Browse Data and Analysis

U.S. beef exports to East Asia in 2022 are again on record pace after a record year in 2021. Despite economic uncertainties due to the COVID-19 pandemic, continued global supply chain challenges, and a competitive global beef market, U.S. beef exports to East Asia, both in value and volume, were outstanding in the first half of 2022.

Reduced open field "Unshu" mandarin harvest in the southern part of Jeju Island will drive Korea's total citrus production down slightly in 2022/23. Overall fruit quality is expected to be above average following reduced rainfall during the growing period, with higher Brix and lower sourness levels.

The ongoing revival of South Korea’s food service sector strengthened consumer demand for beef and pork in 2022. This positive trend is expected to continue in 2023 as Korea’s hotel, restaurant, and institutional sectors gain momentum in a post-covid market.

Despite high domestic cattle and beef prices, Post forecasts Korea’s cattle calf crop to see its 3rd consecutive decline.

The Korean poultry market is expected to continue to expand in 2017, with increases in production and imports increasing to meet growing popularity of chicken products.

Despite challenging economic environment, the South Korean wine market continues to expand.

Hanjin Shipping, the largest shipping company in Korea (7st largest shipping company in the world), filed for court receivership on August 31, 2016. It is almost certain that difficulties with port...