Price for Mollusc Preparations; Abalone, Prepared or Preserved in South Korea - 2022
Contents:
- Price for Mollusc Preparations; Abalone, Prepared or Preserved in South Korea (CIF) - 2022
- Price for Mollusc Preparations; Abalone, Prepared or Preserved in South Korea (FOB) - 2022
- Imports of Mollusc Preparations; Abalone, Prepared or Preserved in South Korea
- Exports of Mollusc Preparations; Abalone, Prepared or Preserved in South Korea
Price for Mollusc Preparations; Abalone, Prepared or Preserved in South Korea (CIF) - 2022
The average import price for mollusc preparations; abalone, prepared or preserveds stood at $21,957 per ton in December 2022, with an increase of 7.5% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +4.4%. The growth pace was the most rapid in January 2022 when the average import price increased by 41% m-o-m. The import price peaked in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($25,899 per ton), while the price for China ($3,028 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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Abalone, Prepared or Preserved in South Korea (FOB) - 2022
In 2022, the average export price for mollusc preparations; abalone, prepared or preserveds amounted to $28,093 per ton, with a decrease of -12% against the previous year. Overall, the export price saw a slight contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $44,335 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($40,127 per ton), while the average price for exports to the Philippines ($2,151 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 the United States (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Abalone, Prepared or Preserved in South Korea
In 2022, imports of mollusc preparations; abalone, prepared or preserveds into South Korea soared to 869 tons, with an increase of 25% on 2021 figures. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of mollusc preparations; abalone, prepared or preserveds skyrocketed to $17M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.7% against 2020 indices.
| Import of Mollusc Preparations; Abalone, Prepared or Preserved in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 11.6 | 14.9 | 7.7 | 13.2 | 4.4% |
| Malaysia | 1.8 | 3.7 | 2.8 | 3.3 | 22.4% |
| China | 0.1 | 0.3 | 0.6 | 0.6 | 81.7% |
| Indonesia | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 13.8 | 19.2 | 11.5 | 17.3 | 7.8% |
Top Suppliers of Mollusc Preparations; Abalone, Prepared or Preserved to South Korea in 2022:
- Philippines (612.9 tons)
- Malaysia (181.8 tons)
- China (53.9 tons)
- Indonesia (18.4 tons)
Exports of Mollusc Preparations; Abalone, Prepared or Preserved in South Korea
For the third year in a row, South Korea recorded decline in overseas shipments of mollusc preparations; abalone, prepared or preserveds, which decreased by -0.8% to 62 tons in 2022. In general, exports faced a sharp reduction.
In value terms, exports of mollusc preparations; abalone, prepared or preserveds reduced to $1.7M in 2022. Overall, exports faced a dramatic shrinkage.
| Export of Mollusc Preparations; Abalone, Prepared or Preserved in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 980 | 648 | 534 | 591 | -15.5% |
| Singapore | 2,449 | 1,159 | 910 | 579 | -38.2% |
| United States | 89.8 | 235 | 348 | 295 | 48.7% |
| Vietnam | 41.4 | 25.5 | 11.8 | 90.2 | 29.6% |
| Hong Kong SAR | 937 | 357 | 31.1 | 58.0 | -60.4% |
| Canada | 332 | 200 | 43.5 | 56.6 | -44.6% |
| Malaysia | 1.4 | 10.4 | 69.0 | 13.7 | 113.9% |
| Philippines | 8.2 | 6.6 | 5.2 | 4.1 | -20.6% |
| Others | 193 | 46.4 | 49.7 | 60.4 | -32.1% |
| Total | 5,031 | 2,689 | 2,003 | 1,747 | -29.7% |
Top Export Markets for Mollusc Preparations; Abalone, Prepared or Preserved from South Korea in 2022:
- Japan (21.3 tons)
- Singapore (18.0 tons)
- United States (12.5 tons)
- Vietnam (2.2 tons)
- Hong Kong SAR (2.0 tons)
- Philippines (1.9 tons)
- Canada (1.6 tons)
- Malaysia (1.0 tons)
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