Report Update Nov 1, 2024

Republic of Korea - Frozen Atlantic Halibut - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Republic of Korea

The South Korean frozen atlantic halibut market amounted to $X in 2019, approximately mirroring the previous year. Over the period under review, consumption enjoyed significant growth. Over the period under review, the market attained the peak level in 2019 and is likely to see gradual growth in the near future.

Frozen Atlantic Halibut Production in Republic of Korea

In value terms, frozen atlantic halibut production amounted to $X in 2020 estimated in export prices. In general, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2012 to 2020, production growth failed to regain the momentum.

Frozen Atlantic Halibut Exports

Exports from Republic of Korea

In 2020, shipments abroad of frozen atlantic halibut decreased by -X% to X tons, falling for the ninth year in a row after three years of growth. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. from 2012 to 2020, the growth exports remained at a lower figure.

In value terms, frozen atlantic halibut exports dropped remarkably to $X in 2020. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for frozen atlantic halibut exports from South Korea, with a X% share of total exports. Moreover, frozen atlantic halibut exports to China exceeded the volume sent to the second major destination, Senegal (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+X% per year) and Seychelles (+X% per year).

In value terms, China ($X) remains the key foreign market for frozen atlantic halibut exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Seychelles ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+X% per year) and Senegal (+X% per year).

Export Prices by Country

The average frozen atlantic halibut export price stood at $X per ton in 2020, increasing by X% against the previous year. In general, export price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut export price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Frozen Atlantic Halibut Imports

Imports into Republic of Korea

After eleven years of growth, overseas purchases of frozen atlantic halibut decreased by -X% to X tons in 2020. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Imports peaked at X tons in 2019, and then declined notably in the following year.

In value terms, frozen atlantic halibut imports fell remarkably to $X in 2020. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then shrank markedly in the following year.

Imports by Country

In 2020, Russia (X tons) was the main supplier of frozen atlantic halibut to South Korea, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Russia stood at -X%.

In value terms, Russia ($X) constituted the largest supplier of frozen atlantic halibut to South Korea.

From 2007 to 2020, the average annual growth rate of value from Russia amounted to -X%.

Import Prices by Country

In 2020, the average frozen atlantic halibut import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. The import price peaked in 2020 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen atlantic halibut in the world?

The countries with the highest volumes of frozen atlantic halibut consumption in 2020 were China, Denmark and Japan, together comprising 74% of global consumption.

What are the largest producers of frozen atlantic halibut in the world?

Denmark constituted the country with the largest volume of frozen atlantic halibut production, comprising approx. 42% of total volume. Moreover, frozen atlantic halibut production in Denmark exceeded the figures recorded by the second-largest producer, Canada, twofold. Norway ranked third in terms of total production with a 13% share.

What are the leading suppliers of frozen atlantic halibut to Republic of Korea?

In value terms, Russia constituted the largest supplier of frozen atlantic halibut to South Korea.

What are the leading importers of frozen atlantic halibut from Republic of Korea?

In value terms, China remains the key foreign market for frozen atlantic halibut exports from South Korea, comprising 95% of total exports. The second position in the ranking was occupied by Seychelles, with a 2.5% share of total exports.

What is the average export price for frozen atlantic halibut in Republic of Korea?

In 2020, the average frozen atlantic halibut export price amounted to $5,707 per ton, rising by 4.6% against the previous year.

What is the average import price for frozen atlantic halibut in Republic of Korea?

The average frozen atlantic halibut import price stood at $6,005 per ton in 2020, with an increase of 9% against the previous year.

This report provides an in-depth analysis of the frozen atlantic halibut market 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 2025.

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:

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

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How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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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