Republic of Korea - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crab and Crab Meat in South Korea - 2022
Contents:
- Price for Crab and Crab Meat in South Korea (CIF) - 2022
- Price for Crab and Crab Meat in South Korea (FOB) - 2022
- Imports of Crab and Crab Meat in South Korea
- Exports of Crab and Crab Meat in South Korea
Price for Crab and Crab Meat in South Korea (CIF) - 2022
In December 2022, the average crab and crab meat import price amounted to $12,717 per ton, growing by 5.6% against the previous month. In general, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in March 2022 an increase of 30% against the previous month. The import price peaked at $16,639 per ton in January 2022; however, from February 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Russia ($25,538 per ton), while the price for China ($3,197 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 Tunisia (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crab and Crab Meat in South Korea (FOB) - 2022
The average crab and crab meat export price stood at $19,387 per ton in December 2022, with a decrease of -9.1% against the previous month. Over the period under review, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in January 2022 an increase of 48% month-to-month. As a result, the export price attained the peak level of $40,995 per ton. From February 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($40,930 per ton), while the average price for exports to China ($9,263 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 Japan (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Crab and Crab Meat in South Korea
Crab and crab meat imports into South Korea dropped notably to 8.3K tons in 2022, with a decrease of -82% compared with the year before. Overall, imports recorded a significant decline. The smallest decline of -5.6% was in 2020.
In value terms, crab and crab meat imports contracted significantly to $95M in 2022. In general, imports saw a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 9% against the previous year. As a result, imports attained the peak of $609M, and then dropped significantly in the following year.
| Import of Crab and Crab Meat in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.4 | 3.0 | 1.9 | 94.5 | 307.2% |
| Russia | 408 | 397 | 454 | N/A | 5.5% |
| China | 102 | 91.4 | 86.8 | N/A | -7.8% |
| Tunisia | 6.3 | 9.9 | 9.2 | N/A | 20.8% |
| Pakistan | 8.2 | 7.0 | 5.3 | N/A | -19.6% |
| Bahrain | 11.4 | 8.2 | 7.9 | N/A | -16.8% |
| Others | 41.7 | 42.2 | 44.5 | N/A | 3.3% |
| Total | 579 | 559 | 609 | 94.5 | -45.4% |
Top Suppliers of Crab and Crab Meat to South Korea in 2022:
- Myanmar (8.3K tons)
Exports of Crab and Crab Meat in South Korea
In 2022, exports of crabs and crab meat from South Korea fell to 3.7K tons, declining by -6% compared with the year before. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports reached the peak of 3.9K tons, and then declined in the following year.
In value terms, crab and crab meat exports fell slightly to $69M in 2022. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 8.7%.
| Export of Crab and Crab Meat in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 49.0 | 44.2 | 31.4 | 46.5 | -1.7% |
| United States | 7.9 | 3.1 | 8.0 | 8.4 | 2.1% |
| China | 0.5 | 3.1 | 12.6 | 6.9 | 139.9% |
| Japan | 4.3 | 4.0 | 3.3 | 2.9 | -12.3% |
| Australia | N/A | N/A | N/A | 0.6 | 0% |
| Taiwan (Chinese) | 5.7 | 4.9 | 3.8 | N/A | -18.4% |
| Others | 15.6 | 7.6 | 13.6 | 3.9 | -37.0% |
| Total | 83.0 | 66.9 | 72.7 | 69.2 | -5.9% |
Top Export Markets for Crab and Crab Meat from South Korea in 2022:
- Hong Kong SAR (1552.7 tons)
- China (1165.9 tons)
- Japan (418.8 tons)
- United States (406.7 tons)
- Australia (61.9 tons)
This report provides an in-depth analysis of the market for crab and crab meat 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:
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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