Republic of Korea - Fish Fillets In Batter Or Breadcrumbs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBattered Fish Fillet Price in South Korea - 2022
Contents:
- Battered Fish Fillet Price in South Korea (CIF) - 2022
- Battered Fish Fillet Price in South Korea (FOB) - 2022
- Battered Fish Fillet Imports in South Korea
- Battered Fish Fillet Exports in South Korea
Battered Fish Fillet Price in South Korea (CIF) - 2022
In December 2022, the average battered fish fillet import price amounted to $6,573 per ton, picking up by 11% against the previous month. In general, the import price showed a relatively flat trend pattern. The import price peaked at $6,801 per ton in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Vietnam ($8,351 per ton), while the price for China totaled $5,127 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.2%).
Battered Fish Fillet Price in South Korea (FOB) - 2022
In December 2022, the average battered fish fillet export price amounted to $13,601 per ton, increasing by 15% against the previous month. Over the period under review, export price indicated a tangible expansion from December 2021 to December 2022: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, battered fish fillet export price increased by +27.9% against September 2022 indices. The most prominent rate of growth was recorded in June 2022 an increase of 27% against the previous month. Over the period under review, the average export prices hit record highs at $16,441 per ton in August 2022; however, from September 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($21,190 per ton), while the average price for exports to China ($5,370 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Battered Fish Fillet Imports in South Korea
In 2022, the amount of fish fillets in batter or breadcrumbs imported into South Korea contracted slightly to 15K tons, declining by -2.8% against the year before. In general, imports saw a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 6% against the previous year.
In value terms, battered fish fillet imports totaled $91M in 2022. Overall, imports continue to indicate a noticeable downturn.
| Import of Battered Fish Fillet in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 55.8 | 45.3 | 41.4 | 44.8 | -7.1% |
| China | 47.1 | 44.4 | 47.3 | 44.2 | -2.1% |
| Others | 2.2 | 1.7 | 2.2 | 2.2 | 0.0% |
| Total | 105 | 91.4 | 90.9 | 91.2 | -4.6% |
Top Suppliers of Battered Fish Fillet to South Korea in 2022:
- China (9.1K tons)
- Vietnam (5.4K tons)
Battered Fish Fillet Exports in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of fish fillets in batter or breadcrumbs, when their volume decreased by -6.8% to 785 tons. The total export volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 842 tons, and then fell in the following year.
In value terms, battered fish fillet exports declined to $7.2M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $8.1M, and then contracted in the following year.
| Export of Battered Fish Fillet in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,155 | 2,822 | 3,991 | 2,474 | 4.7% |
| Japan | 2,165 | 1,505 | 1,662 | 2,042 | -1.9% |
| Canada | 371 | 477 | 851 | 648 | 20.4% |
| Hong Kong SAR | 346 | 371 | 464 | 503 | 13.3% |
| Australia | 169 | 261 | 235 | 301 | 21.2% |
| China | 488 | 197 | 48.2 | 244 | -20.6% |
| New Zealand | 29.9 | 29.0 | 38.1 | 186 | 83.9% |
| Vietnam | 163 | 126 | 187 | 185 | 4.3% |
| Mongolia | 55.7 | 65.3 | 51.1 | 58.5 | 1.6% |
| Russia | 51.3 | 60.9 | 30.7 | 33.0 | -13.7% |
| Others | 365 | 458 | 532 | 555 | 15.0% |
| Total | 6,358 | 6,372 | 8,090 | 7,231 | 4.4% |
Top Export Markets for Battered Fish Fillet from South Korea in 2022:
- United States (389.0 tons)
- Canada (76.4 tons)
- Japan (72.0 tons)
- Hong Kong SAR (42.0 tons)
- New Zealand (37.0 tons)
- China (29.2 tons)
- Russia (23.3 tons)
- Australia (21.1 tons)
- Vietnam (20.7 tons)
- Mongolia (11.4 tons)
This report provides an in-depth analysis of the battered fish fillet 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 10202570 - Fish fillets in batter or breadcrumbs including fish fingers (excluding prepared meals and dishes)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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