Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in South Korea - 2022
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (CIF) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (FOB) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (CIF) - 2022
The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $5,659 per ton in 2022, dropping by -12.6% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 59%. The import price peaked at $22,455 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($11,122 per ton), while the price for China amounted to $4,328 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (FOB) - 2022
The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $14,634 per ton in 2022, increasing by 40% against the previous year. Overall, the export price saw strong growth. The growth pace was the most rapid in 2018 when the average export price increased by 112%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($16,676 per ton), while the average price for exports to Vietnam ($7,756 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 Myanmar (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea
In 2022, overseas purchases of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -68.4% to 17 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 70%. As a result, imports attained the peak of 54 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s declined markedly to $94K in 2022. Over the period under review, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $339K, and then fell dramatically in the following year.
Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 170 | 219 | 159 | 57.6 | -30.3% |
Thailand | N/A | N/A | 176 | 35.5 | -79.8% |
Others | 36.4 | 0.7 | 3.7 | 0.6 | -74.6% |
Total | 207 | 219 | 339 | 93.7 | -23.2% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to South Korea in 2022:
- China (13.3 tons)
- Thailand (3.2 tons)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea
In 2022, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -2% to 2 tons, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 838% against the previous year. As a result, the exports attained the peak of 2.4 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s soared to $30K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,039% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | N/A | N/A | N/A | 13.0 | 0% |
United States | N/A | 4.8 | N/A | 7.8 | 27.5% |
Taiwan (Chinese) | N/A | N/A | 5.2 | 7.0 | 34.6% |
Japan | N/A | N/A | N/A | 1.1 | 0% |
Vietnam | 0.2 | 9.1 | 8.2 | 0.3 | 14.5% |
United Arab Emirates | 1.6 | 3.7 | N/A | N/A | 131.3% |
Myanmar | N/A | N/A | 6.1 | N/A | 0% |
Australia | N/A | 2.1 | 2.0 | N/A | -4.8% |
Others | N/A | 0.8 | N/A | 0.3 | -38.8% |
Total | 1.8 | 20.5 | 21.5 | 29.5 | 154.0% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from South Korea in 2022:
- Hong Kong SAR (869.0 kg)
- Taiwan (Chinese) (493.0 kg)
- United States (466.0 kg)
- Japan (108.0 kg)
- Vietnam (45.0 kg)
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Republic of Korea.
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Republic of Korea.
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
Explore the top import markets for prepared or preserved crab meat in 2023. Discover the key countries driving the global trade of crab meat.
Explore the top import markets for prepared or preserved crab meat in 2023. Discover the key countries driving the global trade of crab meat.