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South Korea Food Import Status A Recap In 2022
Apr 07, 2023
South Korea's imported food market has been rapidly growing in recent years. The country has a highly developed and sophisticated food culture, and South Korean consumers are increasingly interested in trying and experimenting with new and different types of food from around the world. The imported food market in South Korea is diverse, with a wide range of products being imported from countries worldwide. Some of the most popular imported foods in South Korea include fruits, vegetables, dairy products, meat products, seafood, and beverages. The South Korean government has also been working to facilitate the growth of the country's imported food market by establishing regulations and standards to ensure the safety and quality of imported food products.Although there is a 1.5% decrease in import delcaration cases, the import volume and amount both increased. South Korea imported 2,330 food items from 166 countries, including the United States, China, and Australia. The total import volume was high at 19.5 million tons, representing a 3.0% increase from 18.94 million tons in 2021. Moreover, the imported food's value reached 38.95 billion USD, up 19.6% from 32.78 USD in 2021.
Insight into China Double 11 Shopping Festival 2022
Dec 02, 2022
This year, for the first time, China's E-commerce platforms didn't release their GMVs during the Double 11 Shopping Festival. Instead, at the midnight of November 11, Tmall announced that the GMV maintained stable over last year; JD stated it "exceeded the average growth of the industry"; Douyin and Kuaishou just reported the increase in the number of merchants and transactions.This phenomenon implies the market might have entered a relatively stable stage without fast-growing resources. E-commerce platforms might have extended their GMV-oriented focus to the long-term retention and conversion of core customers.
2022 China's 618 Shopping Festival Report
Dec 01, 2022
This year’s 618 shopping festival is described to be “the most difficult” and “the most quiet” by many merchants and consumers. Because of the epidemic rebound and the economic downturn, consumers didn’t have high consumption demand and brands also had less passion to take part in the marketing campaigns this year.Despite the murky business environment, e-commerce platforms still promoted various campaigns to build a panic buying atmosphere. Seeing the growth points in this shopping festival, some brands grabbed the opportunity and achieved good results.What is the new growth point this year? Who have achieved good growth? Is there any black horses this year? This report gives answers to these questions and unveils the performance about the 618 shopping festival in 2022.
Japan E-commerce Market Research Report
Dec 01, 2022
This report describes the Japanese E-commerce market and compares the E-commerce markets between Japan, the United States and China.
Health Functional Food Regulatory Requirements in South Korea
Nov 22, 2022
This report comprehensively introduces the health functional food requirements in South Korea, including ingredient compliance, labelling requirements, import procedure, etc.
Nuts in China: Market Status & Regulatory Requirements
Nov 17, 2022
This report introduces the market status of nuts sector in China and elaborates the regulatory compliance of exporting nuts to China.
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