Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea - 2022
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea (CIF) - 2022
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea (FOB) - 2022
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea (CIF) - 2022
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $4,674 per ton in December 2022, reducing by -10.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 9.5% month-to-month. The import price peaked at $5,211 per ton in November 2022, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($10,626 per ton), while the price for China ($3,495 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 Peru (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea (FOB) - 2022
In December 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $15,014 per ton, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in February 2022 an increase of 51% against the previous month. The export price peaked at $17,409 per ton in August 2022; however, from September 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($21,756 per ton), while the average price for exports to Myanmar ($4,920 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea
Imports of mollusc preparations; cuttle fish and squid, prepared or preserveds into South Korea surged to 40K tons in 2022, jumping by 17% on 2021 figures. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 25%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds surged to $234M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 89.0 | 110 | 93.8 | 124 | 11.7% |
| China | 48.2 | 66.0 | 69.4 | 89.3 | 22.8% |
| Vietnam | 5.2 | 7.5 | 10.8 | 19.0 | 54.0% |
| Others | 3.3 | 2.3 | 2.3 | 1.6 | -21.4% |
| Total | 146 | 186 | 176 | 234 | 17.0% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to South Korea in 2022:
- Peru (20.6K tons)
- China (18.3K tons)
- Vietnam (1.3K tons)
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of mollusc preparations; cuttle fish and squid, prepared or preserveds, when their volume decreased by -6.5% to 1.1K tons. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of 1.2K tons, and then fell in the following year.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds rose slightly to $14M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.8 | 6.0 | 8.4 | 8.0 | 18.6% |
| China | 0.2 | 0.3 | 0.3 | 2.6 | 135.1% |
| Australia | 0.5 | 0.9 | 1.0 | 0.8 | 17.0% |
| Canada | 0.4 | 0.6 | 0.9 | 0.6 | 14.5% |
| Japan | 0.8 | 1.2 | 0.8 | 0.6 | -9.1% |
| Hong Kong SAR | 0.6 | 0.4 | 0.6 | 0.5 | -5.9% |
| Singapore | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Vietnam | 0.5 | 0.3 | 0.6 | 0.2 | -26.3% |
| Others | 0.8 | 1.1 | 1.1 | 0.9 | 4.0% |
| Total | 8.7 | 11.0 | 14.0 | 14.4 | 18.3% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from South Korea in 2022:
- United States (634.8 tons)
- China (230.6 tons)
- Japan (68.5 tons)
- Australia (48.0 tons)
- Canada (47.1 tons)
- Hong Kong SAR (29.6 tons)
- Singapore (17.6 tons)
- Vietnam (7.3 tons)
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