Republic of Korea - Smoked Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Smoked Fish Other than Salmon and Herring in South Korea - 2022
Contents:
- Price for Smoked Fish Other than Salmon and Herring in South Korea (CIF) - 2022
- Price for Smoked Fish Other than Salmon and Herring in South Korea (FOB) - 2022
- Imports of Smoked Fish Other than Salmon and Herring in South Korea
- Exports of Smoked Fish Other than Salmon and Herring in South Korea
Price for Smoked Fish Other than Salmon and Herring in South Korea (CIF) - 2022
The average import price for smoked fish other than salmon and herring stood at $9,215 per ton in December 2022, with an increase of 14% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 an increase of 22% month-to-month. As a result, import price reached the peak level of $9,828 per ton. From June 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($24,727 per ton), while the price for Indonesia ($8,279 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 China (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Smoked Fish Other than Salmon and Herring in South Korea (FOB) - 2022
In 2022, the average export price for smoked fish other than salmon and herring amounted to $9,118 per ton, rising by 11% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 94% against the previous year. The export price peaked at $15,118 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($36,125 per ton), while the average price for exports to the Philippines ($3,313 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 Russia (+111.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Smoked Fish Other than Salmon and Herring in South Korea
In 2022, the amount of smoked fish other than salmon and herring imported into South Korea soared to 1.5K tons, growing by 56% on 2021. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% 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 +65.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of smoked fish other than salmon and herring surged to $14M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Smoked Fish Other than Salmon and Herring in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.5 | 5.4 | 3.4 | 6.2 | 11.3% |
| Philippines | 2.2 | 1.9 | 2.7 | 3.8 | 20.0% |
| Thailand | 0.7 | 1.4 | 1.2 | 2.7 | 56.8% |
| Japan | 0.7 | 0.5 | 0.7 | 0.6 | -5.0% |
| China | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 8.1 | 9.3 | 8.3 | 13.8 | 19.4% |
Top Suppliers of Smoked Fish Other than Salmon and Herring to South Korea in 2022:
- Indonesia (746.9 tons)
- Philippines (407.2 tons)
- Thailand (271.0 tons)
- China (46.5 tons)
- Japan (38.3 tons)
Exports of Smoked Fish Other than Salmon and Herring in South Korea
In 2022, the amount of smoked fish other than salmon and herring exported from South Korea declined dramatically to 57 tons, which is down by -19% against the previous year's figure. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 50%.
In value terms, exports of smoked fish other than salmon and herring contracted to $522K in 2022. Over the period under review, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, the exports reached the peak of $582K, and then declined in the following year.
| Export of Smoked Fish Other than Salmon and Herring in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 156 | 197 | 213 | 152 | -0.9% |
| Singapore | 16.9 | 20.9 | 54.5 | 90.6 | 75.0% |
| Japan | 69.2 | 59.7 | 150 | 90.2 | 9.2% |
| Germany | 38.1 | 21.0 | 7.4 | 41.2 | 2.6% |
| Turkey | 12.8 | N/A | 18.9 | 26.7 | 27.8% |
| Philippines | 15.9 | 0.1 | 18.6 | 23.7 | 14.2% |
| India | N/A | N/A | N/A | 18.4 | 0% |
| Canada | 138 | 62.5 | 10.9 | 16.0 | -51.2% |
| Indonesia | 94.6 | N/A | N/A | N/A | 0% |
| Others | 37.7 | 88.0 | 109 | 63.2 | 18.8% |
| Total | 579 | 449 | 582 | 522 | -3.4% |
Top Export Markets for Smoked Fish Other than Salmon and Herring from South Korea in 2022:
- Japan (15.7 tons)
- Singapore (11.3 tons)
- United States (10.3 tons)
- Philippines (7.2 tons)
- India (2.3 tons)
- Germany (1.1 tons)
- Turkey (1.0 tons)
- Canada (0.6 tons)
This report provides an in-depth analysis of the market for smoked fish other than salmon and herring in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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