Report Update Apr 1, 2024

Republic of Korea - Frozen Catfish Fillets - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Republic of Korea

The South Korean frozen catfish fillets market contracted notably to $X in 2020, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Frozen catfish fillets consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Catfish Fillets Exports

Exports from Republic of Korea

In 2020, exports of frozen catfish fillets from South Korea was estimated at X tons, approximately reflecting the previous year. Overall, exports recorded a buoyant increase. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, frozen catfish fillets exports totaled $X in 2020. Over the period under review, exports continue to indicate mild growth. Exports peaked in 2020 and are likely to continue growth in years to come.

Exports by Country

Montenegro (X tons) was the main destination for frozen catfish fillets exports from South Korea, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Montenegro was relatively modest.

From 2007 to 2020, the average annual rate of growth in terms of value to Montenegro was relatively modest.

Export Prices by Country

In 2020, the average frozen catfish fillets export price amounted to $X per ton, approximately equating the previous year. Overall, the export price recorded a abrupt contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for Montenegro amounted to X% per year.

Frozen Catfish Fillets Imports

Imports into Republic of Korea

Frozen catfish fillets imports into South Korea dropped sharply to X tons in 2020, with a decrease of -X% against the previous year. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen catfish fillets imports reduced dramatically to $X in 2020. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Vietnam (X tons) was the main supplier of frozen catfish fillets to South Korea, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam stood at -X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish fillets to South Korea.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam totaled -X%.

Import Prices by Country

The average frozen catfish fillets import price stood at $X per ton in 2020, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Vietnam amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen catfish fillets in the world?

The country with the largest volume of frozen catfish fillets consumption was China, accounting for 25% of total volume. Moreover, frozen catfish fillets consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the U.S., with a 7.9% share.

What are the largest producers of frozen catfish fillets in the world?

The country with the largest volume of frozen catfish fillets production was Vietnam, comprising approx. 31% of total volume. Moreover, frozen catfish fillets production in Vietnam exceeded the figures recorded by the second-largest producer, India, threefold. China ranked third in terms of total production with a 11% share.

What are the leading suppliers of frozen catfish fillets to Republic of Korea?

In value terms, Vietnam constituted the largest supplier of frozen catfish fillets to South Korea.

What is the average export price for frozen catfish fillets in Republic of Korea?

In 2020, the average frozen catfish fillets export price amounted to $4,111 per ton, almost unchanged from the previous year.

What is the average import price for frozen catfish fillets in Republic of Korea?

The average frozen catfish fillets import price stood at $3,609 per ton in 2020, growing by 13% against the previous year.

This report provides an in-depth analysis of the frozen catfish fillets 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 2025.

Product coverage:

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023