Republic of Korea: Market for Duck and Goose Meat 2025

Market Size for Duck and Goose Meat in Republic of Korea

After two years of decline, the South Korean duck and goose meat market increased by 1.1% to $X in 2022. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Duck and Goose Meat in Republic of Korea

In value terms, duck and goose meat production reduced to $X in 2022 estimated in export price. In general, production recorded modest growth. The most prominent rate of growth was recorded in 2018 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

In 2022, the average duck and goose meat yield in South Korea amounted to X kg per head, flattening at 2021 figures. Overall, the yield indicated a remarkable increase from 2012 to 2022: its figure increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, duck and goose meat yield decreased by -2.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the yield increased by 62% against the previous year. Over the period under review, the average duck and goose meat yield reached the peak level at X kg per head in 2019; however, from 2020 to 2022, the yield failed to regain momentum.

In 2022, number of animals slaughtered for duck and goose meat production in South Korea expanded notably to X heads, with an increase of 8.9% on 2021. Over the period under review, the number of producing animals, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 32%. Over the period under review, this number reached the maximum level at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Exports of Duck and Goose Meat

Exports from Republic of Korea

Duck and goose meat exports from South Korea shrank rapidly to X tons in 2022, with a decrease of -46.4% on the year before. Overall, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 1,107%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, duck and goose meat exports surged to $X in 2022. In general, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 1,763% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for duck and goose meat exports from South Korea, with a 95% share of total exports. It was followed by Lebanon (X kg), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to -33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (0.0% per year) and Guatemala (+58.7% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for duck and goose meat exports from South Korea, comprising 99% of total exports. The second position in the ranking was held by Guatemala ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+63.9% per year) and Lebanon (0.0% per year).

Export Prices by Country

In 2022, the average duck and goose meat export price amounted to $X per ton, surging by 139% against the previous year. Overall, the export price showed a significant increase. As a result, the export price attained 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 Hong Kong SAR ($X per ton), while the average price for exports to Lebanon ($X 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 Hong Kong SAR (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Duck and Goose Meat

Imports into Republic of Korea

In 2022, duck and goose meat imports into South Korea declined markedly to X tons, falling by -86.3% compared with the year before. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 320%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, duck and goose meat imports fell rapidly to $X in 2022. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 208% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of duck and goose meat to South Korea, with a 79% share of total imports. Moreover, duck and goose meat imports from the United States exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. The third position in this ranking was taken by France (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.9% per year) and France (-19.1% per year).

In value terms, the largest duck and goose meat suppliers to South Korea were France ($X), the United States ($X) and Hungary ($X), with a combined 86% share of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +30.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average duck and goose meat import price amounted to $X per ton, increasing by 6.7% against the previous year. Overall, the import price, however, showed a abrupt contraction. The growth pace was the most rapid in 2016 an increase of 68%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+57.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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