Republic of Korea - Guts, Bladders And Stomachs Of Animals - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Republic of Korea - Guts, Bladders And Stomachs Of Animals - Market Analysis, Forecast, Size, Trends And Insights

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Animal Guts Price in South Korea - 2022

Contents:

  1. Animal Guts Price in South Korea (CIF) - 2022
  2. Animal Guts Price in South Korea (FOB) - 2022
  3. Animal Guts Imports in South Korea
  4. Animal Guts Exports in South Korea

Animal Guts Price in South Korea (CIF) - 2022

In December 2022, the average animal guts import price amounted to $4,849 per ton, dropping by -1.7% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 15% against the previous month. Over the period under review, average import prices reached the maximum at $5,268 per ton in August 2022; however, from September 2022 to December 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,839 per ton), while the price for Brazil ($1,420 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Animal Guts Price in South Korea (FOB) - 2022

In 2022, the average animal guts export price amounted to $2,899 per ton, with a decrease of -24.6% against the previous year. Overall, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 145% against the previous year. As a result, the export price reached the peak level of $3,846 per ton, and then contracted significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Albania.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +6.1% per year.

Animal Guts Imports in South Korea

For the third year in a row, South Korea recorded decline in supplies from abroad of guts, bladders and stomachs of animals, which decreased by -5.4% to 26K tons in 2022. Over the period under review, imports continue to indicate a deep contraction. The smallest decline of -1.7% was in 2020.

In value terms, animal guts imports rose markedly to $122M in 2022. Overall, imports recorded a abrupt decline.

Import of Animal Guts in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States62.049.738.837.8-15.2%
Australia38.737.327.630.5-7.6%
Spain21.117.718.423.02.9%
New Zealand19.414.413.510.7-18.0%
Mexico3.56.14.64.710.3%
Netherlands1.50.90.84.342.1%
Chile3.13.64.23.0-1.1%
Germany4.64.10.20.2-64.8%
Others5.86.24.97.48.5%
Total160140113122-8.6%

Top Suppliers of Animal Guts to South Korea in 2022:

  1. Germany (undefinedK tons)
  2. Australia (8.5K tons)
  3. United States (6.0K tons)
  4. Spain (4.9K tons)
  5. New Zealand (1.8K tons)
  6. Netherlands (1.1K tons)
  7. Mexico (0.9K tons)
  8. Chile (0.7K tons)

Animal Guts Exports in South Korea

For the fourth consecutive year, South Korea recorded growth in shipments abroad of guts, bladders and stomachs of animals, which increased by 85% to 165 tons in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 271% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, animal guts exports skyrocketed to $478K in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 808% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Animal Guts in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AlbaniaN/AN/A34347538.5%
Vietnam13.9N/AN/AN/A0%
Lao People's Democratic Republic12.436.6N/AN/A195.2%
Others3.31.20.13.52.0%
Total29.637.8343478152.8%

Top Export Markets for Animal Guts from South Korea in 2022:

  1. Albania (163.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the animal guts market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10116030 - Guts, bladders and stomachs of animals, whole or in pieces (excluding fish)

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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