Price for Smoked Fish, Incl. Fillets in South Korea - 2022
Contents:
- Price for Smoked Fish, Incl. Fillets in South Korea (CIF) - 2022
- Price for Smoked Fish, Incl. Fillets in South Korea (FOB) - 2022
- Imports of Smoked Fish, Incl. Fillets in South Korea
- Exports of Smoked Fish, Incl. Fillets in South Korea
Price for Smoked Fish, Incl. Fillets in South Korea (CIF) - 2022
The average smoked fish, incl. fillets import price stood at $9,215 per ton in December 2022, rising by 14% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 22% month-to-month. As a result, import price attained the peak level of $9,828 per ton. From June 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($24,727 per ton), while the price for Indonesia ($8,279 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 China (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Smoked Fish, Incl. Fillets in South Korea (FOB) - 2022
In 2022, the average smoked fish, incl. fillets export price amounted to $12,779 per ton, growing by 57% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, smoked fish, incl. fillets export price increased by +79.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 100%. As a result, the export price attained the peak level of $12,866 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($19,285 per ton), while the average price for exports to the Philippines ($6,584 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 Russia (+112.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Smoked Fish, Incl. Fillets in South Korea
In 2022, purchases abroad of smoked fish, incl. fillets decreased by -57.1% to 425 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a significant contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, smoked fish, incl. fillets imports fell markedly to $2.9M in 2022. In general, imports saw a dramatic setback. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $9.3M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Smoked Fish, Incl. Fillets in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.5 | 5.4 | 3.4 | 1.4 | -32.2% |
| Philippines | 2.2 | 1.9 | 2.7 | 0.9 | -25.8% |
| Thailand | 0.7 | 1.4 | 1.2 | 0.4 | -17.0% |
| Japan | 0.7 | 0.5 | 0.7 | 0.2 | -34.1% |
| China | N/A | N/A | 0.3 | 0.1 | -66.7% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 8.1 | 9.3 | 8.3 | 2.9 | -29.0% |
Top Suppliers of Smoked Fish, Incl. Fillets to South Korea in 2022:
- Indonesia (207.8 tons)
- Philippines (126.8 tons)
- Thailand (53.6 tons)
- China (19.8 tons)
- Japan (12.2 tons)
Exports of Smoked Fish, Incl. Fillets in South Korea
In 2022, the amount of smoked fish, incl. fillets exported from South Korea declined markedly to 38 tons, waning by -47.3% compared with the previous year's figure. In general, exports faced a deep setback. The growth pace was the most rapid in 2021 when exports increased by 33% against the previous year.
In value terms, smoked fish, incl. fillets exports fell significantly to $483K in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, the exports attained the peak of $582K, and then declined rapidly in the following year.
| Export of Smoked Fish, Incl. Fillets in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 156 | 169 | 213 | 178 | 4.5% |
| Japan | 69.2 | 51.2 | 150 | 125 | 21.8% |
| Canada | 138 | 53.6 | 10.9 | 57.2 | -25.4% |
| Singapore | 16.9 | 17.9 | 54.5 | 45.6 | 39.2% |
| Philippines | 15.9 | 0.1 | 18.6 | 15.5 | -0.8% |
| Indonesia | 94.6 | N/A | N/A | N/A | 0% |
| Others | 88.7 | 93.4 | 135 | 60.9 | -11.8% |
| Total | 579 | 385 | 582 | 483 | -5.9% |
Top Export Markets for Smoked Fish, Incl. Fillets from South Korea in 2022:
- United States (13.4 tons)
- Japan (12.9 tons)
- Singapore (4.8 tons)
- Canada (3.0 tons)
- Philippines (2.4 tons)
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