Price for Offal, Edible; of Swine, Livers, Frozen in South Korea - 2022

Contents:

1. Price for Offal, Edible; of Swine, Livers, Frozen in South Korea (FOB) - 2022
2. Price for Offal, Edible; of Swine, Livers, Frozen in South Korea (CIF) - 2022
3. Exports of Offal, Edible; of Swine, Livers, Frozen in South Korea
4. Imports of Offal, Edible; of Swine, Livers, Frozen in South Korea

Price for Offal, Edible; of Swine, Livers, Frozen in South Korea (FOB) - 2022

The average export price for offal, edible; of swine, livers, frozen stood at $541 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a deep downturn. Over the period under review, the average export prices reached the peak figure at $750 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2016 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +0.2% per year.

Price for Offal, Edible; of Swine, Livers, Frozen in South Korea (CIF) - 2022

In 2022, the average import price for offal, edible; of swine, livers, frozen amounted to $2,375 per ton, with an increase of 30% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 118% against the previous year. The import price peaked at $2,711 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,746 per ton), while the price for Canada amounted to $2,007 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Offal, Edible; of Swine, Livers, Frozen in South Korea

In 2022, exports of offal, edible; of swine, livers, frozen from South Korea skyrocketed to 461 tons, rising by 317% against 2021. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of offal, edible; of swine, livers, frozen skyrocketed to $250K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Offal, Edible; of Swine, Livers, Frozen from South Korea in 2022:

1. Hong Kong SAR (461.2 tons)

Imports of Offal, Edible; of Swine, Livers, Frozen in South Korea

In 2022, approx. 183 tons of offal, edible; of swine, livers, frozen were imported into South Korea; declining by -76% compared with 2021 figures. Over the period under review, imports showed a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 233,027% against the previous year. As a result, imports reached the peak of 765 tons, and then fell rapidly in the following year.

In value terms, imports of offal, edible; of swine, livers, frozen fell dramatically to $435K in 2022. In general, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 509,218% against the previous year. As a result, imports reached the peak of $1.4M, and then contracted significantly in the following year.

Top Suppliers of Offal, Edible; of Swine, Livers, Frozen to South Korea in 2022:

1. Canada (92.1 tons)
2. Netherlands (91.2 tons)

Source: IndexBox Market Intelligence Platform