Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea - 2022

Contents:

1. Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea (CIF) - 2022
2. Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea (FOB) - 2022
3. Imports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea
4. Exports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea

Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea (CIF) - 2022

In 2022, the average import price for poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat amounted to $6.2 per unit, falling by -2.5% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 71%. As a result, import price reached the peak level of $12 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($6.2 per unit), while the price for the UK stood at $6.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+35.0%).

Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea (FOB) - 2022

In 2022, the average export price for poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat amounted to $7.3 per unit, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Mongolia.

From 2012 to 2022, the rate of growth in terms of prices for Mongolia amounted to +2.2% per year.

Imports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea

For the fourth consecutive year, South Korea recorded growth in supplies from abroad of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat, which increased by 1% to 230K units in 2022. Over the period under review, imports continue to indicate slight growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat declined to $1.4M in 2022. In general, imports, however, showed a slight decrease. The smallest decline of -1.6% was in 2020. Over the period under review, imports of reached the maximum at $1.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g to South Korea in 2022:

1. United Kingdom (226.1K units)
2. South Africa (3.6K units)

Exports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in South Korea

In 2022, the amount of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat exported from South Korea fell to 3.1K units, dropping by -11.9% on 2021. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 237%. Over the period under review, the exports of reached the maximum at 3.7K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat stood at $23K in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 261% against the previous year. Over the period under review, the exports of reached the maximum at $23K in 2019; afterwards, it flattened through to 2022.

Top Export Markets for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g from South Korea in 2022:

1. Mongolia (3.1K units)

Source: IndexBox Market Intelligence Platform