Price for Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea - 2022
Contents:
- Price for Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea (CIF) - 2022
- Price for Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea (FOB) - 2022
- Imports of Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea
- Exports of Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea
Price for Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea (CIF) - 2022
In 2022, the average import price for fish; toothfish (dissostichus spp.), frozen, other than filletses amounted to $7,834 per ton, jumping by 17% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish; toothfish (dissostichus spp.), frozen, other than filletses decreased by -10.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $8,787 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +3.2% per year.
Price for Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea (FOB) - 2022
In 2022, the average export price for fish; toothfish (dissostichus spp.), frozen, other than filletses amounted to $1,810 per ton, flattening at the previous year. In general, the export price, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 71%. As a result, the export price reached the peak level of $32,917 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -18.5% per year.
Imports of Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea
For the third year in a row, South Korea recorded decline in overseas purchases of fish; toothfish (dissostichus spp.), frozen, other than filletses, which decreased by -84.2% to 815 kg in 2022. Over the period under review, imports recorded a precipitous curtailment. The smallest decline of -56% was in 2021.
In value terms, imports of fish; toothfish (dissostichus spp.), frozen, other than filletses shrank markedly to $6.4K in 2022. In general, imports saw a precipitous decrease. The smallest decline of -56.7% was in 2020.
| Import of Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 36.7 | 10.5 | 2.1 | 6.4 | -44.1% |
| Hong Kong SAR | 19.8 | 10.6 | 3.9 | N/A | -55.6% |
| Argentina | 16.2 | 10.4 | 4.6 | N/A | -46.7% |
| Chile | 50.7 | 18.0 | 2.7 | N/A | -76.9% |
| China | 27.0 | 17.6 | 8.0 | N/A | -45.6% |
| France | 43.4 | 22.6 | 8.1 | N/A | -56.8% |
| Tanzania | 23.7 | 13.1 | 5.0 | N/A | -54.1% |
| Uruguay | 20.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 238 | 103 | 34.5 | 6.4 | -70.0% |
Top Suppliers of Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets to South Korea in 2022:
- Vietnam (815.0 kg)
Exports of Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea
For the fourth consecutive year, South Korea recorded growth in shipments abroad of fish; toothfish (dissostichus spp.), frozen, other than filletses, which increased by 20% to 2K tons in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 99.9% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of fish; toothfish (dissostichus spp.), frozen, other than filletses surged to $3.6M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 2.5 | 3.0 | 3.6 | 19.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 2.5 | 3.0 | 3.6 | 19.7% |
Top Export Markets for Fish; Toothfish (Dissostichus Spp.), Frozen, Other than Fillets from South Korea in 2022:
- United States (2.0K tons)
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