Price for Fish; Live, Ornamental, Other than Freshwater in South Korea - 2022
Contents:
- Price for Fish; Live, Ornamental, Other than Freshwater in South Korea (CIF) - 2022
- Price for Fish; Live, Ornamental, Other than Freshwater in South Korea (FOB) - 2022
- Imports of Fish; Live, Ornamental, Other than Freshwater in South Korea
- Exports of Fish; Live, Ornamental, Other than Freshwater in South Korea
Price for Fish; Live, Ornamental, Other than Freshwater in South Korea (CIF) - 2022
In 2022, the average import price for fish; live, ornamental, other than freshwater amounted to $40,598 per ton, with an increase of 45% against the previous year. In general, the import price, however, showed a perceptible decrease. Over the period under review, average import prices attained the maximum at $64,878 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 the United States ($142,962 per ton), while the price for the Philippines ($14,298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fish; Live, Ornamental, Other than Freshwater in South Korea (FOB) - 2022
In 2022, the average export price for fish; live, ornamental, other than freshwater amounted to $36,028 per ton, dropping by -69.1% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 152%. The export price peaked at $116,455 per ton in 2021, and then reduced rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($44,650 per ton), while the average price for exports to Indonesia totaled $29,061 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+191.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish; Live, Ornamental, Other than Freshwater in South Korea
In 2022, supplies from abroad of fish; live, ornamental, other than freshwater decreased by -45.7% to 35 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 96% against the previous year. As a result, imports reached the peak of 64 tons, and then contracted dramatically in the following year.
In value terms, imports of fish; live, ornamental, other than freshwater dropped significantly to $1.4M in 2022. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 6.8% against the previous year. As a result, imports attained the peak of $2.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fish; Live, Ornamental, Other than Freshwater in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 466 | 494 | 415 | 402 | -4.8% |
| United States | 303 | 342 | 157 | 319 | 1.7% |
| Philippines | 193 | 183 | 185 | 185 | -1.4% |
| Sri Lanka | 155 | 84.8 | 117 | 73.9 | -21.9% |
| Thailand | 40.6 | 56.2 | 24.6 | 60.8 | 14.4% |
| Others | 769 | 898 | 897 | 371 | -21.6% |
| Total | 1,927 | 2,058 | 1,794 | 1,412 | -9.8% |
Top Suppliers of Fish; Live, Ornamental, Other than Freshwater to South Korea in 2022:
- Indonesia (16.8 tons)
- Philippines (12.9 tons)
- United States (2.2 tons)
- Thailand (0.8 tons)
- Sri Lanka (0.5 tons)
Exports of Fish; Live, Ornamental, Other than Freshwater in South Korea
In 2022, overseas shipments of fish; live, ornamental, other than freshwater decreased by -49.4% to 179 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 254% against the previous year. As a result, the exports attained the peak of 354 kg, and then fell dramatically in the following year.
In value terms, exports of fish; live, ornamental, other than freshwater dropped significantly to $6.4K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 306% against the previous year. As a result, the exports reached the peak of $41K, and then fell dramatically in the following year.
| Export of Fish; Live, Ornamental, Other than Freshwater in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.1 | 2.1 | 5.2 | 3.6 | 230.2% |
| Indonesia | N/A | N/A | N/A | 2.9 | 0% |
| Hong Kong SAR | 2.4 | 0.2 | 6.7 | N/A | 67.1% |
| Thailand | N/A | N/A | 4.8 | N/A | 0% |
| China | 0.8 | 6.9 | 21.1 | N/A | 413.6% |
| Malaysia | 0.1 | 0.8 | 2.9 | N/A | 438.5% |
| Others | N/A | 0.1 | 0.6 | N/A | 500.0% |
| Total | 3.4 | 10.2 | 41.2 | 6.4 | 23.5% |
Top Export Markets for Fish; Live, Ornamental, Other than Freshwater from South Korea in 2022:
- Indonesia (99.0 kg)
- Japan (80.0 kg)
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