Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea - 2022
Contents:
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea (CIF) - 2022
- Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea (FOB) - 2022
- Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea
- Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea (CIF) - 2022
The average import price for mollusc preparations; scallops, including queen scallops, prepared or preserveds stood at $6,100 per ton in 2022, growing by 14% against the previous year. Over the period under review, the import price continues to indicate a notable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 79%. Over the period under review, average import prices hit record highs at $10,387 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($25,121 per ton), while the price for China amounted to $5,406 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.5%).
Price for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea (FOB) - 2022
In 2022, the average export price for mollusc preparations; scallops, including queen scallops, prepared or preserveds amounted to $9,930 per ton, picking up by 11% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 306%. The export price peaked at $22,195 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($18,605 per ton), while the average price for exports to the United States ($6,168 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 Japan (+4.9%), while the prices for the other major destinations experienced a decline.
Imports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea
In 2022, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds into South Korea surged to 2.2K tons, rising by 55% compared with the year before. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; scallops, including queen scallops, prepared or preserveds surged to $13M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 5.0 | 7.1 | 11.4 | 33.4% |
| United States | 0.2 | 0.8 | 0.2 | 1.8 | 108.0% |
| Others | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Total | 5.2 | 5.9 | 7.6 | 13.4 | 37.1% |
Top Suppliers of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved to South Korea in 2022:
- China (2112.8 tons)
- United States (72.0 tons)
Exports of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea
In 2022, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds from South Korea soared to 8.3 tons, rising by 19% compared with the year before. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 328% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of mollusc preparations; scallops, including queen scallops, prepared or preserveds skyrocketed to $83K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 407% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 3.3 | 23.5 | 24.5 | 64.5% |
| Canada | N/A | N/A | 5.2 | 19.7 | 278.8% |
| Australia | N/A | N/A | 3.5 | 15.2 | 334.3% |
| Japan | 5.8 | 7.1 | 13.5 | 9.7 | 18.7% |
| Hong Kong SAR | N/A | N/A | 11.8 | 9.1 | -22.9% |
| New Zealand | N/A | N/A | N/A | 2.5 | 0% |
| Others | 5.3 | 1.9 | 4.9 | 1.9 | -29.0% |
| Total | 16.5 | 12.3 | 62.3 | 82.7 | 71.1% |
Top Export Markets for Mollusc Preparations; Scallops, Including Queen Scallops, Prepared or Preserved from South Korea in 2022:
- United States (4.0 tons)
- Australia (1.2 tons)
- Japan (1.2 tons)
- Canada (1.1 tons)
- Hong Kong SAR (0.6 tons)
- New Zealand (0.2 tons)
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