Price for Reptiles; Live (Including Snakes and Turtles) in South Korea - 2022

Contents:

1. Price for Reptiles; Live (Including Snakes and Turtles) in South Korea (CIF) - 2022
2. Price for Reptiles; Live (Including Snakes and Turtles) in South Korea (FOB) - 2022
3. Imports of Reptiles; Live (Including Snakes and Turtles) in South Korea
4. Exports of Reptiles; Live (Including Snakes and Turtles) in South Korea

Price for Reptiles; Live (Including Snakes and Turtles) in South Korea (CIF) - 2022

The average import price for reptiles; live (including snakes and turtles)s stood at $23 per unit in 2022, dropping by -7.1% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for reptiles; live (including snakes and turtles)s increased by +68.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 66% against the previous year. Over the period under review, average import prices hit record highs at $24 per unit in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($23 per unit) and Hong Kong SAR ($23 per unit), while the price for the Czech Republic ($23 per unit) and China ($23 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Reptiles; Live (Including Snakes and Turtles) in South Korea (FOB) - 2022

The average export price for reptiles; live (including snakes and turtles)s stood at $77 per unit in 2022, with an increase of 26% against the previous year. In general, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2015 an increase of 424%. As a result, the export price reached the peak level of $392 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($77 per unit) and Japan ($77 per unit), while the average price for exports to Taiwan (Chinese) ($77 per unit) and the United States ($77 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reptiles; Live (Including Snakes and Turtles) in South Korea

In 2022, imports of reptiles; live (including snakes and turtles)s into South Korea surged to 215K units, increasing by 30% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of reptiles; live (including snakes and turtles)s surged to $4.9M in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 67%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Reptiles; Live (Including Snakes and Turtles) to South Korea in 2022:

1. United States (86.6K units)
2. Indonesia (23.2K units)
3. Canada (18.5K units)
4. Germany (15.5K units)
5. Netherlands (13.9K units)
6. Hong Kong SAR (7.1K units)
7. China (6.2K units)
8. Czech Republic (5.1K units)
9. Spain (4.6K units)
10. Thailand (1.8K units)

Exports of Reptiles; Live (Including Snakes and Turtles) in South Korea

After three years of growth, shipments abroad of reptiles; live (including snakes and turtles)s decreased by -26.6% to 16K units in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,316% against the previous year. Over the period under review, the exports of attained the maximum at 22K units in 2021, and then fell remarkably in the following year.

In value terms, exports of reptiles; live (including snakes and turtles)s dropped to $1.3M in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 2,011% against the previous year. As a result, the exports attained the peak of $1.4M, and then contracted in the following year.

Top Export Markets for Reptiles; Live (Including Snakes and Turtles) from South Korea in 2022:

1. Japan (7.7K units)
2. Hong Kong SAR (3.6K units)
3. United States (2.0K units)
4. Czech Republic (1.6K units)
5. Taiwan (Chinese) (0.6K units)
6. Thailand (0.4K units)

Source: IndexBox Market Intelligence Platform