Report Update Nov 1, 2024

Republic of Korea - Fresh or Chilled Salmonoids Meat - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Republic of Korea

The South Korean market for fresh or chilled salmonoids meat was estimated at $X in 2022, increasing by 3% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.1% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Meat in Republic of Korea

In value terms, fresh or chilled salmonoids meat production expanded significantly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Republic of Korea

In 2022, overseas shipments of fresh or chilled salmonoids meat decreased by 0% to X kg, falling for the second consecutive year after three years of decline. Over the period under review, exports faced a significant decrease. The growth pace was the most rapid in 2017 with an increase of 87%. As a result, the exports attained the peak of X kg. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat exports stood at $X in 2022. In general, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of 98% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for fresh or chilled salmonoids meat exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) was relatively modest.

Export Prices by Country

In 2022, the average export price for fresh or chilled salmonoids meat amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 5.9%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Mongolia amounted to -36.6% per year.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Republic of Korea

In 2022, purchases abroad of fresh or chilled salmonoids meat decreased by -88.2% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a sharp slump. The most prominent rate of growth was recorded in 2019 when imports increased by 135% against the previous year. Imports peaked at X kg in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids meat imports reduced notably to $X in 2022. Overall, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 337%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X kg) and the United States (X kg) were the main suppliers of fresh or chilled salmonoids meat imports to South Korea.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -10.4%).

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled salmonoids meat to South Korea, comprising 89% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -3.3%.

Import Prices by Country

The average import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, surging by 31% against the previous year. In general, the import price saw a resilient expansion. The pace of growth was the most pronounced in 2013 an increase of 92%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled salmonoids meat in the world?

The countries with the highest volumes of in 2021 were Norway, Japan and the United States, together accounting for 56% of global consumption. These countries were followed by Canada, Vietnam, Denmark and Poland, which together accounted for a further 24%.

What are the largest producers of fresh or chilled salmonoids meat in the world?

The country with the largest volume of fresh or chilled salmonoids meat production was Chile, accounting for 47% of total volume. Moreover, fresh or chilled salmonoids meat production in Chile exceeded the figures recorded by the second-largest producer, Norway, twofold. Vietnam ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of fresh or chilled salmonoids meat to Republic of Korea?

In value terms, New Zealand $76) constituted the largest supplier of fresh or chilled salmonoids meat to South Korea.

What is the average export price for fresh or chilled salmonoids meat in Republic of Korea?

The average export price for fresh or chilled salmonoids meat stood at $7,692 per ton in 2020, remaining relatively unchanged against the previous year.

What is the average import price for fresh or chilled salmonoids meat in Republic of Korea?

In 2021, the average import price for fresh or chilled salmonoids meat amounted to $6,333 per ton, rising by 1.8% against the previous year.

This report provides an in-depth analysis of the market for fresh or chilled salmonoids meat 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