South Korea malt extract export quantities

The volume of malt extract sold by South Korea in 2020 was 36,758 metric tonnes. In 2019 South Korea sold 29,682 tonnes of malt extract. Across 2019 alone, the market for South Korea malt extract (processed category) has escalated, recording a change of 16.881 pc compared to the year 2018. Between 2017 and 2019, malt extract's exports went up by 66.99 percent earning the exporter US$64.05m for the year 2019. South Korea's malt extract exports are classified as:

  • Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)

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South Korea malt extract export values

In 2019, South Korea shipped malt extract costing 64.05m USD, a growth of 21.73% from 2018's total malt extract export of 52.616m USD. The yearly growth in value of South Korea malt extract between 2017 to 2018 was 34.861 per cent.

The per year variation in the volume of South Korea's malt extract exports between 2017 and 2019 was 66.99 pc when compared to a variation of 16.881% in the growth rate between 2018 and 2019.

South Korea's portion of the world's total malt extract's exports in 2019 was less than 1%. The country holds position 73 in world exports of malt extract.

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Export markets for South Korea malt extract ( in '000$ )

South Korea's top destinations for malt extract are Japan, US, Canada, Vietnam and Australia.

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South Korea purchased 19,677 tonnes of malt extract in 2019.