Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea - 2022
Contents:
- Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea (CIF) - 2022
- Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea (FOB) - 2022
- Imports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea
- Exports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea
Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea (CIF) - 2022
The average import price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s stood at $1,327 per ton in 2022, reducing by -13.2% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by 31% against the previous year. The import price peaked at $2,445 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -1.8% per year.
Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s amounted to $18,991 per ton, rising by 994% against the previous year. Overall, the export price enjoyed significant growth. As a result, the export price attained 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 the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.7% per year.
Imports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea
In 2022, overseas purchases of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s increased by 181% to 35 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s soared to $47K in 2022. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 35.1 | 22.0 | 18.9 | 46.6 | 9.9% |
| Norway | 2.0 | 5.2 | 0.3 | 0.4 | -41.5% |
| Others | 1.4 | N/A | N/A | N/A | 0% |
| Total | 38.5 | 27.2 | 19.2 | 47.0 | 6.9% |
Top Suppliers of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) to South Korea in 2022:
- Russia (35.3 tons)
- Norway (0.1 tons)
Exports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea
In 2022, shipments abroad of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s decreased by -88.4% to 800 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2020 when exports increased by 21% against the previous year. As a result, the exports attained the peak of 13 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s skyrocketed to $15K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 0.9 | 7.2 | 15.2 | 166.8% |
| Japan | 9.2 | 10.1 | 4.6 | N/A | -29.3% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 10.0 | 11.0 | 12.0 | 15.2 | 15.0% |
Top Export Markets for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) from South Korea in 2022:
- United States (800.0 kg)
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