Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea - 2022

Contents:

1. Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea (CIF) - 2022
2. Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea (FOB) - 2022
3. Imports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea
4. Exports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea

Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea (CIF) - 2022

In 2022, the average import price for mollusc preparations; snails, other than sea snails, prepared or preserveds amounted to $13,437 per ton, growing by 33% against the previous year. In general, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 93%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($98,728 per ton), while the price for Indonesia ($4,417 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+691.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea (FOB) - 2022

In 2022, the average export price for mollusc preparations; snails, other than sea snails, prepared or preserveds amounted to $235,773 per ton, jumping by 3,789% against the previous year. In general, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 France ($244,556 per ton), while the average price for exports to Guam stood at $115,733 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guam (+177.4%).

Imports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea

In 2022, after two years of decline, there was significant growth in purchases abroad of mollusc preparations; snails, other than sea snails, prepared or preserveds, when their volume increased by 89% to 37 tons. In general, imports, however, saw a sharp decline.

In value terms, imports of mollusc preparations; snails, other than sea snails, prepared or preserveds soared to $491K in 2022. Over the period under review, imports, however, continue to indicate a pronounced curtailment.

Top Suppliers of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved to South Korea in 2022:

1. Indonesia (15.9 tons)
2. China (15.8 tons)
3. France (2.6 tons)
4. Vietnam (2.3 tons)

Exports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in South Korea

In 2022, overseas shipments of mollusc preparations; snails, other than sea snails, prepared or preserveds decreased by -2.7% to 220 kg, falling for the second year in a row after two years of growth. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 90%. As a result, the exports reached the peak of 240 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of mollusc preparations; snails, other than sea snails, prepared or preserveds soared to $52K in 2022. Over the period under review, exports, however, showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved from South Korea in 2022:

1. France (205.0 kg)
2. Guam (15.0 kg)

Source: IndexBox Market Intelligence Platform