Price for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea - 2022
Contents:
- Price for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea (FOB) - 2022
- Price for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea (CIF) - 2022
- Exports of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea
- Imports of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea
Price for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea (FOB) - 2022
The average export price for fish fillets; frozen, swordfish (xiphias gladius)s stood at $7,696 per ton in December 2022, reducing by -12.4% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 16% m-o-m. The export price peaked at $10,290 per ton in June 2022; however, from July 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($11,260 per ton), while the average price for exports to the Philippines ($1,599 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.7%), while the prices for the other major destinations experienced a decline.
Price for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea (CIF) - 2022
The average import price for fish fillets; frozen, swordfish (xiphias gladius)s stood at $11,828 per ton in December 2022, declining by -40.8% against the previous month. Overall, the import price showed a pronounced descent. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 69% month-to-month. As a result, import price reached the peak level of $22,221 per ton. From April 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($20,562 per ton), while the price for Chile ($6,390 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 Indonesia (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea
In 2022, overseas shipments of fish fillets; frozen, swordfish (xiphias gladius)s decreased by -34.9% to 892 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 4.3%. As a result, the exports reached the peak of 1.9K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fish fillets; frozen, swordfish (xiphias gladius)s shrank notably to $8.2M in 2022. Over the period under review, exports saw a deep contraction. The smallest decline of -10.8% was in 2020.
| Export of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.8 | 11.7 | 8.6 | 6.6 | -19.8% |
| United States | N/A | 0.1 | 0.4 | 0.9 | 200.0% |
| Italy | 0.4 | 0.3 | 0.1 | 0.4 | 0.0% |
| Philippines | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Others | 0.6 | 0.2 | 0.5 | 0.1 | -45.0% |
| Total | 13.9 | 12.4 | 9.8 | 8.2 | -16.1% |
Top Export Markets for Fish Fillets; Frozen, Swordfish (Xiphias Gladius) from South Korea in 2022:
- Japan (673.6 tons)
- United States (92.6 tons)
- Philippines (82.5 tons)
- Italy (33.6 tons)
Imports of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea
Imports of fish fillets; frozen, swordfish (xiphias gladius)s into South Korea was estimated at 388 tons in 2022, with an increase of 6.8% compared with 2021. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 8.5%. As a result, imports reached the peak of 393 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fish fillets; frozen, swordfish (xiphias gladius)s shrank dramatically to $4.9M in 2022. Over the period under review, imports, however, showed a mild decline. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $5.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2,229 | 2,144 | 3,265 | 2,367 | 2.0% |
| China | 1,004 | 771 | 1,123 | 829 | -6.2% |
| Spain | 31.2 | 302 | 212 | 641 | 173.9% |
| Japan | 517 | 421 | 398 | 306 | -16.0% |
| Seychelles | 353 | 431 | 441 | 252 | -10.6% |
| Indonesia | 404 | 480 | 148 | 241 | -15.8% |
| Vanuatu | 414 | 1,106 | 195 | 167 | -26.1% |
| Others | 182 | 217 | 41.2 | 135 | -9.5% |
| Total | 5,134 | 5,872 | 5,823 | 4,938 | -1.3% |
Top Suppliers of Fish Fillets; Frozen, Swordfish (Xiphias Gladius) to South Korea in 2022:
- Spain (139.9 tons)
- Taiwan (Chinese) (136.5 tons)
- China (44.4 tons)
- Indonesia (17.8 tons)
- Japan (15.3 tons)
- Seychelles (13.0 tons)
- Vanuatu (11.4 tons)
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