Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea - 2022
Contents:
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea (CIF) - 2022
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea (FOB) - 2022
- Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea
- Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea (CIF) - 2022
The average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $7,423 per ton in December 2022, with a decrease of -9.6% against the previous month. Overall, import price indicated a noticeable expansion from December 2021 to December 2022: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s increased by +43.5% against October 2022 indices. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 87% against the previous month. Over the period under review, average import prices hit record highs at $8,216 per ton in November 2022, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Thailand ($12,100 per ton), while the price for Russia ($6,836 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 Russia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea (FOB) - 2022
The average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $2,286 per ton in December 2022, approximately mirroring the previous month. Overall, the export price faced a drastic downturn. The pace of growth appeared the most rapid in January 2022 an increase of 44% month-to-month. As a result, the export price attained the peak level of $14,694 per ton. From February 2022 to December 2022, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +8.1% per month.
Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea
In 2022, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s into South Korea amounted to 977 tons, with an increase of 11% on 2021 figures. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s surged to $6.4M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.9 | 3.0 | 3.2 | 4.7 | 17.5% |
| United States | 2.6 | 1.4 | 1.3 | 1.5 | -16.8% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
| Total | 5.6 | 4.7 | 4.7 | 6.4 | 4.6% |
Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to South Korea in 2022:
- Russia (716.3 tons)
- United States (219.2 tons)
- Canada (23.6 tons)
Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea
In 2022, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s from South Korea skyrocketed to 93 tons, picking up by 168% compared with 2021. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s surged to $209K in 2022. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 111% against the previous year. As a result, the exports reached the peak of $263K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 102 | 244 | 87.7 | 193 | 23.7% |
| Others | 23.2 | 18.9 | 19.9 | 15.7 | -12.2% |
| Total | 125 | 263 | 108 | 209 | 18.7% |
Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from South Korea in 2022:
- China (92.2 tons)
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