South korea agricultural situation l.jpg
This presentation is the property of its rightful owner.
Sponsored Links
1 / 17

South Korea: Agricultural Situation PowerPoint PPT Presentation


  • 68 Views
  • Uploaded on
  • Presentation posted in: General

South Korea: Agricultural Situation. October 22, 2009. Geography. Size roughly equal to the state of Indiana Only land border to the North; Surrounded by water on three sides Mountainous with no extensive plains; only 16.6% arable. Agricultural Production. Small farm size (3.7 ac)

Download Presentation

South Korea: Agricultural Situation

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


South korea agricultural situation l.jpg

South Korea: Agricultural Situation

October 22, 2009

Foreign Agricultural Service

Seoul, Korea


Geography l.jpg

Geography

  • Size roughly equal to the state of Indiana

  • Only land border to the North; Surrounded by water on three sides

  • Mountainous with no extensive plains; only 16.6% arable

Foreign Agricultural Service

Seoul, Korea


Agricultural production l.jpg

Agricultural Production

  • Small farm size (3.7 ac)

  • 1.2 mil farm households including 785,000 fulltime

  • Agriculture accounts for only 3.8% of GDP

  • Agricultural products: rice, root crops, barley, vegetables, fruit, cattle, pigs, chickens, milk, eggs and fish.

Foreign Agricultural Service

Seoul, Korea


Economy l.jpg

Economy

  • 2009 GDP could contract 2-3%

  • Exports: weak demand in major markets

  • Domestic Demand: weighed down by rising prices, fewer jobs, stock market volatility.

Exports

Main Pillar

of

Korean Economy

U.S. Recession &

Weaker Global

Conditions

Foreign Agricultural Service

Seoul, Korea


Economic performance l.jpg

Economic Performance

Foreign Agricultural Service

Seoul, Korea


Demographics l.jpg

Demographics

  • Homogeneous

  • 50 million people

  • Population growth rate declining

  • One of the world’s most densely populated countries

  • Rapid urbanization

  • ¼ Christian, ¼ Buddist, ½ non-affiliated

Foreign Agricultural Service

Seoul, Korea


Consumption l.jpg

Consumption

  • Increased affluence

  • More women in the workforce

  • Well-traveled younger generation

  • Increased demand for international flavors

  • More western style family restaurants

Foreign Agricultural Service

Seoul, Korea


Retail market structure l.jpg

Retail Market Structure

  • Food Sales

    • Traditional – 30.9%

    • Hypermarkets – 26.5%

    • On-line – 18.2%

    • Dept. Stores – 17.5%

  • On-line sales growing rapidly, 23.8% growth.

Foreign Agricultural Service

Seoul, Korea


Trade l.jpg

Trade

  • Top four trading partners: China, United States, Japan and Hong Kong

  • Major exports: semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships and petrochemicals.

Foreign Agricultural Service

Seoul, Korea


Slide10 l.jpg

Total Trade Vs. Agricultural TradeAgricultural Imports Represent 6% of Total Imports Agricultural Exports Represent 1% of Total Exports

Total Exports

Total Imports

Total Agriculture, Fishery and Forestry Imports

Foreign Agricultural Service

Seoul, Korea


Agriculture exports l.jpg

Agriculture: Exports

  • Main agricultural exports: leather, seafood, cigarettes, snack foods, noodles, beverages and kimchi.

  • In 2008, total value of ag exports $3.6 bil.

  • Represents 1% of total Korean exports.

Foreign Agricultural Service

Seoul, Korea


Agriculture imports l.jpg

Agriculture: Imports

  • In 2008, South Korea imported $24.4 billion worth of agricultural products

  • 28% from the U.S.

  • Main ag. imports: corn, wheat, hides, soybeans, hay, pork, beef and citrus

Foreign Agricultural Service

Seoul, Korea


Total agricultural imports bulk intermediate values up sharply in 2008 l.jpg

Total Agricultural ImportsBulk & intermediate values up sharply in 2008

Foreign Agricultural Service

Seoul, Korea


Agriculture market access l.jpg

Agriculture: Market Access

U.S. Export Successes:

Record $6.1 bil in ‘08

#3 Beef

#4 Consumer-Oriented ($1.5 bil in ’08)

#4 Cheese Market

#7 U.S. Rice Market

U.S. Export Challenges:

  • Biotech

    • Approvals

    • Documentation

    • Labeling

  • Children’s Food Act

    • No sale of high cal/low nutrition near schools

    • Ban on tar food colorings

  • Organic: ROK Accreditation 2011

Foreign Agricultural Service

Seoul, Korea


Agriculture market access15 l.jpg

Agriculture: Market Access

Korea-U.S. Free Trade Agreement

Two-thirds of U.S. farm products become duty free immediately.

American Farm Bureau Federation predicts agreement, once fully implemented, could provide $1.6 billion in additional U.S. ag exports.

Supported by more than 40 U.S. agricultural and food associations.

http://www.fas.usda.gov/itp/us-koreafta.asp

Foreign Agricultural Service

Seoul, Korea


Resources l.jpg

Resources

Attaché Reports at http://www.fas.usda.gov

Exporter Guide

Retail Food Sector Brief

Food and Agricultural Import Regulations (FAIRS)

Briefs on organic sector, seafood, fresh cherries, avocados, honey, grapefruit, nuts, wine, apples, tomatoes, grain, citrus, potatoes, dairy, beef, pork, chicken, planting seeds, grapes, asparagus, etc.

Foreign Agricultural Service

Seoul, Korea


Thanks l.jpg

Thanks!

www.FAS.USDA.gov

www.ATOSeoul.com

Foreign Agricultural Service

Seoul, Korea


  • Login