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Korean fruit popular in Southeast Asian market

admin2 weeks ago (05-22)Marketing26
Korean grapes and strawberries are gaining popularity in Vietnam and other Southeast Asian countries…
Korean grapes and strawberries are gaining popularity in Vietnam and other Southeast Asian countries. The Ministry of Agriculture, Food and Rural Affairs and state-run Korea Agro-Fisheries & Food Trade Corp. (aT) reported grape exports of US$23 million last year, up by 64.2 percent over the previous year.

Shine Muscats accounted for 72.4 percent of all grape exports, followed by Geobong grapes (13.8 percent) and Campbell grapes (13.3 percent). It is seen as rather unusual that Shine Muscats, which cost at least $20 per bunch in South Korea, are popular in Southeast Asia considering income levels in the region.

Vietnam surpassed China and Hong Kong to become the largest importer of Korean grapes after increasing imports by 34.8 percent last year. “In Vietnam, 70 percent of Shine Muscats are used for ancestral rites and gifts,” said Hwang Eui-chang, head of the Korea Grape Export Association.“They celebrate the Lunar New Year just like us, during which grape exports jump.” First-grade Korean Shine Muscats cost 19,000 won (US$16) per kilogram. Second-grade Muscats cost 17,500 won. Despite their exorbitant price, Shine Muscats are popular in Vietnam for their taste.

Vietnam’s craze over its national football team coach Park Hang-seo is also prompting locals to take more interest in Korean grapes, which began to jump in popularity in 2018.

Korean strawberry exports to Vietnam also jumped last year, reaching $7 million, up by 90 percent since the previous year. Korean strawberries are basically monopolizing Vietnam, accounting for 99.4 percent of the local imported strawberries market.

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