Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea - 2022
Contents:
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea (FOB) - 2022
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea (CIF) - 2022
- Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea
- Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea (FOB) - 2022
The average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds stood at $7,582 per ton in December 2022, shrinking by -30.8% against the previous month. Over the period under review, the export price showed a sharp slump. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 60% month-to-month. Over the period under review, the average export prices attained the peak figure at $116K per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -20.3% per month.
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea (CIF) - 2022
In December 2022, the average import price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $9,167 per ton, shrinking by -8.3% against the previous month. Overall, the import price faced a abrupt setback. The most prominent rate of growth was recorded in April 2022 an increase of 27% month-to-month. The import price peaked at $86,744 per ton in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($100K per ton), while the price for Mexico ($4,966 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 Vietnam (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea
In 2022, approx. 230 tons of aquatic invertebrates; sea cucumbers, prepared or preserveds were exported from South Korea; increasing by 47% against 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 155% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds surged to $31M in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 145% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 8.1 | 20.2 | 29.8 | 134.9% |
| Hong Kong SAR | 1.1 | 0.1 | 0.1 | 1.1 | 0.0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 3.5 | 8.3 | 20.3 | 30.9 | 106.7% |
Top Export Markets for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved from South Korea in 2022:
- China (226.4 tons)
- Hong Kong SAR (2.5 tons)
Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea
Imports of aquatic invertebrates; sea cucumbers, prepared or preserveds into South Korea skyrocketed to 1.3K tons in 2022, increasing by 776% on 2021. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of aquatic invertebrates; sea cucumbers, prepared or preserveds skyrocketed to $23M in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | 0.1 | N/A | 10.3 | 914.9% |
| Vietnam | 1.4 | 2.0 | 3.6 | 5.7 | 59.7% |
| Philippines | 4.0 | 3.1 | 3.4 | 3.8 | -1.7% |
| United States | 1.5 | 1.6 | 1.4 | 1.8 | 6.3% |
| Indonesia | 1.7 | 1.7 | 1.0 | 0.9 | -19.1% |
| Russia | 0.9 | 0.8 | 0.6 | N/A | -18.4% |
| Others | 1.5 | 1.4 | 1.8 | 0.7 | -22.4% |
| Total | 11.0 | 10.8 | 11.9 | 23.3 | 28.4% |
Top Suppliers of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved to South Korea in 2022:
- Mexico (1137.6 tons)
- Vietnam (82.7 tons)
- Philippines (40.2 tons)
- United States (21.6 tons)
- Indonesia (15.0 tons)
- Russia (1.1 tons)
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