Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea - 2022

Contents:

1. Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea (CIF) - 2022
2. Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea (FOB) - 2022
3. Imports of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea
4. Exports of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea

Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea (CIF) - 2022

In December 2022, the average import price for fish fillets; frozen, alaska pollack (theraga chalcogramma)s amounted to $3,226 per ton, falling by -4% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average import price increased by 17% m-o-m. The import price peaked at $3,936 per ton in October 2022; however, from November 2022 to December 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($4,240 per ton), while the price for Russia ($3,125 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 (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, alaska pollack (theraga chalcogramma)s amounted to $3,108 per ton, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,361 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,193 per ton), while the average price for exports to Malaysia ($1,010 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 Germany (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea

In 2022, approx. 21K tons of fish fillets; frozen, alaska pollack (theraga chalcogramma)s were imported into South Korea; waning by -13% against the year before. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of 25K tons, and then contracted in the following year.

In value terms, imports of fish fillets; frozen, alaska pollack (theraga chalcogramma)s totaled $71M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) to South Korea in 2022:

1. Russia (19.8K tons)
2. United States (1.2K tons)
3. China (0.4K tons)

Exports of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in South Korea

After three years of growth, shipments abroad of fish fillets; frozen, alaska pollack (theraga chalcogramma)s decreased by -24.5% to 3.4K tons in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 2,267%. As a result, the exports reached the peak of 4.6K tons, and then declined significantly in the following year.

In value terms, exports of fish fillets; frozen, alaska pollack (theraga chalcogramma)s declined to $11M in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,737% against the previous year. As a result, the exports attained the peak of $12M, and then contracted in the following year.

Top Export Markets for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) from South Korea in 2022:

1. China (2947.2 tons)
2. United Kingdom (119.9 tons)
3. Malaysia (108.0 tons)
4. Thailand (100.3 tons)
5. Germany (63.6 tons)

Source: IndexBox Market Intelligence Platform