Republic of Korea - Crabs, Not Frozen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrabs, Not Frozen Price in South Korea - 2022
Contents:
- Crabs, Not Frozen Price in South Korea (CIF) - 2022
- Crabs, Not Frozen Price in South Korea (FOB) - 2022
- Crabs, Not Frozen Imports in South Korea
- Crabs, Not Frozen Exports in South Korea
Crabs, Not Frozen Price in South Korea (CIF) - 2022
The average crabs, not frozen import price stood at $15,933 per ton in 2022, with a decrease of -4% against the previous year. In general, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 42%. The import price peaked at $16,601 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($53,645 per ton), while the price for China ($1,631 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Crabs, Not Frozen Price in South Korea (FOB) - 2022
In 2022, the average crabs, not frozen export price amounted to $29,654 per ton, which is down by -2.4% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crabs, not frozen export price increased by +66.5% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 21% against the previous year. The export price peaked at $30,387 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($37,614 per ton), while the average price for exports to China ($24,660 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 China (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Crabs, Not Frozen Imports in South Korea
In 2022, overseas purchases of crabs, not frozen were finally on the rise to reach 11K tons after two years of decline. Over the period under review, imports, however, showed a slight curtailment.
In value terms, crabs, not frozen imports fell modestly to $173M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 4.8%. As a result, imports attained the peak of $177M, and then shrank slightly in the following year.
| Import of Crabs, Not Frozen in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 110 | 112 | 114 | 108 | -0.6% |
| Japan | 43.7 | 49.1 | 55.0 | 57.4 | 9.5% |
| China | 5.7 | 6.0 | 6.2 | 6.0 | 1.7% |
| Bahrain | 1.3 | 1.3 | 1.3 | 1.2 | -2.6% |
| Others | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Total | 161 | 169 | 177 | 173 | 2.4% |
Top Suppliers of Crabs, Not Frozen to South Korea in 2022:
- Japan (4.8K tons)
- China (3.7K tons)
- Russia (2.0K tons)
- Bahrain (0.4K tons)
Crabs, Not Frozen Exports in South Korea
In 2022, shipments abroad of crabs, not frozen decreased by -4% to 2K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 8.8%. As a result, the exports reached the peak of 2K tons, and then dropped in the following year.
In value terms, crabs, not frozen exports fell to $58M in 2022. The total export value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, the exports reached the peak of $62M, and then dropped in the following year.
| Export of Crabs, Not Frozen in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 14.3 | 17.1 | 20.3 | 19.8 | 11.5% |
| China | 8.7 | 10.0 | 11.5 | 10.8 | 7.5% |
| United States | 7.4 | 8.8 | 10.3 | 9.9 | 10.2% |
| Taiwan (Chinese) | 8.0 | 8.4 | 8.9 | 7.7 | -1.3% |
| Singapore | 3.8 | 4.4 | 5.1 | 4.8 | 8.1% |
| Macao SAR | 2.2 | 2.4 | 2.6 | 2.3 | 1.5% |
| Malaysia | 1.3 | 1.4 | 1.5 | 1.4 | 2.5% |
| Others | 1.3 | 1.4 | 1.5 | 1.3 | 0.0% |
| Total | 47.1 | 54.0 | 61.8 | 57.9 | 7.1% |
Top Export Markets for Crabs, Not Frozen from South Korea in 2022:
- Canada (628.3 tons)
- China (436.8 tons)
- United States (264.0 tons)
- Taiwan (Chinese) (257.3 tons)
- Singapore (191.1 tons)
- Macao SAR (83.8 tons)
- Malaysia (46.9 tons)
This report provides an in-depth analysis of the crabs, not frozen 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:
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
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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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