Price for Fish; Live, Ornamental, Freshwater in South Korea - 2022

Contents:

1. Price for Fish; Live, Ornamental, Freshwater in South Korea (CIF) - 2022
2. Price for Fish; Live, Ornamental, Freshwater in South Korea (FOB) - 2022
3. Imports of Fish; Live, Ornamental, Freshwater in South Korea
4. Exports of Fish; Live, Ornamental, Freshwater in South Korea

Price for Fish; Live, Ornamental, Freshwater in South Korea (CIF) - 2022

In 2022, the average fish; live, ornamental, freshwater import price amounted to $58,755 per ton, falling by -27.5% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 6.9%. Over the period under review, average import prices reached the peak figure at $109,782 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($161,072 per ton), while the price for Colombia ($33,954 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish; Live, Ornamental, Freshwater in South Korea (FOB) - 2022

The average fish; live, ornamental, freshwater export price stood at $33,357 per ton in 2022, rising by 8.2% against the previous year. In general, the export price showed temperate growth. The pace of growth appeared the most rapid in 2018 an increase of 104% against the previous year. As a result, the export price attained the peak level of $72,406 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($66,857 per ton), while the average price for exports to the UK ($1,000 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 Algeria (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish; Live, Ornamental, Freshwater in South Korea

In 2022, imports of fish; live, ornamental, freshwater into South Korea soared to 108 tons, jumping by 34% against 2021. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.2% 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 +78.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish; live, ornamental, freshwater imports contracted modestly to $6.4M in 2022. The total import value increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports reached the peak of $6.6M, and then contracted in the following year.

Top Suppliers of Fish; Live, Ornamental, Freshwater to South Korea in 2022:

1. Thailand (36.4 tons)
2. Indonesia (23.0 tons)
3. Sri Lanka (16.1 tons)
4. Singapore (7.2 tons)
5. Vietnam (5.3 tons)
6. Colombia (4.4 tons)
7. Malaysia (3.6 tons)
8. Taiwan (Chinese) (2.3 tons)
9. Brazil (2.2 tons)
10. China (1.7 tons)
11. Peru (1.7 tons)

Exports of Fish; Live, Ornamental, Freshwater in South Korea

In 2022, the amount of fish; live, ornamental, freshwater exported from South Korea dropped to 42 kg, falling by -4.5% compared with the year before. Over the period under review, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 33%.

In value terms, fish; live, ornamental, freshwater exports amounted to $1.4K in 2022. Overall, exports showed a sharp descent.

Top Export Markets for Fish; Live, Ornamental, Freshwater from South Korea in 2022:

1. United States (12.0 kg)
2. Hong Kong SAR (10.0 kg)
3. Japan (8.0 kg)
4. Malaysia (7.0 kg)
5. Canada (4.0 kg)
6. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform