Republic of Korea - Mackerel (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Mackerel Price in South Korea - 2022
Contents:
- Preserved Mackerel Price in South Korea (CIF) - 2022
- Preserved Mackerel Price in South Korea (FOB) - 2022
- Preserved Mackerel Imports in South Korea
- Preserved Mackerel Exports in South Korea
Preserved Mackerel Price in South Korea (CIF) - 2022
In December 2022, the average preserved mackerel import price amounted to $3,360 per ton, which is down by -27.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 107% month-to-month. Over the period under review, average import prices hit record highs at $7,808 per ton in September 2022; however, from October 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($8,766 per ton), while the price for Vietnam ($3,154 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 China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Mackerel Price in South Korea (FOB) - 2022
In 2022, the average preserved mackerel export price amounted to $4,023 per ton, declining by -17.3% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved mackerel export price increased by +46.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 36% against the previous year. The export price peaked at $4,865 per ton in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($7,776 per ton), while the average price for exports to Japan ($2,683 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 Malaysia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Mackerel Imports in South Korea
In 2022, approx. 566 tons of mackerel (prepared or preserved) were imported into South Korea; which is down by -4.4% compared with 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. As a result, imports reached the peak of 592 tons, and then dropped modestly in the following year.
In value terms, preserved mackerel imports reduced modestly to $2.3M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 7.5%. As a result, imports attained the peak of $2.4M, and then dropped slightly in the following year.
Import of Preserved Mackerel in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 950 | 1,090 | 797 | 895 | -2.0% |
China | 533 | 390 | 1,026 | 832 | 16.0% |
Thailand | 622 | 452 | 381 | 461 | -9.5% |
Sweden | 113 | 87.6 | 74.7 | 87.1 | -8.3% |
Others | 16.1 | 236 | 145 | 65.3 | 59.5% |
Total | 2,233 | 2,256 | 2,424 | 2,340 | 1.6% |
Top Suppliers of Preserved Mackerel to South Korea in 2022:
- Vietnam (308.2 tons)
- Thailand (141.8 tons)
- China (100.8 tons)
- Sweden (10.5 tons)
Preserved Mackerel Exports in South Korea
Preserved mackerel exports from South Korea skyrocketed to 309 tons in 2022, with an increase of 107% on the year before. Over the period under review, exports, however, recorded a abrupt downturn.
In value terms, preserved mackerel exports skyrocketed to $1.2M in 2022. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 75%. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Preserved Mackerel in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 216 | 922 | 391 | 512 | 33.3% |
Japan | 388 | 33.1 | 4.0 | 182 | -22.3% |
Philippines | 58.9 | 90.8 | 55.5 | 72.5 | 7.2% |
Australia | 28.2 | 103 | 52.5 | 68.8 | 34.6% |
Vietnam | 58.3 | 51.3 | 28.8 | 51.0 | -4.4% |
Malaysia | 36.1 | 55.0 | 19.9 | 38.2 | 1.9% |
China | 19.3 | 106 | 7.2 | 37.9 | 25.2% |
Canada | 28.2 | 52.1 | 22.8 | 35.2 | 7.7% |
Germany | 8.8 | 11.2 | 20.4 | 26.8 | 44.9% |
Mongolia | 35.0 | 26.1 | 9.5 | 26.1 | -9.3% |
Ukraine | 37.2 | N/A | N/A | N/A | 0% |
Others | 91.3 | 310 | 117 | 194 | 28.6% |
Total | 1,005 | 1,760 | 728 | 1,244 | 7.4% |
Top Export Markets for Preserved Mackerel from South Korea in 2022:
- United States (128.0 tons)
- Japan (67.8 tons)
- Philippines (22.4 tons)
- Australia (13.9 tons)
- Canada (12.1 tons)
- Vietnam (8.3 tons)
- Germany (8.3 tons)
- China (7.7 tons)
- Mongolia (6.7 tons)
- Malaysia (4.9 tons)
This report provides an in-depth analysis of the preserved mackerel 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 10202550 - Prepared or preserved mackerel, whole or in pieces (excluding minced products and 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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