Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $9,764 per ton in December 2022, declining by -10% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 8.5% month-to-month. As a result, import price reached the peak level of $10,853 per ton, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($20,326 per ton), while the price for Australia amounted to $9,292 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.0%).
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea (FOB) - 2022
The average export price for meat of sheep or goats; fresh, chilled or frozen stood at $41,469 per ton in 2022, with an increase of 1,148% against the previous year. Over the period under review, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Bangladesh.
From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +44.2% per year.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea
In 2022, approx. 27K tons of meat of sheep or goats; fresh, chilled or frozen were imported into South Korea; jumping by 35% on the previous year. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen surged to $273M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 124 | 132 | 171 | 253 | 26.8% |
| New Zealand | 9.5 | 9.5 | 16.0 | 20.0 | 28.2% |
| Others | 0.9 | 0.7 | 1.3 | N/A | 20.2% |
| Total | 135 | 143 | 188 | 273 | 26.5% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to South Korea in 2022:
- Australia (25.5K tons)
- New Zealand (1.5K tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen exported from South Korea contracted rapidly to 228 kg, waning by -42.6% against the previous year. Over the period under review, exports showed a dramatic decline. The smallest decline of -12.2% was in 2021.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen skyrocketed to $9.5K in 2022. In general, exports, however, continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Bangladesh | N/A | N/A | 9.5 | 0% | |
| Chile | N/A | 0.4 | N/A | 0% | |
| Germany | 0.6 | N/A | N/A | 0% | |
| Mauritius | 0.7 | N/A | N/A | 0% | |
| Gambia | N/A | 0.7 | N/A | 0% | |
| Bahrain | N/A | 0.2 | N/A | 0% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 1.4 | 1.3 | 9.5 | 160.5% | |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from South Korea in 2022:
- Bangladesh (228.0 kg)
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