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South Korea imported a large number of 100,000 tons of Chinese chili sauce, breaking the record [with supply and demand analysis of China's chili industry]

author:Qianzhan Network
South Korea imported a large number of 100,000 tons of Chinese chili sauce, breaking the record [with supply and demand analysis of China's chili industry]

Source: Photo.com

According to CCTV News, affected by aging, the planting area of peppers in South Korea has declined this year, falling to a record low.

Due to its good quality and cost-effective price, Chinese chili powder is favored in South Korea, accounting for about 40% of the market. Not only chili powder, but also South Korea imported more than 100,000 tons of chili paste from China last year, a record high.

The Chinese chili sauce is affordable and easy to use, and it has attracted the attention of the Korean condiment industry.

According to a survey, many well-known food companies in South Korea use Chinese-made chili sauce and mixed seasoning powder as raw materials.

Thanks to the China-South Korea Free Trade Agreement, not only chili powder, South Korea imported more than 100,000 tons of chili paste from China last year, a record high. The Chinese chili sauce is affordable and easy to use, and it has attracted the attention of the Korean condiment industry. According to a survey, many well-known food companies in South Korea use Chinese-made chili paste and mixed seasoning powder as raw materials.

China is the world's largest producer of chili peppers

From 2014 to 2020, the global pepper planting area and output showed a year-on-year growth trend. In 2020, the global pepper planting area was 1.999 million hectares, a year-on-year increase of 0.4%; The output was 39.28 million tons, a year-on-year increase of 3.3%

According to FAO data, China is the world's largest producer of chili peppers. From 2014 to 2020, the planting area and output of pepper in mainland China increased year by year. In 2020, the planting area of pepper in mainland China was 814,000 hectares, a year-on-year increase of 1.9%; Production was 19.6 million tons, up 3.1% year-on-year.

South Korea imported a large number of 100,000 tons of Chinese chili sauce, breaking the record [with supply and demand analysis of China's chili industry]

The export volume and export value of mainland peppers are increasing year by year

From 2018 to 2020, the export volume and export value of mainland peppers increased year by year. In 2020, the export volume of mainland peppers was 112,400 tons, up 1.7% year-on-year; The export value was 105.97 million US dollars, an increase of 8.9% year-on-year.

South Korea imported a large number of 100,000 tons of Chinese chili sauce, breaking the record [with supply and demand analysis of China's chili industry]

Recently, Zou Xue, an academician of the Chinese Academy of Engineering, pointed out at the second China Digital Pepper Industry Development Conference that the importance of digital technology to the development of the pepper industry, such as the prevention and control of pepper pests and diseases, the integration of water and fertilizer, and precise seedling, can make the pepper more accurately obtain the conditions needed for its growth through digital technology, and effectively improve the yield and quality of pepper.

Prospective Economist APP Information Group

For more research and analysis of this industry, please refer to the "Production and Marketing Demand and Investment Forecast Analysis Report of China's Pepper Industry" by the Prospective Industry Research Institute

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