South Korea's instant noodle exports hit record high of $100 million in April

Published May 20, 2024

Tridge summary

The article highlights a significant increase in the export value of instant noodles from Korea, with a 34.4% rise in the first four months compared to the previous year, totaling 378.86 million US dollars. This pace is likely to surpass 1.1 billion US dollars annually, setting a new record since 2023. The growing global popularity of Korean culture and the rise in prices driving demand for convenient food solutions, such as instant noodles, are key factors contributing to this trend. Samyang Foods' 'Turkey Noodles' series has been a notable contributor to this growth, with substantial increases in sales, particularly in the overseas market.

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

Original content

In the first four months of this year, the cumulative export value of instant noodles reached 378.86 million US dollars, an increase of 34.4% year-on-year. According to this trend, the annual export of instant noodles this year may exceed 1.1 billion US dollars, breaking the record again after 2023 (952.4 million US dollars). Against the background of the popularity of Korean pop singers, Korean movies and Korean dramas all over the world, the recognition of Korean instant noodles in the global market has increased accordingly. Some analysts also pointed out that under the influence of rising prices, the demand for "using instant noodles to solve a meal" has continued to rise, which has also driven the increase in sales. It is worth noting that Samyang Foods' "Turkey Noodles" series products account for a ...

Source: Foodmate