Republic of Korea - Frozen Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Pig Meat Other than Cuts or Carcases in South Korea - 2022
Contents:
- Price for Frozen Pig Meat Other than Cuts or Carcases in South Korea (CIF) - 2022
- Price for Frozen Pig Meat Other than Cuts or Carcases in South Korea (FOB) - 2022
- Imports of Frozen Pig Meat Other than Cuts or Carcases in South Korea
- Exports of Frozen Pig Meat Other than Cuts or Carcases in South Korea
Price for Frozen Pig Meat Other than Cuts or Carcases in South Korea (CIF) - 2022
In December 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $3,550 per ton, approximately reflecting the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 3.8% month-to-month. The import price peaked at $3,721 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Chile ($4,751 per ton), while the price for Canada ($2,031 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 Netherlands (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Frozen Pig Meat Other than Cuts or Carcases in South Korea (FOB) - 2022
In December 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $6,964 per ton, rising by 25% against the previous month. In general, the export price enjoyed a prominent increase. The growth pace was the most rapid in January 2022 an increase of 171% against the previous month. Over the period under review, the average export prices attained the peak figure at $8,923 per ton in September 2022; however, from October 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In December 2022, the country with the highest price was Iraq ($7,472 per ton), while the average price for exports to Hong Kong SAR stood at $6,926 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.5%).
Imports of Frozen Pig Meat Other than Cuts or Carcases in South Korea
In 2022, approx. 515K tons of frozen pig meat other than cuts or carcases were imported into South Korea; with an increase of 27% against 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of frozen pig meat other than cuts or carcases skyrocketed to $1.9B in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Frozen Pig Meat Other than Cuts or Carcases in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 261 | 199 | 394 | 535 | 27.0% |
| United States | 475 | 404 | 385 | 443 | -2.3% |
| Netherlands | 70.2 | 59.1 | 152 | 200 | 41.8% |
| Chile | 109 | 108 | 140 | 168 | 15.5% |
| Austria | 48.6 | 54.9 | 158 | 132 | 39.5% |
| Canada | 79.9 | 66.5 | 80.0 | 103 | 8.8% |
| Denmark | 30.6 | 26.3 | 109 | 72.0 | 33.0% |
| Germany | 343 | 290 | 12.1 | 0.1 | -93.4% |
| Others | 71.6 | 73.0 | 135 | 202 | 41.3% |
| Total | 1,489 | 1,280 | 1,565 | 1,854 | 7.6% |
Top Suppliers of Frozen Pig Meat Other than Cuts or Carcases to South Korea in 2022:
- Spain (147.4K tons)
- United States (131.2K tons)
- Netherlands (51.2K tons)
- Canada (45.2K tons)
- Chile (33.4K tons)
- Austria (28.5K tons)
- Denmark (21.1K tons)
Exports of Frozen Pig Meat Other than Cuts or Carcases in South Korea
After three years of growth, overseas shipments of frozen pig meat other than cuts or carcases decreased by -78.2% to 328 tons in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,136%.
In value terms, exports of frozen pig meat other than cuts or carcases contracted dramatically to $1.5M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,063%.
| Export of Frozen Pig Meat Other than Cuts or Carcases in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 0.1 | 3.0 | 4.3 | 1.4 | 141.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 0.3 | 3.1 | 4.4 | 1.5 | 71.0% |
Top Export Markets for Frozen Pig Meat Other than Cuts or Carcases from South Korea in 2022:
- Hong Kong SAR (324.2 tons)
This report provides an in-depth analysis of the market for frozen pig meat other than cuts or carcases in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10113290 - Frozen pig meat (excluding carcases and half-carcases, h ams, shoulders and cuts thereof with bone in)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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