Republic of Korea - Frozen Atlantic Halibut - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Atlantic Halibut Price in South Korea - 2022
Contents:
- Frozen Atlantic Halibut Price in South Korea (FOB) - 2022
- Frozen Atlantic Halibut Price in South Korea (CIF) - 2022
- Frozen Atlantic Halibut Exports in South Korea
- Frozen Atlantic Halibut Imports in South Korea
Frozen Atlantic Halibut Price in South Korea (FOB) - 2022
In 2022, the average frozen atlantic halibut export price amounted to $9,456 per ton, picking up by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($19,567 per ton), while the average price for exports to Oman ($4,721 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Atlantic Halibut Price in South Korea (CIF) - 2022
The average frozen atlantic halibut import price stood at $6,806 per ton in 2022, reducing by -5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2021 an increase of 20%. As a result, import price attained the peak level of $7,234 per ton, and then dropped 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 UK ($13,087 per ton), while the price for the United States ($3,068 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Atlantic Halibut Exports in South Korea
In 2022, exports of frozen atlantic halibut from South Korea shrank rapidly to 312 tons, reducing by -50.3% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 319% against the previous year. As a result, the exports attained the peak of 627 tons, and then shrank rapidly in the following year.
In value terms, frozen atlantic halibut exports contracted remarkably to $2.9M in 2022. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 490%. As a result, the exports attained the peak of $5M, and then dropped significantly in the following year.
| Export of Frozen Atlantic Halibut in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 7.4 | 19.7 | 330 | 1,130 | 434.5% |
| Canada | 171 | 129 | 193 | 610 | 52.8% |
| United States | 354 | 147 | 9.0 | 539 | 15.0% |
| China | 1,343 | 477 | 4,406 | 209 | -46.2% |
| Taiwan (Chinese) | 50.6 | 23.5 | 9.1 | 129 | 36.6% |
| Seychelles | 10.8 | 12.6 | 20.0 | 68.6 | 85.2% |
| Oman | 6.4 | 5.7 | 9.8 | 36.1 | 78.0% |
| Others | 76.0 | 40.0 | 67.9 | 229 | 44.4% |
| Total | 2,018 | 855 | 5,045 | 2,950 | 13.5% |
Top Export Markets for Frozen Atlantic Halibut from South Korea in 2022:
- Vietnam (106.4 tons)
- Canada (65.9 tons)
- United States (60.1 tons)
- China (22.0 tons)
- Taiwan (Chinese) (17.3 tons)
- Seychelles (11.8 tons)
- Oman (7.6 tons)
Frozen Atlantic Halibut Imports in South Korea
In 2022, the amount of frozen atlantic halibut imported into South Korea fell markedly to 395 tons, reducing by -39.4% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 492% against the previous year. As a result, imports attained the peak of 651 tons, and then shrank notably in the following year.
In value terms, frozen atlantic halibut imports fell rapidly to $2.7M in 2022. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 613%. As a result, imports attained the peak of $4.7M, and then shrank sharply in the following year.
| Import of Frozen Atlantic Halibut in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 917 | 168 | 2,966 | 1,378 | 14.5% |
| Canada | 681 | 247 | 732 | 364 | -18.8% |
| Spain | 353 | 138 | 440 | 236 | -12.6% |
| Germany | 3.3 | 0.4 | 103 | 159 | 263.9% |
| Greenland | 82.0 | 44.3 | 313 | 145 | 20.9% |
| United States | 52.4 | 52.5 | 22.0 | 143 | 39.7% |
| United Kingdom | N/A | N/A | N/A | 85.8 | 0% |
| Others | 26.4 | 10.0 | 135 | 176 | 88.2% |
| Total | 2,116 | 661 | 4,712 | 2,686 | 8.3% |
Top Suppliers of Frozen Atlantic Halibut to South Korea in 2022:
- Russia (170.2 tons)
- Canada (50.6 tons)
- United States (46.5 tons)
- Spain (33.6 tons)
- Germany (31.0 tons)
- Greenland (22.8 tons)
- United Kingdom (6.6 tons)
This report provides an in-depth analysis of the frozen atlantic halibut 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 2025.
Product coverage:
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
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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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