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.

Korea’s juice market is dominated by large domestic manufacturers. Imports, while making up less than 15% of the market, are on the rise.

The jams, jellies and preserves market is growing steadily. Domestic manufacturers are expanding their market share by launching products targeted to Korean consumers’ needs.

Growth in e-commerce and meal delivery services have opened new sales channels for soft drinks.

Growth in the Home Meal Replacement (HMR) market and Korean consumer demand for more flavors have driven up imports of condiments and sauces.

Peanuts are popular in Korea and consumed in a variety of ways. Demand for peanuts and peanut butter is steady.

The cheese market is expected to continue to grow as cheese becomes increasingly integrated in Korea’s dietary culture.

Domestic honey production declined sharply in recent years due to climate change and insect damage.

The Korean the ice cream market totaled $1.3 billion in 2019, down 20% from 2016.

While chocolate is a popular snack in Korea, sales have stagnated. Confectioners have been introducing new products to meet customer’s changing demands.