Market research

Peaches and nectarines market in South Korea

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Between 2018 and 2023, South Korea's production of fresh peaches and nectarines fluctuated, starting at 206.9 thousand tons in 2018 and reaching a peak of 210.3 thousand tons in 2019. A significant drop followed in 2020, with output falling to 189.1 thousand tons, before a partial recovery stabilized volumes around 191 thousand tons in 2021 and 2022.

In 2023, production declined to 183.0 thousand tons. This decrease was driven by low-temperature damage and the spread of anthracnose, which reduced yields. Cultivation area for peaches also contracted by 1% that year.

Market developments in 2024 included the adoption of AI sorting machines for peaches, which enhanced quality control and reduced customer claims. The 'Yellow Dream' peach variety, first introduced in 2018, continued to expand its cultivation area. However, challenges such as anthracnose and variable weather conditions persisted.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in South Korea
  1. 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production peaches and nectarines in South Korea

In kind, 2017-2020, K t

Globally, South Korea ranked as the 12th largest producer of peaches and nectarines from 2017 to 2020.

Top producers of peaches and nectarines, 2017-2020

Source: SHEV.io

World map of production of peaches and nectarines, 2017-2020

Source: SHEV.io

In 2020, South Korea produced 189.1 thousand tons of peaches and nectarines, a decrease of 10.1% compared to the previous year. Over the period from 2017 to 2020, production fell by 14.9%, which translates to an annualized decline rate of 5.3%. The only increase during this time occurred in 2019, with a modest rise of 1.7%.

Annual dynamics of production in South Korea in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.9%)	1.7%	(10.1%)	(5.3%)

Source: SHEV.io

In value, 2017-2020, M $ US

Following a two-year decline, South Korea's production value for peaches and nectarines saw an upturn. In 2020, the output was valued at 1 049 million US dollars, marking a 2.3% increase from the previous year. However, from 2017 to 2020, the overall production value decreased by 12.4%, averaging an annualized drop of 4.3%. The lowest value was recorded in 2019 at 1 026 million US dollars, which also saw the largest decline of 11.7%.

Annual dynamics of production in South Korea in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.9%)	(11.7%)	2.3%	(4.3%)

Source: SHEV.io

Exports peaches and nectarines from South Korea

Exports in kind, t

After two consecutive years of growth, South Korea's volume of peaches and nectarines exports experienced a decline. In 2020, exports totaled 395.9 tons, down 16.1% from the year before. Despite this recent drop, exports increased by 35.4% overall from 2017 to 2020, with an annualized growth rate of 10.6%. The peak was reached in 2019 at 471.9 tons, which also saw the largest annual increase of 29.3%.

Annual dynamics of product's exports from South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	24.8%	29.3%	(16.1%)	10.6%

Source: SHEV.io

From 2017 to 2020, South Korea's exports of peaches and nectarines in kind were primarily directed towards Hong Kong and Singapore, which together accounted for 82.2% of total exports. Other destinations played a relatively minor role in the export structure.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from South Korea in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Following a two-year upward trend, the value of peaches and nectarines exports from South Korea declined. In 2020, exports amounted to 2 197 thousand US dollars, a slight decrease of 4.5% compared to the previous year. Over the 2017–2020 period, however, export value grew by 39.6%, with an annualized rate of 11.8%. The highest value was recorded in 2019 at 2 301 thousand US dollars, while the largest annual increase occurred in 2018 at 30.2%.

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	30.2%	12.3%	(4.5%)	11.8%

Source: SHEV.io

Between 2017 and 2020, Hong Kong and Singapore continued to be the primary buyers of peaches and nectarines from South Korea in value terms, jointly representing 82.4% of total exports. The remaining exports were distributed among various other countries, reflecting a fragmented market.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from South Korea in value, 2017-2020

Source: SHEV.io