Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea - 2022
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea (CIF) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $2,560 per ton, with an increase of 14% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 15%. The import price peaked at $3,588 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.0% per year.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $13,722 per ton, declining by -6% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s increased by +85.7% against 2012 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 14%. As a result, the export price reached the peak level of $14,602 per ton, and then dropped in the following year.
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 +6.3% per year.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea
In 2022, approx. 311 tons of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were imported into South Korea; jumping by 715% against the year before. Overall, imports enjoyed a significant expansion. 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, hake (merluccius spp., urophycis spp.)s soared to $796K in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.5 | 73.9 | 80.6 | 796 | 132.3% |
| Others | 6.8 | 3.5 | 4.7 | N/A | -16.9% |
| Total | 70.2 | 77.4 | 85.4 | 796 | 124.7% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to South Korea in 2022:
- China (310.8 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea
In 2022, after two years of decline, there was growth in shipments abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, when their volume increased by 1.4% to 892 kg. Overall, exports, however, recorded a mild decrease.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s shrank to $12K in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 10%. As a result, the exports reached the peak of $13K, and then fell in the following year.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.0 | 11.6 | 12.5 | 11.9 | 2.7% |
| Others | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Total | 11.1 | 11.6 | 12.8 | 12.2 | 3.2% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from South Korea in 2022:
- Japan (877.0 kg)
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