Price for Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea - 2022
Contents:
- Price for Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea (FOB) - 2022
- Price for Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea (CIF) - 2022
- Exports of Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea
- Imports of Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea
Price for Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea (FOB) - 2022
The average export price for molluscs; oysters, whether in shell or not, live, fresh or chilleds stood at $4,695 per ton in December 2022, increasing by 107% against the previous month. In general, the export price enjoyed perceptible growth. The export price peaked at $9,492 per ton in March 2022; however, from April 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Hong Kong SAR ($7,546 per ton), while the average price for exports to China ($1,301 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 Japan (-0.4%), while the prices for the other major destinations experienced a decline.
Price for Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea (CIF) - 2022
In 2022, the average import price for molluscs; oysters, whether in shell or not, live, fresh or chilleds amounted to $4,414 per ton, waning by -59.9% against the previous year. In general, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 an increase of 246%. As a result, import price attained the peak level of $98,931 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($11,461 per ton), while the price for China stood at $1,044 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+6.6%).
Exports of Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea
For the third consecutive year, South Korea recorded decline in shipments abroad of molluscs; oysters, whether in shell or not, live, fresh or chilleds, which decreased by -12.9% to 367 tons in 2022. Over the period under review, exports faced a sharp setback.
In value terms, exports of molluscs; oysters, whether in shell or not, live, fresh or chilleds declined modestly to $1.5M in 2022. Overall, exports showed a precipitous slump.
| Export of Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,170 | 1,440 | 657 | 701 | -31.4% |
| Hong Kong SAR | 589 | 731 | 302 | 537 | -3.0% |
| China | 1,372 | 576 | 552 | 274 | -41.5% |
| Russia | 202 | 156 | 101 | 1.0 | -83.0% |
| Others | 66.9 | 40.9 | 17.4 | 35.9 | -18.7% |
| Total | 4,401 | 2,943 | 1,629 | 1,548 | -29.4% |
Top Export Markets for Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled from South Korea in 2022:
- China (206.1 tons)
- Japan (90.6 tons)
- Hong Kong SAR (66.2 tons)
- Russia (0.1 tons)
Imports of Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea
In 2022, after two years of decline, there was significant growth in overseas purchases of molluscs; oysters, whether in shell or not, live, fresh or chilleds, when their volume increased by 199% to 23 tons. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of molluscs; oysters, whether in shell or not, live, fresh or chilleds skyrocketed to $103K in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 63.0 | 78.4 | 82.3 | 82.1 | 9.2% |
| China | N/A | N/A | N/A | 16.8 | 0% |
| Japan | 19.9 | N/A | N/A | N/A | 0% |
| Others | 5.9 | 3.3 | 3.6 | 4.0 | -12.2% |
| Total | 88.8 | 81.7 | 85.9 | 103 | 5.1% |
Top Suppliers of Molluscs; Oysters, Whether in Shell or Not, Live, Fresh or Chilled to South Korea in 2022:
- China (16.1 tons)
- Ireland (7.2 tons)
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