CHINA January 2020
 
China imported over US$100 million worth of Korean instant noodles
 
In 2019, China’s imports of South Korean instant noodles have jumped 5-fold compared to 2014.
According to the Korea Trade-Investment Promotion Agency (KOTRA), China imported US$100 million worth of Korean instant noodles last year, up from US$15.1 million in 2014.
Among all instant noodles imported by China, 50?me from Korea at 40.2 billion packs in the January-September 2019 period, followed by Taiwan.
It was estimated that about 280 million packs of instant noodles are consumed daily in China, about 3 times higher than in Indonesia of around 90 million packs, according to KOTRA.
KOTRA disclosed that the market has expanded significantly due to the growing number of single-person households in China, demand for diversified, premium instant noodles and the activities of social media influencers.
It was reported that Korean firm, Samyang Foods’ spicy chicken noodles ranked among the top 10 products on e-commerce platform Taobao after being frequently featured on social media in China. Approximately 1.8 million packs of spicy chicken noodles are sold in China monthly, according to the company.
 

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