Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea - 2022
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea (CIF) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea (FOB) - 2022
- Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea
- Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea (CIF) - 2022
The average import price for molluscs; octopus (octopus spp.), live, fresh or chilleds stood at $11,113 per ton in December 2022, waning by -5.4% against the previous month. Over the period under review, the import price saw a noticeable decline. The most prominent rate of growth was recorded in May 2022 an increase of 55% month-to-month. Over the period under review, average import prices reached the maximum at $27,571 per ton in August 2022; however, from September 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was China ($11,149 per ton), while the price for Thailand totaled $9,313 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.1%).
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea (FOB) - 2022
The average export price for molluscs; octopus (octopus spp.), live, fresh or chilleds stood at $20,120 per ton in 2022, shrinking by -13.8% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $27,530 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($40,067 per ton), while the average price for exports to Thailand ($3,383 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 the United States (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea
In 2022, supplies from abroad of molluscs; octopus (octopus spp.), live, fresh or chilleds decreased by -7.2% to 8.3K tons, falling for the second year in a row after two years of growth. In general, imports saw a perceptible reduction. The growth pace was the most rapid in 2020 with an increase of 5% against the previous year. As a result, imports attained the peak of 10K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of molluscs; octopus (octopus spp.), live, fresh or chilleds reduced modestly to $129M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 4.5%. As a result, imports attained the peak of $132M, and then declined in the following year.
| Import of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 119 | 121 | 127 | 126 | 1.9% |
| Thailand | 5.8 | 5.5 | 4.7 | 3.5 | -15.5% |
| Others | 2.0 | 0.1 | N/A | N/A | -95.0% |
| Total | 126 | 126 | 132 | 129 | 0.8% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled to South Korea in 2022:
- China (8.0K tons)
- Thailand (0.4K tons)
Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea
Exports of molluscs; octopus (octopus spp.), live, fresh or chilleds from South Korea skyrocketed to 46 tons in 2022, rising by 34% against the year before. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of molluscs; octopus (octopus spp.), live, fresh or chilleds surged to $933K in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 79%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 368 | 278 | 620 | 579 | 16.3% |
| Japan | 50.3 | 80.8 | 93.3 | 245 | 69.5% |
| Singapore | 20.0 | 35.1 | 50.1 | 67.0 | 49.6% |
| Thailand | N/A | N/A | 0.6 | 3.6 | 500.0% |
| United Arab Emirates | 43.2 | 23.6 | 2.7 | N/A | -75.0% |
| Others | 42.7 | 32.7 | 41.0 | 38.5 | -3.4% |
| Total | 524 | 450 | 808 | 933 | 21.2% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled from South Korea in 2022:
- Japan (25.2 tons)
- United States (14.5 tons)
- Singapore (4.0 tons)
- Thailand (1.1 tons)
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