Report Update Apr 1, 2024

Republic of Korea - Frozen Carcases of Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Frozen Pork Carcase Market 2024

Frozen Pork Carcase Market Size in Republic of Korea

The South Korean frozen pork carcase market surged to $X in 2022, increasing by 115% against the previous year. Overall, consumption showed a significant increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Frozen Pork Carcase Production in Republic of Korea

In value terms, frozen pork carcase production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable reduction. The growth pace was the most rapid in 2021 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Frozen Pork Carcase Exports

Exports from Republic of Korea

In 2022, shipments abroad of frozen carcases of pig meat decreased by -89.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 821% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen pork carcase exports dropped notably to $X in 2022. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 497% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen pork carcase exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled -15.2%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for frozen carcases of pig meat exports from South Korea.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -8.3%.

Export Prices by Country

In 2022, the average frozen pork carcase export price amounted to $X per ton, surging by 243% against the previous year. Overall, the export price showed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +8.2% per year.

Frozen Pork Carcase Imports

Imports into Republic of Korea

Frozen pork carcase imports into South Korea contracted sharply to X kg in 2022, shrinking by -81.6% compared with 2021. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 158%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen pork carcase imports fell sharply to $X in 2022. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 278% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X kg) was the main frozen pork carcase supplier to South Korea, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +5.5%.

In value terms, Spain ($X) constituted the largest supplier of frozen carcases of pig meat to South Korea.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain was relatively modest.

Import Prices by Country

In 2022, the average frozen pork carcase import price amounted to $X per ton, picking up by 54% against the previous year. Overall, the import price posted a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to +4.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen carcases of pig meat in the world?

The countries with the highest volumes of consumption in 2022 were China, Russia and India, with a combined 66% share of global consumption.

What are the largest producers of frozen carcases of pig meat in the world?

The countries with the highest volumes of production in 2022 were China, Russia and India, together comprising 66% of global production.

What are the leading suppliers of frozen carcases of pig meat to Republic of Korea?

In value terms, Spain constituted the largest supplier of frozen carcases of pig meat to South Korea.

What are the leading importers of frozen carcases of pig meat from Republic of Korea?

In value terms, the United Arab Emirates remains the key foreign market for frozen carcases of pig meat exports from South Korea.

What is the average export price for frozen carcases of pig meat in Republic of Korea?

The average frozen pork carcase export price stood at $18,358 per ton in 2022, jumping by 243% against the previous year.

What is the average import price for frozen carcases of pig meat in Republic of Korea?

In 2022, the average frozen pork carcase import price amounted to $18,638 per ton, picking up by 54% against the previous year.

This report provides an in-depth analysis of the frozen pork carcase market 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 10113230 - Frozen carcases and half-carcases, of pig meat

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023