Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea - 2022
Contents:
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea (CIF) - 2022
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea (FOB) - 2022
- Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea
- Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea (CIF) - 2022
The average import price for offal, edible; of swine, (other than livers), frozen stood at $1,931 per ton in December 2022, falling by -6.2% against the previous month. Over the period under review, the import price showed a perceptible shrinkage. The growth pace was the most rapid in May 2022 when the average import price increased by 18% month-to-month. As a result, import price attained the peak level of $2,908 per ton. From June 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,867 per ton), while the price for Australia ($738 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 the United States (+3.5%), while the prices for the other major suppliers experienced a decline.
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea (FOB) - 2022
In 2022, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $934 per ton, waning by -18.2% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2014 when the average export price increased by 122% against the previous year. Over the period under review, the average export prices attained the maximum at $8,343 per ton in 2017; however, from 2018 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 2013 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +50.1% per year.
Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea
Imports of offal, edible; of swine, (other than livers), frozen into South Korea skyrocketed to 20K tons in 2022, rising by 36% on 2021 figures. In general, imports, however, saw a relatively flat trend pattern.
In value terms, imports of offal, edible; of swine, (other than livers), frozen surged to $45M in 2022. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 +87.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.8 | 10.1 | 13.8 | 18.5 | 3.3% |
| Spain | 12.6 | 6.0 | 5.9 | 7.1 | -17.4% |
| Belgium | N/A | N/A | 0.5 | 5.6 | 1020.0% |
| Austria | 0.7 | 0.9 | 1.2 | 1.8 | 37.0% |
| Canada | 0.1 | 0.3 | 2.1 | 1.7 | 157.1% |
| Netherlands | 0.3 | 0.3 | 3.7 | 1.5 | 71.0% |
| Brazil | 0.5 | 0.8 | 1.1 | 1.4 | 40.9% |
| Sweden | 0.1 | 0.1 | 1.3 | 1.3 | 135.1% |
| France | 2.2 | 1.5 | 1.9 | 1.3 | -16.1% |
| Australia | N/A | N/A | 0.5 | 0.8 | 60.0% |
| Ireland | 0.2 | 0.5 | 0.5 | 0.8 | 58.7% |
| Finland | 0.7 | 0.1 | 1.0 | 0.7 | 0.0% |
| United Kingdom | 0.3 | 0.1 | 0.3 | 0.6 | 26.0% |
| Others | 5.7 | 3.6 | 3.9 | 2.1 | -28.3% |
| Total | 40.1 | 24.1 | 37.8 | 45.2 | 4.1% |
Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to South Korea in 2022:
- United States (5.1K tons)
- Belgium (4.2K tons)
- Spain (2.9K tons)
- Canada (1.2K tons)
- Austria (1.0K tons)
- Sweden (0.9K tons)
- Netherlands (0.9K tons)
- Brazil (0.7K tons)
- Australia (0.6K tons)
- France (0.5K tons)
- United Kingdom (0.5K tons)
- Finland (0.4K tons)
- Ireland (0.3K tons)
Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea
In 2022, the amount of offal, edible; of swine, (other than livers), frozen exported from South Korea surged to 250 tons, picking up by 62% compared with the previous year. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,308% against the previous year. As a result, the exports attained the peak of 477 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of offal, edible; of swine, (other than livers), frozen soared to $233K in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,047%. As a result, the exports attained the peak of $502K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Offal, Edible; of Swine, (Other than Livers), Frozen in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 19.4 | 111 | 228 | 242.8% |
| Lao People's Democratic Republic | 38.9 | 482 | 65.0 | N/A | 29.3% |
| Others | 4.9 | 0.8 | N/A | 4.5 | -2.8% |
| Total | 43.8 | 502 | 176 | 233 | 74.6% |
Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from South Korea in 2022:
- Hong Kong SAR (249.0 tons)
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