Price for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in South Korea - 2022
Contents:
- Price for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in South Korea (CIF) - 2022
- Imports of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in South Korea
Price for Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in South Korea (CIF) - 2022
The average import price for fish stood at $3,093 per ton in 2022, shrinking by -8.8% against the previous year. In general, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2013 when the average import price decreased by less than 0.1% against the previous year. The import price peaked at $7,119 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($9,015 per ton), while the price for India ($950 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.3%), while the prices for the other major suppliers experienced a decline.
Imports of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas purchases of fish, which increased by 4.1% to 2.4K tons in 2022. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat 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.
In value terms, imports of fish fell to $7.5M in 2022. Overall, imports, however, saw a deep contraction. The smallest decline of -5.1% was in 2020.
| Import of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 7.0 | 6.5 | 6.1 | 5.7 | -6.6% |
| Ecuador | 1.4 | 1.4 | 1.5 | 1.5 | 2.3% |
| India | 0.5 | 0.4 | 0.3 | 0.3 | -15.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.8 | 8.4 | 7.9 | 7.5 | -5.2% |
Top Suppliers of Fish; Fillets, Frozen, Other than Swordfish (Xiphias Gladius) and Toothfish (Dissostichus Spp.) to South Korea in 2022:
- Ecuador (1499.3 tons)
- Taiwan (Chinese) (632.6 tons)
- India (285.6 tons)
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