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The Koreans finally admit it! Local kimchi is too expensive, and Chinese kimchi is too delicious [with market analysis of agricultural product processing industry]

author:Qianzhan Network
The Koreans finally admit it! Local kimchi is too expensive, and Chinese kimchi is too delicious [with market analysis of agricultural product processing industry]

Source: Photo.com

In the first 11 months of this year, exports of kimchi amounted to $142 million, while imports reached $151 million, leaving a trade deficit of more than $8.8 million, according to data from the Korea Customs Administration.

In this regard, according to the overseas network citing South Korea's "JoongAng Daily", although the export volume of Korean kimchi will increase in 2023, in the competition of cost performance, Chinese kimchi is gradually gaining the upper hand. Korean media are worried that the kimchi trade deficit will further widen in the future.

Media analysis found that an important reason for the decline in the deficit was the continuous decline in the price of Chinese bubble menus, while its actual import volume increased by 9.5%. According to the report, not only do many Korean restaurants use Chinese kimchi to reduce costs, but the proportion of ordinary consumers buying Chinese kimchi is gradually increasing.

According to reports, Chinese kimchi ranks among the best in the search ranking of kimchi on Korean e-commerce platforms. In order to reduce the cost of food, Mr. Lee, a Korean office worker, said that he recently purchased a large amount of Chinese kimchi, which is less than half the price of Korean kimchi. Another consumer said that people tend to have stereotypes about Chinese kimchi, but it's one of the best kimchi I've ever had.

Kimchi is a vegetable that has been fermented for a long period of time. It is a processed product of vegetable lactic acid fermentation brewed in a low-concentration table salt solution. Commonly used raw materials are cucumbers, cabbage, Chinese cabbage, onions, celery, radish, carrots, turnips, beets, spring lettuce, ginger, lentils, sword beans, green tomatoes, etc. Kimchi can be found all over the world, and the flavor varies depending on the recipe.

The continent is an important supply base for vegetables in the world

According to the data released by the General Administration of Customs, the mainland is an important supply base for vegetables in the world, and the total import and export volume is increasing, of which the export volume is significantly greater than the import volume. In 2015, the total import and export volume of vegetables in mainland China was 13.806 billion US dollars, and by 2019, it reached 16.456 billion US dollars. The total import and export volume increased more significantly, from 10.4242 million tons in 2015 to 12.1336 million tons in 2019. From January to June 2020, the import and export volume and total import and export volume of vegetables in mainland China were 7.680 billion US dollars and 5.753 million tons, respectively.

The Koreans finally admit it! Local kimchi is too expensive, and Chinese kimchi is too delicious [with market analysis of agricultural product processing industry]

The scale of development of the national agricultural product processing industry

Agricultural product processing is a production activity that uses physical, chemical and biological methods to make the main and by-products of agriculture into various foods or other supplies. It is an important link for agricultural products to enter the field of consumption from the field of production. It mainly includes grain processing, feed processing, oil extraction, brewing, sugar making, tea making, flue-cured tobacco, fiber processing, and processing of fruits, vegetables, livestock products, aquatic products, etc.

The processing process and method of agricultural products vary according to the type of product and the consumption requirements. The processing of agricultural products can reduce the volume and weight of agricultural products, facilitate transportation, make perishable agricultural products non-perishable, ensure the same quality, and ensure market supply; It can also enable agricultural products to be comprehensively utilized, increase their value, and increase peasants' incomes.

According to the data of the Ministry of Agriculture and Rural Affairs, in 2021, the annual operating income of agricultural product processing enterprises above designated size in the country will be 18.1 trillion yuan, a year-on-year increase of 25.17%, of which the operating income of agricultural and sideline food processing industry will increase by 12.57% year-on-year, and it is expected that the operating income of agricultural product processing enterprises above designated size in mainland China will reach 2 billion yuan again in 2022.

The Koreans finally admit it! Local kimchi is too expensive, and Chinese kimchi is too delicious [with market analysis of agricultural product processing industry]

Zhang Xuewu, a deputy to the National People's Congress, pointed out that there is still a certain gap between the mainland's intensive processing industry of agricultural products and that of developed countries, and the post-harvest loss of agricultural products is still relatively large. In addition, there is a lack of cascade processing technology for agricultural products, insufficient intensive processing, key enzyme preparations and ingredients are still dependent on imports, more than 60% of the processing by-products have not been comprehensively utilized, and the added value of products is low. He said that affected by factors such as rising agricultural production costs and declining prices of agricultural products, it is increasingly difficult for farmers to increase their incomes, and it is imperative to transform and upgrade the agricultural product processing industry to intensive processing.

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