Earlier Report Observations
The South Korean market for legume bran, sharps and residues saw pronounced volatility from 2018 to 2023, characterized by rapid growth followed by a steep decline. Total market volume expanded from 344.5 tons to a peak of 572.2 tons in 2020, then contracted sharply to 50.5 tons by 2023.
This trajectory was primarily dictated by import volumes, which swung from 302.7 tons to a high of 577 tons before falling to just 6 tons. Domestic production remained relatively stable throughout the period, ranging between 41.8 and 50.2 tons annually and thus having a limited impact on the overall market size.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in South Korea
- 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, kg
- 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in South Korea
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production legume bran, sharps and residues in South Korea
In kind, 2017-2020, kg
Top producers of legume bran, sharps and residues, 2017-2020
World map of production of legume bran, sharps and residues, 2017-2020
South Korea's production of legume bran, sharps, and residues declined after two years of growth. In 2020, the country produced 48,240 kg, marking a modest 4.0% decrease from the previous year. Over the 2017-2020 period, production rose by 25.4%, with a compound annual growth rate of 7.8%. The highest production volume was recorded in 2019 at 50,230 kg, which also saw the largest annual increase of 20.2%.
Annual dynamics of production in South Korea in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 8.6% | 20.2% | (4.0%) | 7.8% |
Exports legume bran, sharps and residues from South Korea
Exports in kind, t
Annual dynamics of product's exports from South Korea in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
From 2017 to 2020, South Korea's exports of legume bran, sharps, and residues were almost entirely directed to Japan, which accounted for 100.0% of total exports in kind.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from South Korea in kind, 2017-2020
Exports in value, K $ US
Annual dynamics of product's exports from South Korea in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
During the 2017-2020 period, Japan continued to be the nearly exclusive buyer of legume bran, sharps, and residues from South Korea, representing 100.0% of total export value.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from South Korea in value, 2017-2020
Imports legume bran, sharps and residues to South Korea
Imports in kind, t
South Korea's imports of foreign legume bran, sharps, and residues increased for the third consecutive year. In 2020, imports reached 577.0 t, up 18.9% from 2019. Between 2017 and 2020, imports grew by 174.2%, translating to an annualized rate of 40.0%.
Annual dynamics of product's imports to South Korea in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 43.9% | 60.3% | 18.9% | 40.0% |
From 2017 to 2020, Ukraine and China dominated South Korea's imports of legume bran, sharps, and residues in kind, while other markets played a less significant role.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to South Korea in kind, 2017-2020
Imports in value, K $ US
South Korea's imports of legume bran, sharps, and residues in value terms rose for the third year in a row. In 2020, imports totaled 307.6 thousand US dollars, showing a strong 17.7% increase compared to 2019. Over the 2017-2020 span, imports surged by 821.5%, equivalent to an annualized growth rate of 109.6%.
Annual dynamics of product's imports to South Korea in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 165.3% | 195.1% | 17.7% | 109.6% |
Between 2017 and 2020, China was the dominant player in South Korea's import structure by value, absorbing 78.6% of total flows, with numerous smaller partners making up the remainder.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to South Korea in value, 2017-2020
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