Price for Fish fillets; frozen, flat fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea - 2022
Contents:
- Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea (CIF) - 2022
- Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea (FOB) - 2022
- Imports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea
- Exports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea
Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea (CIF) - 2022
The average import price for fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s stood at $5,961 per ton in December 2022, with an increase of 16% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in January 2022 an increase of 26% month-to-month. The import price peaked in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($12,681 per ton), while the price for the United States ($4,262 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 United States (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea (FOB) - 2022
The average export price for fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s stood at $10,133 per ton in 2022, surging by 19% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by 130%. As a result, the export price attained the peak level of $40,378 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($32,250 per ton), while the average price for exports to Indonesia ($7,471 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 Canada (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea
In 2022, the amount of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s imported into South Korea soared to 2.2K tons, rising by 31% compared with 2021 figures. The total import volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s soared to $11M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +63.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.8 | 5.2 | 5.3 | 8.1 | 11.8% |
| Norway | 1.3 | 0.6 | 0.3 | 1.1 | -5.4% |
| Russia | 0.4 | 0.8 | 0.5 | 0.9 | 31.0% |
| China | 0.1 | 0.1 | 0.5 | 0.8 | 100.0% |
| Others | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Total | 8.0 | 6.7 | 6.8 | 11.0 | 11.2% |
Top Suppliers of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) to South Korea in 2022:
- United States (1848.0 tons)
- Russia (129.2 tons)
- China (104.5 tons)
- Norway (99.0 tons)
Exports of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea
After three years of growth, overseas shipments of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s decreased by -26.3% to 62 tons in 2022. In general, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of 85 tons, and then fell sharply in the following year.
In value terms, exports of fish fillets; frozen, flat fish (pleuronectidae, bothidae, cynoglossidae, soleidae, scophthalmidae and citharidae)s declined to $633K in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. As a result, the exports reached the peak of $722K, and then contracted in the following year.
| Export of Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 264 | 277 | 314 | 503 | 24.0% |
| Australia | 10.9 | 32.7 | 62.3 | 48.0 | 63.9% |
| Canada | 5.4 | 6.4 | 42.0 | 23.8 | 64.0% |
| Indonesia | 9.1 | 15.3 | 6.3 | 11.5 | 8.1% |
| China | 18.1 | N/A | N/A | N/A | 0% |
| Others | 42.5 | 146 | 298 | 47.1 | 3.5% |
| Total | 350 | 477 | 722 | 633 | 21.8% |
Top Export Markets for Fish Fillets; Frozen, Flat Fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) from South Korea in 2022:
- United States (50.1 tons)
- Australia (5.6 tons)
- Indonesia (1.5 tons)
- Canada (1.2 tons)
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