Report Update Nov 1, 2024

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

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Republic of Korea: Frozen Catfish Market 2022

Frozen Catfish Market Size in Republic of Korea

For the third year in a row, the South Korean frozen catfish market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption showed a significant expansion. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Frozen catfish consumption peaked in 2020 and is likely to continue growth in the near future.

Frozen Catfish Production in Republic of Korea

In value terms, frozen catfish production skyrocketed to $X in 2020 estimated in export prices. In general, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Frozen Catfish Exports

Exports from Republic of Korea

In 2020, frozen catfish exports from South Korea dropped rapidly to X kg, waning by -X% against the previous year's figure. Over the period under review, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2019 when exports increased by X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, frozen catfish exports declined dramatically to $X in 2020. In general, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Colombia (X kg) was the main destination for frozen catfish exports from South Korea, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Colombia amounted to -X%.

In value terms, Colombia ($X) also remains the key foreign market for frozen catfish exports from South Korea.

From 2007 to 2020, the average annual rate of growth in terms of value to Colombia amounted to -X%.

Export Prices by Country

The average frozen catfish export price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

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

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

Frozen Catfish Imports

Imports into Republic of Korea

In 2020, approx. X tons of frozen catfish were imported into South Korea; growing by X% compared with 2019. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, frozen catfish imports expanded sharply to $X in 2020. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Vietnam (X tons) constituted the largest supplier of frozen catfish to South Korea, with a X% share of total imports. Moreover, frozen catfish imports from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold. Bangladesh (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Bangladesh (+X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2020, the average frozen catfish import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Bangladesh ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen catfish in the world?

The countries with the highest volumes of frozen catfish consumption in 2020 were Vietnam, Colombia and Thailand, together accounting for 45% of global consumption. These countries were followed by Saudi Arabia, Cote d'Ivoire, Cameroon, Denmark, Democratic Republic of the Congo, the U.S., Qatar, China, Russia and South Korea, which together accounted for a further 30%.

What are the largest producers of frozen catfish in the world?

Vietnam constituted the country with the largest volume of frozen catfish production, comprising approx. 75% of total volume. Moreover, frozen catfish production in Vietnam exceeded the figures recorded by the second-largest producer, China, more than tenfold. The third position in this ranking was occupied by Thailand, with a 5.4% share.

What are the leading suppliers of frozen catfish to Republic of Korea?

In value terms, Vietnam constituted the largest supplier of frozen catfish to South Korea, comprising 75% of total imports. The second position in the ranking was occupied by Indonesia, with a 15% share of total imports. It was followed by Bangladesh, with a 6.4% share.

What are the leading importers of frozen catfish from Republic of Korea?

In value terms, Colombia $593) remains the key foreign market for frozen catfish exports from South Korea.

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

In 2020, the average frozen catfish export price amounted to $2,198 per ton, waning by -29.1% against the previous year.

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

In 2020, the average frozen catfish import price amounted to $2,265 per ton, reducing by -7.4% against the previous year.

This report provides an in-depth analysis of the frozen catfish 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.

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
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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