Republic of Korea - Fresh Or Chilled Hams, Shoulders And Cuts Of Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Pork Cut Price in South Korea - 2022
Contents:
- Fresh Pork Cut Price in South Korea (CIF) - 2022
- Fresh Pork Cut Price in South Korea (FOB) - 2022
- Fresh Pork Cut Imports in South Korea
- Fresh Pork Cut Exports in South Korea
Fresh Pork Cut Price in South Korea (CIF) - 2022
The average fresh pork cut import price stood at $2,963 per ton in 2022, almost unchanged from the previous year. In general, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 60%. As a result, import price reached the peak level of $3,006 per ton, and then contracted modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($20,857 per ton), while the price for Ireland ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+75.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Fresh Pork Cut Price in South Korea (FOB) - 2022
In 2022, the average fresh pork cut export price amounted to $5,313 per ton, declining by -2.4% against the previous year. In general, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 37%. As a result, the export price attained the peak level of $8,246 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2018 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -12.3% per year.
Fresh Pork Cut Imports in South Korea
For the third year in a row, South Korea recorded decline in purchases abroad of fresh or chilled hams, shoulders and cuts of pig meat, which decreased by -37% to 823 tons in 2022. In general, imports faced a precipitous slump. The smallest decline of -22.2% was in 2020.
In value terms, fresh pork cut imports declined rapidly to $2.4M in 2022. Overall, imports saw a dramatic descent. The smallest decline of -36.2% was in 2020.
| Import of Fresh Pork Cut in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | 3.0 | N/A | 182 | 678.9% | |
| United States | 10.0 | N/A | 146 | 282.1% | |
| Canada | 173 | N/A | 18.0 | -67.7% | |
| Portugal | N/A | N/A | 2.0 | 0% | |
| Ireland | N/A | N/A | 1.0 | 0% | |
| Malaysia | 1.0 | N/A | N/A | 0% | |
| Denmark | 436 | N/A | N/A | 0% | |
| Italy | 8.0 | N/A | N/A | 0% | |
| Brazil | 1.0 | N/A | N/A | 0% | |
| Others | 10,522,259 | 3,925,301 | 2,437,501 | -51.9% | |
| Total | 10,522,891 | 3,925,301 | 2,437,850 | -51.9% | |
Top Suppliers of Fresh Pork Cut to South Korea in 2022:
Fresh Pork Cut Exports in South Korea
Fresh pork cut exports from South Korea skyrocketed to 2.9 tons in 2022, increasing by 464% compared with the previous year's figure. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 982%. As a result, the exports reached the peak of 3.7 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, fresh pork cut exports soared to $15K in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 508%. As a result, the exports reached the peak of $17K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Fresh Pork Cut in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Hong Kong SAR | N/A | N/A | 8.6 | 0% | |
| Ethiopia | 17.2 | N/A | N/A | 0% | |
| Others | N/A | 2.8 | 6.7 | 139.3% | |
| Total | 17.2 | 2.8 | 15.3 | -5.7% | |
Top Export Markets for Fresh Pork Cut from South Korea in 2022:
- Hong Kong SAR (1.9 tons)
This report provides an in-depth analysis of the fresh pork cut 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 10111250 - Fresh or chilled hams, shoulders and cuts thereof with bone in, of pig meat (including fresh meat packed with salt as a temporary preservative)
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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