Republic of Korea - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Salmon Price in South Korea - 2022
Contents:
- Preserved Salmon Price in South Korea (CIF) - 2022
- Preserved Salmon Price in South Korea (FOB) - 2022
- Preserved Salmon Imports in South Korea
- Preserved Salmon Exports in South Korea
Preserved Salmon Price in South Korea (CIF) - 2022
The average preserved salmon import price stood at $16,831 per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2020 when the average import price increased by 15% against the previous year. The import price peaked at $16,891 per ton in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($23,624 per ton), while the price for China ($5,638 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Salmon Price in South Korea (FOB) - 2022
The average preserved salmon export price stood at $9,472 per ton in 2022, with a decrease of -14.7% against the previous year. In general, the export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2021 an increase of 77%. Over the period under review, the average export prices attained the peak figure at $13,138 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($13,015 per ton), while the average price for exports to Taiwan (Chinese) ($6,455 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 Vietnam (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Salmon Imports in South Korea
In 2022, imports of salmon (prepared or preserved) into South Korea skyrocketed to 44 tons, with an increase of 19% against 2021. Over the period under review, imports, however, recorded a perceptible curtailment.
In value terms, preserved salmon imports surged to $744K in 2022. In general, imports continue to indicate a relatively flat trend pattern.
Import of Preserved Salmon in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 204 | 613 | 510 | 441 | 29.3% |
Norway | 404 | 25.5 | 1.2 | 178 | -23.9% |
China | 38.7 | 65.2 | 27.8 | 42.6 | 3.3% |
Thailand | 35.1 | 0.8 | 23.9 | 21.8 | -14.7% |
Sweden | 5.9 | 1.5 | 21.9 | 18.9 | 47.4% |
Netherlands | N/A | 122 | N/A | N/A | 0% |
Others | 49.4 | 33.8 | 42.1 | 42.0 | -5.3% |
Total | 736 | 862 | 627 | 744 | 0.4% |
Top Suppliers of Preserved Salmon to South Korea in 2022:
- Poland (23.0 tons)
- Norway (8.0 tons)
- China (7.6 tons)
- Thailand (2.0 tons)
- Sweden (1.8 tons)
Preserved Salmon Exports in South Korea
Preserved salmon exports from South Korea dropped significantly to 8.7 tons in 2022, shrinking by -29.1% on the previous year. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 169% against the previous year. As a result, the exports attained the peak of 12 tons, and then shrank sharply in the following year.
In value terms, preserved salmon exports reduced remarkably to $83K in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 376%. As a result, the exports reached the peak of $137K, and then dropped markedly in the following year.
Export of Preserved Salmon in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mongolia | 7.0 | 13.2 | 22.5 | 45.7 | 86.9% |
Hong Kong SAR | 2.9 | 2.7 | 15.4 | 20.2 | 91.0% |
Singapore | 0.5 | 1.1 | 8.9 | 11.7 | 186.0% |
Taiwan (Chinese) | N/A | N/A | 3.9 | 5.1 | 30.8% |
Thailand | N/A | N/A | 56.0 | N/A | 0% |
China | 7.0 | 10.6 | N/A | N/A | 51.4% |
Vietnam | N/A | N/A | 23.7 | N/A | 0% |
Guam | 21.8 | N/A | N/A | N/A | 0% |
Others | 2.7 | 1.1 | 6.3 | N/A | 52.8% |
Total | 41.9 | 28.7 | 137 | 82.7 | 25.4% |
Top Export Markets for Preserved Salmon from South Korea in 2022:
- Mongolia (4.9 tons)
- Hong Kong SAR (1.6 tons)
- Singapore (1.5 tons)
- Taiwan (Chinese) (0.8 tons)
This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, 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
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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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