Republic of Korea - Caviar (Salmon) And Caviar Substitutes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Caviar (Salmon) and Caviar Substitutes in South Korea - 2022
Contents:
- Price for Caviar (Salmon) and Caviar Substitutes in South Korea (CIF) - 2022
- Price for Caviar (Salmon) and Caviar Substitutes in South Korea (FOB) - 2022
- Imports of Caviar (Salmon) and Caviar Substitutes in South Korea
- Exports of Caviar (Salmon) and Caviar Substitutes in South Korea
Price for Caviar (Salmon) and Caviar Substitutes in South Korea (CIF) - 2022
The average import price for caviar (salmon) and caviar substitutes stood at $20,259 per ton in December 2022, increasing by 19% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 27% against the previous month. The import price peaked at $22,746 per ton in October 2022; however, from November 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($74,547 per ton), while the price for Norway ($11,795 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 the UK (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Caviar (Salmon) and Caviar Substitutes in South Korea (FOB) - 2022
The average export price for caviar (salmon) and caviar substitutes stood at $19,936 per ton in December 2022, with a decrease of -7.6% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average export price increased by 82% month-to-month. The export price peaked at $21,577 per ton in November 2022, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($25,782 per ton), while the average price for exports to Japan ($10,593 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Caviar (Salmon) and Caviar Substitutes in South Korea
In 2022, the amount of caviar (salmon) and caviar substitutes imported into South Korea plummeted to 2.3K tons, reducing by -20.6% against 2021 figures. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of 2.9K tons, and then dropped dramatically in the following year.
In value terms, caviar (salmon) and caviar substitutes imports contracted sharply to $32M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 68%. As a result, imports attained the peak of $40M, and then dropped markedly in the following year.
| Import of Caviar (Salmon) and Caviar Substitutes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 6.6 | 7.1 | 11.2 | 8.9 | 10.5% |
| Norway | 4.6 | 8.3 | 9.8 | 7.8 | 19.2% |
| Iceland | 6.3 | 1.3 | 7.7 | 6.1 | -1.1% |
| Peru | 3.4 | 1.5 | 3.8 | 3.1 | -3.0% |
| Denmark | N/A | 1.3 | 2.4 | 1.9 | 20.9% |
| Thailand | 0.8 | 1.3 | 1.6 | 1.2 | 14.5% |
| United Kingdom | 0.6 | 1.1 | 1.3 | 1.1 | 22.4% |
| Others | 1.3 | 1.8 | 2.1 | 1.7 | 9.4% |
| Total | 23.6 | 23.7 | 39.9 | 31.8 | 10.5% |
Top Suppliers of Caviar (Salmon) and Caviar Substitutes to South Korea in 2022:
- Norway (834.5 tons)
- Iceland (482.5 tons)
- Peru (287.6 tons)
- Denmark (239.3 tons)
- Indonesia (202.7 tons)
- United Kingdom (130.7 tons)
- Thailand (108.0 tons)
Exports of Caviar (Salmon) and Caviar Substitutes in South Korea
After three years of growth, shipments abroad of caviar (salmon) and caviar substitutes decreased by -14% to 430 tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, the exports reached the peak of 500 tons, and then fell in the following year.
In value terms, caviar (salmon) and caviar substitutes exports declined notably to $6.7M in 2022. Over the period under review, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 77% against the previous year. As a result, the exports attained the peak of $8.6M, and then dropped sharply in the following year.
| Export of Caviar (Salmon) and Caviar Substitutes in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,302 | 1,810 | 4,807 | 3,604 | 40.4% |
| Germany | 1,548 | 1,391 | 2,461 | 1,845 | 6.0% |
| Japan | 1,145 | 785 | 443 | 584 | -20.1% |
| Canada | 154 | 132 | 293 | 220 | 12.6% |
| China | 348 | 8.1 | 108 | 114 | -31.1% |
| Thailand | 23.2 | 327 | 82.6 | 106 | 65.9% |
| Others | 173 | 377 | 364 | 221 | 8.5% |
| Total | 4,694 | 4,830 | 8,558 | 6,694 | 12.6% |
Top Export Markets for Caviar (Salmon) and Caviar Substitutes from South Korea in 2022:
- United States (214.8 tons)
- Germany (97.6 tons)
- Japan (59.4 tons)
- China (19.7 tons)
- Canada (12.5 tons)
- Thailand (11.7 tons)
This report provides an in-depth analysis of the market for caviar (salmon) and caviar substitutes 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 10202660 - Caviar substitutes
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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