Report Update Nov 1, 2024

Republic of Korea - Cod, Salted or in Brine - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in Republic of Korea

In 2022, the South Korean market for cod, salted or in brine decreased by -98.2% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a precipitous setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Cod, Salted or in Brine

Exports from Republic of Korea

After two years of decline, overseas shipments of cod, salted or in brine increased by 80% to X kg in 2021. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 953%. As a result, the exports reached the peak of X kg. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, cod, salted or in brine exports surged to $X in 2021. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 859% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X kg) was the main destination for cod, salted or in brine exports from South Korea, accounting for a approx. 51% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Singapore stood at +1.3%.

In value terms, Singapore ($X) emerged as the key foreign market for cod, salted or in brine exports from South Korea.

From 2013 to 2021, the average annual rate of growth in terms of value to Singapore totaled +17.7%.

Export Prices by Country

In 2021, the average export price for cod, salted or in brine amounted to $X per ton, rising by 60% against the previous year. Overall, the export price, however, recorded a pronounced slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2013 to 2021, the rate of growth in terms of prices for Singapore amounted to +16.2% per year.

Imports of Cod, Salted or in Brine

Imports into Republic of Korea

In 2022, the amount of cod, salted or in brine imported into South Korea contracted markedly to X kg, which is down by -98.5% compared with the previous year's figure. Overall, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2017 with an increase of 770%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cod, salted or in brine imports shrank markedly to $X in 2022. Over the period under review, imports showed a sharp reduction. The pace of growth appeared the most rapid in 2017 with an increase of 300%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) was the main supplier of cod, salted or in brine to South Korea, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -55.3%.

In value terms, the United States ($X) constituted the largest supplier of cod, salted or in brine to South Korea.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -53.2%.

Import Prices by Country

In 2022, the average import price for cod, salted or in brine amounted to $X per ton, surging by 6.2% against the previous year. Overall, the import price posted a pronounced expansion. The most prominent rate of growth was recorded in 2018 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, 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 +4.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cods, salted or in brine in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 39% share of global consumption. Portugal, Japan, Germany, Brazil, Indonesia, Bangladesh, the UK, Nigeria, France and Italy lagged somewhat behind, together comprising a further 29%.

What are the largest producers of cods, salted or in brine in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 39% of global production. Japan, Portugal, Germany, Iceland, Indonesia, Bangladesh, the UK, Nigeria, Brazil and France lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of cods, salted or in brine to Republic of Korea?

In value terms, the United States constituted the largest supplier of cods, salted or in brine to South Korea.

What is the average export price for cods, salted or in brine in Republic of Korea?

In 2020, the average export price for cods, salted or in brine amounted to $2,611 per ton, falling by -2.7% against the previous year.

What is the average import price for cods, salted or in brine in Republic of Korea?

The average import price for cods, salted or in brine stood at $4,303 per ton in 2021, picking up by 18% against the previous year.

This report provides an in-depth analysis of the market for cod, salted or in brine in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023