Live Fish Price in South Korea - 2022
Contents:
- Live Fish Price in South Korea (CIF) - 2022
- Live Fish Price in South Korea (FOB) - 2022
- Live Fish Imports in South Korea
- Live Fish Exports in South Korea
Live Fish Price in South Korea (CIF) - 2022
In December 2022, the average live fish import price amounted to $8,873 per ton, surging by 8.2% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2022 when the average import price increased by 100% month-to-month. Over the period under review, average import prices reached the maximum at $35,290 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11,468 per ton), while the price for China ($6,586 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced a decline.
Live Fish Price in South Korea (FOB) - 2022
The average live fish export price stood at $15,164 per ton in December 2022, approximately reflecting the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 when the average export price increased by 28% m-o-m. The export price peaked at $17,184 per ton in May 2022; however, from June 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($26,307 per ton), while the average price for exports to Japan ($12,504 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.2%), while the prices for the other major destinations experienced a decline.
Live Fish Imports in South Korea
In 2022, overseas purchases of live fish decreased by -3.5% to 32K tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 6.5% against the previous year. As a result, imports attained the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, live fish imports dropped to $228M in 2022. Over the period under review, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.
| Import of Live Fish in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 133 | 93.8 | 118 | 130 | -0.8% |
| Japan | 50.5 | 36.4 | 64.7 | 64.6 | 8.6% |
| United States | 8.2 | 4.9 | 5.0 | 7.0 | -5.1% |
| Hong Kong SAR | 46.8 | 70.6 | 26.7 | 4.4 | -54.5% |
| Others | 22.0 | 10.7 | 25.8 | 22.9 | 1.3% |
| Total | 261 | 216 | 240 | 228 | -4.4% |
Top Suppliers of Live Fish to South Korea in 2022:
- China (22.0K tons)
- Japan (8.5K tons)
- United States (1.1K tons)
- Hong Kong SAR (0.1K tons)
Live Fish Exports in South Korea
After two years of decline, overseas shipments of live fish increased by 0.2% to 3.6K tons in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage.
In value terms, live fish exports fell to $54M in 2022. In general, exports, however, recorded a mild descent. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. As a result, the exports attained the peak of $59M, and then declined in the following year.
| Export of Live Fish in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 43.0 | 34.5 | 37.3 | 31.7 | -9.7% |
| United States | 11.3 | 12.0 | 19.2 | 18.3 | 17.4% |
| Vietnam | N/A | N/A | N/A | 2.2 | 0% |
| Others | 2.6 | 2.3 | 2.1 | 1.5 | -16.8% |
| Total | 56.9 | 48.8 | 58.7 | 53.7 | -1.9% |
Top Export Markets for Live Fish from South Korea in 2022:
- Japan (2253.8 tons)
- United States (1164.0 tons)
- Vietnam (93.8 tons)
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