Republic of Korea - Frozen Scallops, Including Queen Scallop - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Scallops, Including Queen Scallop in South Korea - 2021
Contents:
- Price for Frozen Scallops, Including Queen Scallop in South Korea (CIF) - 2022
- Price for Frozen Scallops, Including Queen Scallop in South Korea (FOB) - 2022
- Imports of Frozen Scallops, Including Queen Scallop in South Korea
- Exports of Frozen Scallops, Including Queen Scallop in South Korea
Price for Frozen Scallops, Including Queen Scallop in South Korea (CIF) - 2022
The average import price for frozen scallops, including queen scallop stood at $7,427 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen scallops, including queen scallop import price increased by +46.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46%. The import price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($34,108 per ton), while the price for Japan ($5,667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Scallops, Including Queen Scallop in South Korea (FOB) - 2022
In 2022, the average export price for frozen scallops, including queen scallop amounted to $13,437 per ton, picking up by 11% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen scallops, including queen scallop export price increased by +121.7% against 2013 indices. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($30,886 per ton), while the average price for exports to Indonesia ($2,188 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 Saudi Arabia (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Frozen Scallops, Including Queen Scallop in South Korea
In 2022, after two years of decline, there was significant growth in purchases abroad of frozen scallops, including queen scallop, when their volume increased by 93% to 1.1K tons. Overall, imports, however, recorded a relatively flat trend pattern.
In value terms, frozen scallops, including queen scallop imports skyrocketed to $8.5M in 2022. Over the period under review, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Scallops, Including Queen Scallop in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.5 | 0.6 | 0.4 | 4.0 | 100.0% |
| China | 3.8 | 3.1 | 2.5 | 2.5 | -13.0% |
| Russia | 1.4 | 0.7 | 0.9 | 0.8 | -17.0% |
| United States | N/A | N/A | N/A | 0.7 | 0% |
| Others | 0.3 | 0.4 | 0.6 | 0.5 | 18.6% |
| Total | 6.0 | 4.8 | 4.4 | 8.5 | 12.3% |
Top Suppliers of Frozen Scallops, Including Queen Scallop to South Korea in 2022:
- Japan (710.7 tons)
- China (329.5 tons)
- Russia (43.4 tons)
- United States (21.1 tons)
Exports of Frozen Scallops, Including Queen Scallop in South Korea
In 2022, overseas shipments of frozen scallops, including queen scallop decreased by -12.6% to 2 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, the exports reached the peak of 3.8 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, frozen scallops, including queen scallop exports fell slightly to $27K in 2022. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. As a result, the exports attained the peak of $48K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Frozen Scallops, Including Queen Scallop in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 16.4 | 20.4 | 6.3 | 12.1 | -9.6% |
| Japan | 4.0 | 3.0 | 5.1 | 5.2 | 9.1% |
| United States | 5.0 | 8.8 | 3.0 | 4.5 | -3.5% |
| Australia | 0.8 | 2.0 | 2.8 | 1.6 | 26.0% |
| Singapore | 1.0 | 3.5 | 0.7 | 1.3 | 9.1% |
| Indonesia | 0.6 | 1.3 | 0.8 | 0.8 | 10.1% |
| Saudi Arabia | 0.4 | 0.9 | 0.6 | 0.6 | 14.5% |
| China | 4.0 | N/A | N/A | N/A | 0% |
| Others | 3.2 | 8.5 | 8.3 | 0.5 | -46.1% |
| Total | 35.4 | 48.4 | 27.5 | 26.6 | -9.1% |
Top Export Markets for Frozen Scallops, Including Queen Scallop from South Korea in 2022:
- United States (571.0 kg)
- Malaysia (390.0 kg)
- Indonesia (353.0 kg)
- Japan (288.0 kg)
- Australia (161.0 kg)
- Singapore (91.0 kg)
- Saudi Arabia (74.0 kg)
This report provides an in-depth analysis of the market for frozen scallops, including queen scallop 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:
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
- 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 VOLUME AND VALUE
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
- 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
- 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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