South Korea shows strong appetite for premium produce of Australia

Published Nov 1, 2021

Tridge summary

The article highlights the growing demand for premium Australian agricultural products in the Korean market, despite the COVID-19 pandemic. The preferences of Korean consumers towards high-quality, safe, and environmentally friendly food are on the rise. The demand includes meat, seafood, seasonal horticulture, wine, dairy, and processed food and beverage products. Tariff reductions under the Korea-Australia Free Trade Agreement have contributed to the steady growth in the value of Australian premium food exports to Korea. The article also discusses the increasing popularity of Australian wine, red meat, table grapes, citrus, western rock lobster, and organic and eco-friendly produce in the Korean market. It emphasizes the importance of Australian exporters to understand these consumer trends and the requirements of the Korea-Australia Free Trade Agreement to succeed in the Korean market.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

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