Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea - 2022
Contents:
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea (FOB) - 2022
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea (CIF) - 2022
- Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea
- Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea (FOB) - 2022
The average export price for fish fillets; fresh or chilled, other than fish of heading 0304.4s stood at $13,664 per ton in December 2022, increasing by 5.6% against the previous month. In general, the export price, however, showed a slight shrinkage. The pace of growth was the most pronounced in March 2022 when the average export price increased by 10% against the previous month. Over the period under review, the average export prices hit record highs at $16,008 per ton in July 2022; however, from August 2022 to December 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was the United States ($32,756 per ton), while the average price for exports to Japan totaled $12,479 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.5%).
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea (CIF) - 2022
The average import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s stood at $48,625 per ton in December 2022, approximately reflecting the previous month. Over the period under review, the import price showed a modest increase. The most prominent rate of growth was recorded in August 2022 an increase of 8.1% month-to-month. The import price peaked at $49,018 per ton in February 2022; however, from March 2022 to December 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From December 2021 to December 2022, the rate of growth in terms of prices for Spain amounted to +1.1% per month.
Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea
In 2022, shipments abroad of fish fillets; fresh or chilled, other than fish of heading 0304.4s increased by 10% to 978 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt curtailment.
In value terms, exports of fish fillets; fresh or chilled, other than fish of heading 0304.4s soared to $14M in 2022. Overall, exports, however, recorded a deep slump.
| Export of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 16.5 | 12.2 | 11.3 | 12.7 | -8.4% |
| United States | N/A | 0.1 | 0.2 | 0.8 | 182.8% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 16.6 | 12.4 | 11.6 | 13.5 | -6.7% |
Top Export Markets for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 from South Korea in 2022:
- Japan (956.5 tons)
- United States (20.6 tons)
Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea
After three years of growth, overseas purchases of fish fillets; fresh or chilled, other than fish of heading 0304.4s decreased by -1.4% to 17 tons in 2022. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 15%. As a result, imports reached the peak of 17 tons, and then reduced modestly in the following year.
In value terms, imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s rose significantly to $779K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 212 | 397 | 604 | 778 | 54.2% |
| Australia | 187 | 119 | 89.3 | N/A | -30.9% |
| Others | 19.1 | 23.2 | 0.2 | 1.5 | -57.2% |
| Total | 419 | 539 | 693 | 779 | 23.0% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 to South Korea in 2022:
- Spain (16.5 tons)
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