South Korea shows strong appetite for premium produce of Australia

South Korea

Australia

Published Nov 2, 2021

Tridge summary

orea is a mature, growing market for Australian agricultural producers and exporters of premium food products. Korean consumers are increasingly willing to pay premium prices for high-quality food and agricultural produce.

Australian exporters should engage with the preferences of Korean consumers to meet their growing demand for premium produce.

Original content

Korea is a mature, growing market for Australian agricultural producers and exporters of premium food products. Korean consumers are increasingly willing to pay premium prices for high-quality food and agricultural produce. Australian exporters should engage with the preferences of Korean consumers to meet their growing demand for premium produce. Korea is showing increasing interest in high-quality Australian produce including: meat (incl. fresh or chilled beef, veal, lamb) seafood (incl. salmon, rock lobster) seasonal horticulture (incl. table grapes, citrus, mangoes, cherries) wine dairy processed food and beverage products (incl. juices, muesli, confectionary, healthy snacks and premium carbonated beverages). The value of Australian premium food exports to Korea has grown steadily over the last 5 years. This is due to tariff reductions under the Korea-Australia Free Trade Agreement and strong demand for high-quality and safe premium food products. Figure 1. Australian premium ...

Source: Austrade

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