Price for Fish; Edible Offal, Shark Fins in South Korea - 2022

Contents:

1. Price for Fish; Edible Offal, Shark Fins in South Korea (FOB) - 2022
2. Price for Fish; Edible Offal, Shark Fins in South Korea (CIF) - 2022
3. Exports of Fish; Edible Offal, Shark Fins in South Korea
4. Imports of Fish; Edible Offal, Shark Fins in South Korea

Price for Fish; Edible Offal, Shark Fins in South Korea (FOB) - 2022

In 2022, the average export price for fish; edible offal, shark finses amounted to $27,227 per ton, growing by 6.1% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. The growth pace was the most rapid in 2015 when the average export price increased by 26%. Over the period under review, the average export prices attained the peak figure at $37,038 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($48,525 per ton), while the average price for exports to Mauritius ($2,739 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 Mauritius (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Fish; Edible Offal, Shark Fins in South Korea (CIF) - 2022

The average import price for fish; edible offal, shark finses stood at $65,025 per ton in 2022, rising by 131% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $70,429 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($254,037 per ton), while the price for Mauritius ($1,979 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.3%), while the prices for the other major suppliers experienced a decline.

Exports of Fish; Edible Offal, Shark Fins in South Korea

Fish; edible offal, shark fins exports from South Korea dropped significantly to 10 tons in 2022, shrinking by -41.1% against the year before. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 269%.

In value terms, fish; edible offal, shark fins exports dropped significantly to $275K in 2022. Overall, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 300% against the previous year.

Top Export Markets for Fish; Edible Offal, Shark Fins from South Korea in 2022:

1. Singapore (3.6 tons)
2. Hong Kong SAR (3.4 tons)
3. Malaysia (1.8 tons)
4. Mauritius (1.2 tons)

Imports of Fish; Edible Offal, Shark Fins in South Korea

In 2022, after two years of decline, there was significant growth in supplies from abroad of fish; edible offal, shark finses, when their volume increased by 8.6% to 658 kg. Over the period under review, imports, however, saw a precipitous decrease.

In value terms, fish; edible offal, shark fins imports skyrocketed to $43K in 2022. Overall, imports, however, showed a sharp curtailment.

Top Suppliers of Fish; Edible Offal, Shark Fins to South Korea in 2022:

1. Mauritius (400.0 kg)
2. Singapore (114.0 kg)
3. Malaysia (76.0 kg)
4. Hong Kong SAR (36.0 kg)
5. Indonesia (33.0 kg)

Source: IndexBox Market Intelligence Platform