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Republic of Korea - Flours, Meals And Pellets Of Meat Or Meat Offal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Meat Meals and Pellets in South Korea - 2022
Contents:
- Price for Meat Meals and Pellets in South Korea (FOB) - 2022
- Price for Meat Meals and Pellets in South Korea (CIF) - 2022
- Exports of Meat Meals and Pellets in South Korea
- Imports of Meat Meals and Pellets in South Korea
Price for Meat Meals and Pellets in South Korea (FOB) - 2022
In December 2022, the average meat meals and pellets export price amounted to $832 per ton, which is down by -3.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 8.1% m-o-m. The export price peaked at $889 per ton in October 2022; however, from November 2022 to December 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From December 2021 to December 2022, the rate of growth in terms of prices for Vietnam amounted to +0.5% per month.
Price for Meat Meals and Pellets in South Korea (CIF) - 2022
The average meat meals and pellets import price stood at $1,888 per ton in 2022, with an increase of 9.2% against the previous year. In general, the import price showed prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 41%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,131 per ton), while the price for the Netherlands ($763 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+74.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Meat Meals and Pellets in South Korea
In 2022, shipments abroad of flours, meals and pellets of meat or meat offal was finally on the rise to reach 217 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a significant decline.
In value terms, meat meals and pellets exports surged to $165K in 2022. Overall, exports, however, recorded a precipitous descent.
Export of Meat Meals and Pellets in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 312 | 201 | 127 | 163 | -19.5% |
Others | 10.0 | 1.0 | 0.2 | 1.5 | -46.9% |
Total | 322 | 202 | 127 | 165 | -20.0% |
Top Export Markets for Meat Meals and Pellets from South Korea in 2022:
- Vietnam (215.9 tons)
Imports of Meat Meals and Pellets in South Korea
In 2022, approx. 311 tons of flours, meals and pellets of meat or meat offal were imported into South Korea; shrinking by -11.7% on the previous year's figure. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 8.4%.
In value terms, meat meals and pellets imports declined to $587K in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 7.7%.
Import of Meat Meals and Pellets in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 360 | 212 | 159 | 208 | -16.7% |
United States | 215 | 180 | 255 | 193 | -3.5% |
United Kingdom | 68.7 | 56.7 | 60.5 | 54.0 | -7.7% |
China | 23.1 | 18.8 | 10.6 | 48.2 | 27.8% |
New Zealand | 73.9 | 63.2 | 74.6 | 44.5 | -15.6% |
Netherlands | 37.5 | 29.8 | 30.5 | 25.1 | -12.5% |
Others | 7.6 | 4.7 | 17.8 | 14.0 | 22.6% |
Total | 785 | 565 | 609 | 587 | -9.2% |
Top Suppliers of Meat Meals and Pellets to South Korea in 2022:
- Australia (125.2 tons)
- China (42.7 tons)
- New Zealand (41.0 tons)
- United Kingdom (38.7 tons)
- Netherlands (33.0 tons)
- United States (27.1 tons)
This report provides an in-depth analysis of the market for meat meals and pellets in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131600 - Flours, meals and pellets of meat or meat offal unfit for human consumption, greaves
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for meat meals and pellets in Republic of Korea.
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This report provides an in-depth analysis of the market for meat meals and pellets in Republic of Korea.
This report provides an in-depth analysis of the market for seafood meals and pellets in Republic of Korea.
This report provides an in-depth analysis of the global market for meat meals and pellets.
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Explore the top 10 import markets for meat meals and pellets in the world, including countries like China, Indonesia, and Vietnam. Learn about the key statistics and trends that drive the global meat industry.
The intense trade growth seen in recent years is threatened by problems in China, due to the coronavirus epidemic and fears of economic growth.
In value terms, meat flours, meal and pellets imports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value increased at an average annual rate of...
In value terms, meat flours, meal and pellets exports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total exports value increased at an average annual rate ...
Explore the top import markets for seafood meals and pellets, including China, Norway, Turkey, and more. Get key statistics and insights from the IndexBox market intelligence platform.
Explore the top 10 import markets for meat meals and pellets in the world, including countries like China, Indonesia, and Vietnam. Learn about the key statistics and trends that drive the global meat industry.
The intense trade growth seen in recent years is threatened by problems in China, due to the coronavirus epidemic and fears of economic growth.
In value terms, meat flours, meal and pellets imports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value increased at an average annual rate of...
In value terms, meat flours, meal and pellets exports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total exports value increased at an average annual rate ...
Explore the top import markets for seafood meals and pellets, including China, Norway, Turkey, and more. Get key statistics and insights from the IndexBox market intelligence platform.