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Republic of Korea - Fresh Or Chilled Cuts Of Chicken - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Chicken Cut Price in South Korea - 2022
Contents:
- Fresh Chicken Cut Price in South Korea (FOB) - 2022
- Fresh Chicken Cut Price in South Korea (CIF) - 2022
- Fresh Chicken Cut Exports in South Korea
- Fresh Chicken Cut Imports in South Korea
Fresh Chicken Cut Price in South Korea (FOB) - 2022
In 2022, the average fresh chicken cut export price amounted to $5,694 per ton, waning by -25.7% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 45%. As a result, the export price reached the peak level of $7,663 per ton, and then dropped rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +17.8% per year.
Fresh Chicken Cut Price in South Korea (CIF) - 2022
The average fresh chicken cut import price stood at $36,250 per ton in 2022, picking up by 3,096% against the previous year. Overall, the import price saw a significant 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 Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +33.6% per year.
Fresh Chicken Cut Exports in South Korea
After two years of growth, overseas shipments of fresh or chilled cuts of chicken decreased by -18.9% to 1.1 tons in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 767%. As a result, the exports reached the peak of 1.4 tons, and then shrank significantly in the following year.
In value terms, fresh chicken cut exports declined dramatically to $6.4K in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,158%. As a result, the exports attained the peak of $11K, and then fell notably in the following year.
Export of Fresh Chicken Cut in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Hong Kong SAR | 0.7 | 10.0 | 6.4 | 202.4% | |
Philippines | 0.1 | 0.7 | N/A | 600.0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 0.8 | 10.7 | 6.4 | 182.8% |
Top Export Markets for Fresh Chicken Cut from South Korea in 2022:
- Hong Kong SAR (1.1 tons)
Fresh Chicken Cut Imports in South Korea
In 2022, supplies from abroad of fresh or chilled cuts of chicken decreased by -99.9% to 12 kg, falling for the second year in a row after two years of growth. Overall, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 4.2%. As a result, imports reached the peak of 119 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, fresh chicken cut imports reduced markedly to $435 in 2022. In general, imports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. As a result, imports attained the peak of $141K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Fresh Chicken Cut in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 0.2 | 0.4 | 0.1 | 0.4 | 26.0% |
Hungary | 24.4 | N/A | N/A | N/A | 0% |
Sweden | N/A | 37.6 | N/A | N/A | 0% |
United States | 37.9 | 48.3 | 17.3 | N/A | -32.4% |
Netherlands | 6.3 | 7.9 | 4.6 | N/A | -14.6% |
Others | 30.7 | 46.5 | 5.0 | N/A | -59.6% |
Total | 99.6 | 141 | 26.9 | 0.4 | -84.1% |
Top Suppliers of Fresh Chicken Cut to South Korea in 2022:
- Thailand (12.0 kg)
This report provides an in-depth analysis of the fresh chicken cut 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 10121050 - Fresh or chilled cuts of chicken
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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