Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea - 2022
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea (CIF) - 2022
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea (FOB) - 2022
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea
- Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea (CIF) - 2022
In 2022, the average import price for edible products of animal origin; not elsewhere specified or includeds amounted to $76,855 per ton, with an increase of 32% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. The import price peaked at $112,013 per ton in 2018; however, from 2019 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 Brazil ($158,253 per ton), while the price for China ($46,241 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea (FOB) - 2022
In 2022, the average export price for edible products of animal origin; not elsewhere specified or includeds amounted to $3,896 per ton, reducing by -22.7% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by 66%. Over the period under review, the average export prices reached the maximum at $13,244 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -8.2% per year.
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea
In 2022, purchases abroad of edible products of animal origin; not elsewhere specified or includeds decreased by -36.8% to 48 tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 3.3% against the previous year. As a result, imports reached the peak of 82 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds reduced dramatically to $3.7M in 2022. Over the period under review, imports faced a deep downturn. The smallest decline of -10.2% was in 2020.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,736 | 3,317 | 1,700 | 1,355 | -7.9% |
| Canada | 518 | 383 | 378 | 654 | 8.1% |
| Australia | 3,824 | 1,368 | 1,088 | 590 | -46.4% |
| Brazil | 176 | 120 | 210 | 433 | 35.0% |
| United States | 375 | 321 | 286 | 210 | -17.6% |
| Vietnam | 72.7 | 27.7 | 70.1 | 88.1 | 6.6% |
| Thailand | 22.2 | 12.1 | 13.2 | 58.6 | 38.2% |
| Others | 235 | 702 | 685 | 316 | 10.4% |
| Total | 6,957 | 6,250 | 4,431 | 3,705 | -18.9% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to South Korea in 2022:
- China (29.3 tons)
- Canada (6.0 tons)
- Australia (4.7 tons)
- Brazil (2.7 tons)
- United States (1.9 tons)
- Vietnam (1.3 tons)
- Thailand (1.2 tons)
Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea
In 2022, overseas shipments of edible products of animal origin; not elsewhere specified or includeds decreased by -25.2% to 70 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. As a result, the exports reached the peak of 93 tons, and then fell sharply in the following year.
In value terms, exports of edible products of animal origin; not elsewhere specified or includeds dropped notably to $271K in 2022. Overall, exports continue to indicate a precipitous curtailment. The smallest decline of -7.7% was in 2020.
| Export of Edible Products of Animal Origin; Not Elsewhere Specified or Included in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 700 | 622 | 446 | 270 | -27.2% |
| Others | 20.1 | 42.3 | 23.3 | 1.5 | -57.9% |
| Total | 720 | 665 | 469 | 271 | -27.8% |
Top Export Markets for Edible Products of Animal Origin; Not Elsewhere Specified or Included from South Korea in 2022:
- Japan (69.5 tons)
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