Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in South Korea - 2022
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (CIF) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (FOB) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (CIF) - 2022
The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $5,659 per ton in 2022, dropping by -12.6% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 59%. The import price peaked at $22,455 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($11,122 per ton), while the price for China amounted to $4,328 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (FOB) - 2022
The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $14,634 per ton in 2022, increasing by 40% against the previous year. Overall, the export price saw strong growth. The growth pace was the most rapid in 2018 when the average export price increased by 112%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($16,676 per ton), while the average price for exports to Vietnam ($7,756 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 Myanmar (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea
In 2022, overseas purchases of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -68.4% to 17 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 70%. As a result, imports attained the peak of 54 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s declined markedly to $94K in 2022. Over the period under review, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $339K, and then fell dramatically in the following year.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 170 | 219 | 159 | 57.6 | -30.3% |
| Thailand | N/A | N/A | 176 | 35.5 | -79.8% |
| Others | 36.4 | 0.7 | 3.7 | 0.6 | -74.6% |
| Total | 207 | 219 | 339 | 93.7 | -23.2% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to South Korea in 2022:
- China (13.3 tons)
- Thailand (3.2 tons)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea
In 2022, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -2% to 2 tons, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 838% against the previous year. As a result, the exports attained the peak of 2.4 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s soared to $30K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,039% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | N/A | 13.0 | 0% |
| United States | N/A | 4.8 | N/A | 7.8 | 27.5% |
| Taiwan (Chinese) | N/A | N/A | 5.2 | 7.0 | 34.6% |
| Japan | N/A | N/A | N/A | 1.1 | 0% |
| Vietnam | 0.2 | 9.1 | 8.2 | 0.3 | 14.5% |
| United Arab Emirates | 1.6 | 3.7 | N/A | N/A | 131.3% |
| Myanmar | N/A | N/A | 6.1 | N/A | 0% |
| Australia | N/A | 2.1 | 2.0 | N/A | -4.8% |
| Others | N/A | 0.8 | N/A | 0.3 | -38.8% |
| Total | 1.8 | 20.5 | 21.5 | 29.5 | 154.0% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from South Korea in 2022:
- Hong Kong SAR (869.0 kg)
- Taiwan (Chinese) (493.0 kg)
- United States (466.0 kg)
- Japan (108.0 kg)
- Vietnam (45.0 kg)
550
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Republic of Korea.
523
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
550
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Republic of Korea.
523
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
Nothing found. Please try again.
