Price for Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea - 2022
Contents:
- Price for Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea (CIF) - 2022
- Price for Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea (FOB) - 2022
- Imports of Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea
- Exports of Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea
Price for Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, toothfish (dissostichus spp.)s amounted to $23,115 per ton, with a decrease of -23.6% against the previous year. Over the period under review, the import price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 121% against the previous year. As a result, import price attained the peak level of $30,273 per ton, and then declined rapidly in the following year.
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 the UK ($29,034 per ton), while the price for Chile amounted to $16,900 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, toothfish (dissostichus spp.)s amounted to $24,000 per ton, jumping by 15% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish fillets; frozen, toothfish (dissostichus spp.)s increased by +76.3% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.6% per year.
Imports of Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea
In 2022, the amount of fish fillets; frozen, toothfish (dissostichus spp.)s imported into South Korea shrank rapidly to 4 tons, which is down by -41.4% on the year before. In general, imports faced a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 4.3%.
In value terms, imports of fish fillets; frozen, toothfish (dissostichus spp.)s contracted significantly to $92K in 2022. Over the period under review, imports recorded a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 130%. As a result, imports attained the peak of $205K, and then reduced rapidly in the following year.
| Import of Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 98.4 | 59.0 | -40.0% |
| Chile | 60.5 | 43.4 | 29.5 | 32.7 | -18.5% |
| Singapore | 42.4 | 45.6 | 76.3 | N/A | 34.1% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 103 | 88.9 | 205 | 91.7 | -3.8% |
Top Suppliers of Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) to South Korea in 2022:
- United Kingdom (2.0 tons)
- Chile (1.9 tons)
Exports of Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea
Exports of fish fillets; frozen, toothfish (dissostichus spp.)s from South Korea fell dramatically to 100 kg in 2022, reducing by -77.1% on 2021 figures. In general, exports showed a dramatic setback. The smallest decline of -52.1% was in 2020.
In value terms, exports of fish fillets; frozen, toothfish (dissostichus spp.)s declined remarkably to $2.4K in 2022. Over the period under review, exports faced a sharp reduction. The smallest decline of -48.7% was in 2020.
| Export of Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 34.5 | 17.7 | 9.1 | 2.4 | -58.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 34.5 | 17.7 | 9.1 | 2.4 | -58.9% |
Top Export Markets for Fish Fillets; Frozen, Toothfish (Dissostichus Spp.) from South Korea in 2022:
- Canada (100.0 kg)
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