Report Update May 1, 2024

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

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Republic of Korea: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Republic of Korea

The South Korean frozen tilapias market soared to $X in 2020, with an increase of 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). Over the period under review, consumption continues to indicate strong growth. The growth pace was the most rapid in 2017 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Frozen Tilapias Exports

Exports from Republic of Korea

In 2020, shipments abroad of frozen tilapias decreased by -X% to X kg for the first time since 2017, thus ending a two-year rising trend. Overall, exports recorded a significant decline. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at X tons in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen tilapias exports dropped notably to $X in 2020. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%.

Export Prices by Country

In 2020, the average frozen tilapias export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a resilient increase. As a result, export price attained 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 2007 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to +X% per year.

Frozen Tilapias Imports

Imports into Republic of Korea

For the fourth consecutive year, South Korea recorded growth in purchases abroad of frozen tilapias, which increased by X% to X tons in 2020. Overall, imports showed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are likely to continue growth in the near future.

In value terms, frozen tilapias imports amounted to $X in 2020. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Vietnam (X tons) was the main supplier of frozen tilapias to South Korea, accounting for a X% share of total imports. Moreover, frozen tilapias imports from Vietnam exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Vietnam totaled +X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen tilapias to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total imports.

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

Import Prices by Country

In 2020, the average frozen tilapias import price amounted to $X per ton, dropping by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Vietnam ($X per ton), while the price for Bangladesh amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen tilapias in the world?

The countries with the highest volumes of frozen tilapias consumption in 2020 were China, the U.S. and Cote d'Ivoire, with a combined 54% share of global consumption. Mexico, Thailand, Kenya, Saudi Arabia, Ghana, France, South Africa and the UK lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of frozen tilapias in the world?

China remains the largest frozen tilapias producing country worldwide, comprising approx. 82% of total volume. Moreover, frozen tilapias production in China exceeded the figures recorded by the second-largest producer, Thailand, tenfold. The third position in this ranking was occupied by Vietnam, with a 5.9% share.

What are the leading suppliers of frozen tilapias to Republic of Korea?

In value terms, Vietnam constituted the largest supplier of frozen tilapias to South Korea, comprising 93% of total imports. The second position in the ranking was occupied by Bangladesh, with a 3.4% share of total imports.

What are the leading importers of frozen tilapias from Republic of Korea?

In value terms, the United Arab Emirates $129) remains the key foreign market for frozen tilapias exports from South Korea.

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

The average frozen tilapias export price stood at $12,900 per ton in 2020, growing by 663% against the previous year.

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

In 2020, the average frozen tilapias import price amounted to $2,490 per ton, with a decrease of -2.4% against the previous year.

This report provides an in-depth analysis of the frozen tilapias 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