MSP Business environment

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1. MSP Business status

Potatoes are nutritious breeding crops. (10-fold increase -> 4-5 times increase) By applying the tissue culture technology owned by Dr. So Chang-ho, it can dominate the global market

Market size about 70 trillion KWR

Potatoes (rice, wheat, and maize) are the world's fourth-largest staple crops.

Easy to grow and short growing period. It contains less fertilizer and pesticides.

It uses less water than rice and wheat, and the production per unit area is 10 times that of rice and wheat and 4 times that of corn.

Infinite Competitiveness

The four major stock crops, rice, wheat, and corn are dominated by several multinational companies,
including Cargill, Monsanto, and Syngenta, but potatoes are not accessible by multinational companie

Shortage of supply

After 1 year, about 10%, after 4 years, about 50% decrease in production quantity

Potatoes have an effect of reducing production by about 10% per growth

2. Market Status of Edible Potatoes

Edible potato market Expansion of domestic and overseas markets

Global Market Size

- Growth Projection at an annual average of 11.5% - 3,800 Billion USD in 2007 → more than 5,500 Billion USD in 20 years

Korea Market Size

- Growth Projection at an annual average of 13.1% - 10 Billion USD in 2007 → 13 Billion USD in 2020 years

[Market Growth Ratio/Food Crops ‘2008 Plant Yearbook’]
[Export + Korea Market Size Prediction]
Source: FAO, Rural Development Administration, Statistics Korea

3. MSP Insufficient supply status

Seed potatoes are in short supply of 80millon USD in Korea.
The global supply shortage of more than 6,000 billion USD is intensifying .
For us, it is a seed business with guaranteed marketability.

Division Country Worldwide Republic of Korea North Korea China Russia USA Netherlands
potato cultivation area (ha) 19.0 M 25,000 200,000 4.7 M 3.3 M 500,000 170,000
단수 (Ton/ha) 16 25 11 15 11 41 45
Total Demand for Seed Potatoes (2 Ton/1ha) 38.0 M 50,000 400,000 9.4 M 6.6 M 1.0 M 340,000
Total market size Of Disease free MSP (2.0M KWR/Ton) 76.0 T 100.0 B 800.0 T 18.0 T 13.0 B 2.0 B 640.0 B
Supply Rate of Disease free MSP 10.0% 20.0% 11.0% 15.0% 11.0% 95.0% 95.0%
Additional supply of Disease free MSP 680.0 B 80.0 M 0.7 B 150.0 B 100.0 B 0.1 B 34.0 M
[ Reference: 2010 FAO Statistics ] Money unit: USD

4. Productivity and production of MSP in major countries

Ranking Country Cultivation area (1,000 ha) Productivity (Ton/ha) Production (1,000 Ton) Production rate (%)
world total 19,337 19.5 376,453 100.0
1 China 5,615 17.1 95,942 25.5
2 China 1,992 22.8 45,344 12.0
3 Russia 2,088 14.5 30,199 8.0
4 Ukraine 1,392 16.0 22,259 5.9
5 USA 426 46.6 19,844 5.3
6 Germany 243 39.8 9,670 2.6
7 Bangladesh 444 19.4 8,603 2.3
8 France 161 43.4 6,975 1.9
9 Netherlands 156 43.7 6,801 1.8
10 Poland 337 18.8 6,334 1.7
53 Republic of Korea 27 26.5 727 0.2
Source: FAO statistics (2017)

5. Seed market

Ranking Country Market size (Million USD) Ranking Country Market size (Million USD)
1 USA 12,000 16 Australia 400
2 China 9,950 17 Republic of Korea 400
3 France 2,800 18 Mexico 350
4 Brazil 2,625 19 Czech Republic 305
5 China 2,120 20 Hungary 300
6 Japan 2,000 21 Taiwan 300
7 Germany 1,350 22 Poland 280
8 Argentina 1,170 23 Sweden 250
9 Italy 990 24 Romania 220
10 Turkey 767 25 Denmark 218
11 Spain 750 26 Greece 200
12 Netherlands 590 27 Belgium 185
13 Russia 500 28 Finland 160
14 UK 450 29 Austria 145
15 South Africa 428 30 Egypt 140
Source: ISF (2017)