Maximum data collection period: from 2021-12-31 to 2022-06-30).
Import volumes of Fresh Onion in South Korea by company (6월 2022)
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Bar chart
Bar chart
Trade volume data for the top 10 importing companies based on the transaction information reported on Bill of Lading (B/L) documents and through customs (Maximum data collection period: from 2021-12-31 to 2022-06-30).
Import price distributions of Fresh Onion to South Korea by company (6월 2022)
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Box Plot Chart
Box Plot Chart
Trade price data for the top 10 importing companies based on the transaction information reported on Bill of Lading (B/L) documents and through customs (Maximum data collection period: from 2021-12-31 to 2022-06-30).
Import prices of Fresh Onion to South Korea by company (6월 2022)
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M******
Avg price
0.51 USD/kg
Min price
0.36 USD/kg
Max price
0.62 USD/kg
G******
Avg price
0.37 USD/kg
Min price
0.36 USD/kg
Max price
0.39 USD/kg
A******
Avg price
0.47 USD/kg
Min price
0.38 USD/kg
Max price
0.51 USD/kg
J******
Avg price
0.48 USD/kg
Min price
0.39 USD/kg
Max price
0.61 USD/kg
Trade price data for the top 10 importing companies based on the transaction information reported on Bill of Lading (B/L) documents and through customs (Maximum data collection period: from 2021-12-31 to 2022-06-30).
Export volumes of Fresh Onion to South Korea by company (6월 2022)
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Bar chart
Bar chart
Trade volume data for the top 10 exporting companies based on the transaction information reported on Bill of Lading (B/L) documents and through customs (Maximum data collection period: from 2021-12-31 to 2022-06-30).
Export price distributions of Fresh Onion to South Korea by company (6월 2022)
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Box Plot Chart
Box Plot Chart
Trade price data for the top 10 exporting companies based on the transaction information reported on Bill of Lading (B/L) documents and through customs (Maximum data collection period: from 2021-12-31 to 2022-06-30).
Export prices of Fresh Onion to South Korea by company (6월 2022)
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Scatter chart
Scatter chart
Hide outlier
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A******
Avg price
0.37 USD/kg
Min price
0.36 USD/kg
Max price
0.39 USD/kg
W******
Avg price
0.48 USD/kg
Min price
0.38 USD/kg
Max price
0.61 USD/kg
G******
Avg price
0.49 USD/kg
Min price
0.37 USD/kg
Max price
0.60 USD/kg
Q******
Avg price
0.34 USD/kg
Min price
0.19 USD/kg
Max price
0.51 USD/kg
U******
Avg price
0.38 USD/kg
Min price
0.37 USD/kg
Max price
0.39 USD/kg
Trade price data for the top 10 exporting companies based on the transaction information reported on Bill of Lading (B/L) documents and through customs (Maximum data collection period: from 2021-12-31 to 2022-06-30).
Export values of HS Code 070310 to South Korea by country (6월 2022)
Bar chart
Bar chart
2020
2020
Trade price data for the top 10 exporting countries based on HS Code: 070310, derived from UN Comtrade and each country’s official Customs database.
Countries competing with South Korea for imports for HS Code 070310 (6월 2022)
2020
2020
Rank of competitive importing countries by trade value. The values are the sums of imports from countries trading with South Korea, not the total import values per country.
* South Korea’s trade value is 11,144,485 USD.
1st
Japan
97,865,815 USD
2nd
Germany
96,969,776 USD
3rd
Malaysia
90,493,010 USD
4th
United Kingdom
69,422,212 USD
5th
Belgium
54,820,982 USD
6th
Indonesia
45,609,369 USD
7th
Senegal
37,146,683 USD
8th
Poland
33,547,326 USD
9th
Ivory Coast
29,623,247 USD
10th
Russia
27,789,370 USD
Exporters
Importers
Trade price data for the top 10 competing importing countries based on HS Code: 070310, derived from UN Comtrade and each country’s official Customs database.
Representative domestic price trend for Fresh Onion category in South Korea (6월 2022)
Line Chart
Line Chart
Change rate for the previous 4 weeks
2022-05-23 - 2022-06-26
-34.89%
Change rate for the previous 12 weeks
2022-03-28 - 2022-06-26
-96.25%
Avg price
2021-06-21 - 2022-06-26
740.90 KRW/1 kg
Avg price of previous year
2020-06-22 - 2021-06-27
1,177.69 KRW/1 kg
Highest YoY change rate
2022-06-13 - 2022-06-19
+73.94%
Lowest YoY change rate
2021-03-15 - 2021-03-21
-138.76%
Domestic price data for selected attributes among domestic prices sourced globally by Tridge (Maximum data collection period: from 2021-12-31 to 2022-06-30).
Domestic prices for key specifications of Fresh Onion category in South Korea (6월 2022)
Variety: 3
Name
Name
Average unit price
Average unit price
Early Varieties
88.64 KRW/KG
Unspecified
1091.91 KRW/KG
Red Onion
381.75 KRW/KG
Processed Style: 1
Name
Name
Average unit price
Average unit price
Stored
72.62 KRW/KG
Form & Cut: 1
Name
Name
Average unit price
Average unit price
Peeled
673.63 KRW/KG
Domestic price data for selected attributes among domestic prices sourced globally by Tridge (Maximum data collection period: from 2021-12-31 to 2022-06-30).
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