Price for Fats and Oils and Their Fractions; of Marine Mammals in South Korea - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in South Korea (CIF) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in South Korea
Price for Fats and Oils and Their Fractions; of Marine Mammals in South Korea (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of marine mammalses amounted to $13,111 per ton, surging by 28% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 148%. Over the period under review, average import prices reached the peak figure at $65,112 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($22,352 per ton), while the price for Norway ($9,260 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.3%), while the prices for the other major suppliers experienced a decline.
Imports of Fats and Oils and Their Fractions; of Marine Mammals in South Korea
In 2022, purchases abroad of fats and oils and their fractions; of marine mammalses decreased by -42.5% to 781 kg, falling for the second consecutive year after two years of growth. In general, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, imports attained the peak of 2.5 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fats and oils and their fractions; of marine mammalses shrank sharply to $10K in 2022. Over the period under review, imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 0.2% against the previous year. As a result, imports reached the peak of $31K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 29.7 | 29.9 | 11.8 | 4.1 | -48.3% |
| Norway | 0.4 | 0.3 | 1.4 | 2.9 | 93.5% |
| United States | N/A | 0.6 | 0.3 | 2.0 | 82.6% |
| Others | 1.0 | 0.4 | 0.4 | 1.3 | 9.1% |
| Total | 31.1 | 31.2 | 13.9 | 10.2 | -31.0% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to South Korea in 2022:
- Canada (358.0 kg)
- Norway (311.0 kg)
- United States (91.0 kg)
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This report provides an in-depth analysis of the market for fish fat and oil in Republic of Korea.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Republic of Korea.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
591
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
