Watermelon Market Overview in Democratic People's Republic of Korea
In value terms, watermelon production surged to $ in 2019 estimated in export prices. Overall, the total production indicated a prominent increase from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The average yield of watermelons in Democratic People's Republic of Korea reached tonnes per ha in 2019, approximately mirroring 2018 figures. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the yield increased by % year-to-year. Over the period under review, the average watermelon yield attained the peak level at tonnes per ha in 2011; however, from 2012 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of watermelons production in Democratic People's Republic of Korea reduced modestly to ha, approximately mirroring 2018. In general, the harvested area saw a slight slump. The pace of growth was the most pronounced in 2012 with an increase of % y-o-y. The watermelon harvested area peaked at ha in 2008; however, from 2009 to 2019, the harvested area remained at a lower figure.
The size of the watermelon market in Democratic People's Republic of Korea stood at $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % y-o-y. Watermelon consumption peaked at $ in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.